The Cazoo Derby Festival on June 4-5 and Coral-Eclipse Day on July 3 both received an increase in prize money, The Jockey Club announced on Tuesday. Limited spectators returning to racecourses, despite the ongoing COVID-19 pandemic, was cited for the increases.
Held at Epsom Downs Racecourse, the Cazoo Derby Festival's purses were increased 12% across the 11 non-Group 1 races. None of the races over the two-day stand will be run for less than £40,000 and no handicaps will be worth less than £50,000. The Cazoo Derby is still worth £1,125,000, the G1 Cazoo Oaks will keep its purse of £375,000 and the G1 Coronation Cup S. has an unchanged prize money of £315,000.
At Sandown Park, prize money has been raised 18% to £900,000 for the entire card. The G1 Coral-Eclipse, part of the QIPCO British Champions Series, has an increased purse of £600,000, and the Coral Charge H. is now worth £75,000, an increase of £25,000. In addition, two races normally run the day prior to Coral-Eclipse Day have been moved to July 3-the £40,000 Coral Day H. and the £25,000 coral.co.uk H.
Andrew Cooper, Head of Racing and Clerk of the Course at Epsom Downs and Sandown Park, said: “It has been a difficult time for us at The Jockey Club, as it has been for everyone, and in several ways that remains the case. Racegoers generate around 50% of our revenues and so with them away from our 15 racecourses for so long our finances have been significantly impacted and remain so as the pandemic continues.
“However, now we are starting to be allowed a very limited number of spectators back, we are immediately taking the opportunity to boost prize money. Therefore I am pleased to confirm we are able to increase the value of the non-Group 1 races across both days of The Cazoo Derby Festival by 12% and with the prospect of more spectators at Sandown Park, we're committing to boost prize money for Coral-Eclipse Day by 18% above currently advertised values.
“Owners who put so much into the sport have been incredibly patient during the pandemic and this period of huge uncertainty. All of us at The Jockey Club are keen that as soon as the financial picture improves we see that reflected in prize money funding, which is always a top priority at Jockey Club Racecourses.”
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