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Record Prizemoney For Jockey Club Racecourses in 2022

Jockey Club Racecourses will distribute more than £58-million in prizemoney across its 15 racecourses in 2022, up £12-million from this year. The recorded purses will include the organisation's largest-ever budgeted executive contribution of £28.4-million. The average prizemoney per fixture will be a record £172,000. Jockey Club Racecourses will stage 338 fixtures in 2022.

Nevin Truesdale, chief executive of The Jockey Club, said, “The pandemic has been an incredible challenge that we have had to meet head-on. We still cannot be certain about what 2022 will bring, but we have enough confidence in the popularity of British Racing from our advance sales and all our revenue streams now fully firing as things stand to plan to fund and distribute a record amount of prize money next year across our 15 racecourses.

“It's a proud moment to be able to announce this on behalf of The Jockey Club's people today and a tribute to all their hard work and commitment over one of the most difficult periods our business and the whole industry has ever known. I would like to send advance thanks to participants for running their horses with us, racegoers for booking tickets and sponsors for their support, because everything we generate commercially from these activities, we reinvest back into our sport.”

Charlie Liverton, chief executive of the Racehorse Owners Association, said, “I am delighted that The Jockey Club are able to make this significant contribution to their total prizemoney for 2022. It gives great comfort to those who invest in racehorses and breeding stock that, at a time when costs are increasing across the board, the value of the race programme is set to increase. The returns to owners and participants through prize money is critical to both the retention of horses in training and the growth of them. It is remarkable that as we enter in to 2022, given the impact the pandemic has had on businesses across the country, the number of active owners and horses in training is at some of the highest levels of the past five years. We look forward to continuing to work with The Jockey Club to maximise both prize money and the owners experience, on and off the racecourse, during 2022 and beyond.”

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Spectator Restrictions to Continue as UK Government Hits Pause on Reopening

After the UK Government announced that they would be taking a four-week pause on the country's progression out of COVID-19 restrictions on Monday, the UK Racing industry acknowledged the reasons for the delay, but expressed disappointment at the news. The COVID-19 roadmap out of lockdown had been due to switch to Stage 4 on June 21, but instead the current restrictions will continue, affecting major racing events like Coral-Eclipse Day at Sandown Park, and the Moet & Chandon July Festival at Newmarket.

Currently, the industry is working with the Horserace Betting Levy Board (HBLB) to secure a £21-million loan from the UK Government's winter survival fund, however, seeking additional support from the Sport Survival Package will now be considered. As it stands, most race meetings have a max of 4,000 spectators allowed, with Royal Ascot participating in the Events Research Programme (ERP), which allows 12,000 racegoers for the five-day stand.

Julie Harrington, Chief Executive of the British Horseracing Authority (BHA), said, “While it is disappointing that plans for the relaxation of restrictions and the further return of spectators have been delayed, we of course understand the principle that Government's decisions should be evidence-based and public health must come first.

“Many of our racegoers will be frustrated by this delay, but we are doing all we can to work with national and local authorities to maximise the number of people allowed to attend race-meetings in safety.”

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British Racing Bodies Commit to Improving Diversity and Inclusion

Organisations across British racing have united to improve diversity and inclusion across the sport under a unified “Industry Commitment”. The Industry Commitment, which is part of British racing's COVID-19 Recovery Plan for British racing', aims to formalise the sport's approach to diversity and inclusion and builds on the extensive existing activity already taking place, including community engagement, education activity and charitable work. This is highlighted through the Racing Together platform which has already showcased over 80 initiatives.

Organisations that have signed on to the Industry Commitment are: the British Horseracing Authority (BHA), Racecourse Association (RCA), Racehorse Owners Association (ROA), Thoroughbred Breeders Association (TBA), National Trainers Federation (NTF), Professional Jockeys Association (PJA), National Association of Racing Staff (NARS) and Great British Racing (GBR). There are five areas that underpin the Industry Commitment and each organisations will former their individual Diversity and Inclusion Action Plans:

Leadership and Accountability–industry leaders ensuring and taking accountability for the creation of a more diverse and inclusive sport
Good Governance–ensuring a better understanding of the racing landscape to influence policy, practice and procedures
Education and Awareness Raising–giving everyone across racing access to learning about diversity and inclusion and why they're important to the sport
Celebrating Racing's Diversity–showcasing the diversity that exists across the racing industry in order to create an inclusive sport where difference is embraced, and everyone is valued
Engaging New Audiences–promoting racing as a sport for all and encouraging diverse communities to take part

Annamarie Phelps, Chair of British Horseracing Authority, said: “This is an important step forward for the sport. We have so much to celebrate in British racing, including men and women being able to compete on a level playing field. Equally, it is the responsibility of all of us in the sport to ensure we can showcase British racing as a modern sport which is truly diverse, inclusive and open to all. Being proactive about improving diversity is essential to the long-term viability of the sport, but first and foremost it is absolutely the right thing to do.”

For more information on the Industry Commitment, please visit www.media.britishhorseracing.com.

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Prizemoney Structure Change To Benefit Placed Horses

The payout structure of prizemoney in Britain will be altered from Saturday, with placed horses in non-pattern races to receive a larger share.

Second place horses will receive roughly half of the prizemoney allocated to the winner, with the third and fourth-placed horses getting half of the sum gained by the next best finisher. An additional £7.5-million will be provided to placed owners in non-pattern races.

Charlie Liverton, chief executive of the Racehorse Owners Association, said, “Prizemoney is a huge, long-term challenge for owners and racing and these changes are being made following feedback and consultation with owners. With the impact of COVID on racing, the ROA are working hard with industry colleagues to retain and attract owners and improving prize-money distribution is a key part of that.

“Prizemoney distribution has always been a frustration for owners, whether it was the complexity of the system or the levels generally. The changes deliver what owners want: simplicity and fairness. Put simply, more owners can access a larger share of the prizemoney now. This improves earnings across the sport and enhances funding to the middle and lower tiers.

“We want to encourage people to stay in our sport and bring new participants in. To do that, the sport has to be an attractive proposition. Owners spend over £30-million a month in training fees and collectively the industry needs to grow our income stream and ensure that owners receive a fair return through prizemoney.”

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