Carlisle racecourse: set to benefit from a prize-money increase
PICTURE:John Grossick (racingpost.com/photos)
By Bill Barber 12:43PM 20 FEB 2017
JOCKEY CLUB RACECOURSES (JCR) plans to make an executive contribution of £22.9 million towards prize-money in 2017, a year-on-year increase of £2.1m.
Total prize-money across the 15 tracks run by JCR is scheduled to exceed £45m this year, the group said.
The Jockey Club said it would be supporting the grassroots of the sport, with its seven smaller courses – Carlisle, Exeter, Huntingdon, Market Rasen, Nottingham, Warwick and Wincanton – receiving increases to their prize-money budget of more than £100,000 each. Carlisle will receive an extra £241,000.
The majority of the extra funding will be channelled towards jumps racing, JCR said, with £1.4m of the £2.1m going to National Hunt racing.
JCR group managing director Paul Fisher said: “All levels of British racing will benefit from the prize-money increase we announce today, but I hope the clear boost for National Hunt racing and the grassroots of our sport is particularly welcome.
“The Jockey Club recognises that prize-money provides an important return for racehorse owners and is vital to the livelihoods of trainers, stable staff and jockeys. It’s also essential to our sport’s competitiveness, so this is a real area of focus for us.
“In the last ten years we have contributed more than £162 million to prize-money, which has seen us work hard to put in industry-leading sums each year from our own resources and I’m pleased we will be able to go further again this year to support the sport.”
The Jockey Club has been the subject of fierce criticism this year over its plans to close Kempton Park for redevelopment to help fund an investment of £500m in racing over ten years.