- Industry Matters
- December 19, 2013
19th December 2013
Our commitment to prize money in 2014
Yesterday we revealed plans to make an industry record £19.5 million contribution to prize money in 2014 from The Jockey Club's own resources, beating by more than £1 million our own previous record high of £18.4m, which we are contributing this year. Since 2009, The Jockey Club has increased its annual contribution to prize money by £7.1m as a result of its commercial success.
Our 15 racecourses nationwide – which include Aintree, Cheltenham, Epsom Downs and Newmarket's Rowley Mile and July Course, as well as smaller courses such as Carlisle, Exeter, Market Rasen and Wincanton – expect to offer record total prize money in excess of £42 million in 2014 from 364 scheduled fixtures. This equates to record average prize money per fixture of £118,000 and per race of £17,000 next year.
Prize money is the lifeblood of British racing, providing a return for racehorse owners and supporting trainers, jockeys and stable staff. It is an important measure of the health of our sport. Without shareholders The Jockey Club’s sole reason for existence is to support British racing, meaning the more successful we can be commercially, the more we can do for our sport.