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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