horse racing levy

The British Horseracing Authority has published its fixture list from Sept. 1 through the remainder of the year, with minimum prizemoney levels set to rise. From Sept. 1, minimum prizemoney at the middle and grassroots levels of British racing will be restored to their pre-COVID levels, while for Class 1 races and heritage handicaps minimum purses will be at 75% of their pre-COVID levels. In addition to levy funding, all racecourses will make executive contributions to prizemoney of every race. The appearance money scheme, which pays out to horses out...

The extended hiatus in the Thoroughbred business is forcing changes to the accepted calendar and offers the opportunity to make others. The extent of the issues to be resolved will be uncertain for some time, but there are two inevitable challenges to be faced: depression of the economy will reduce demand at the sales and there will be a loss of income for racing owing to reduced betting activity. There is one change to the sales schedule which would be constructive in the long term and pragmatic in the short:...