AP – Given this comment in the RP it would appear that the prize money issue was met:
“According to Chelmsford, racecourse management and the BHA had met on March 3 to discuss a four-point plan for GMRL to be licensed, with the BHA imposing “a condition requiring pre-payment of all liabilities, including prize-money three days before each fixture, which was met”.
“On Monday, Chelmsford alleged the BHA abandoned its previously “constructive” position when the racecourse was told the BHA did “not consider it appropriate to grant a racecourse licence to GMRL at this stage”. The venue said concerns were raised about GLEL’s creditor position, the ownership of racecourse fixtures and the suitability of GMRL’s directors”.