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Simon,
What sponsorship?
Prize money for the two races comes entirely from the owners by way of entry fees. Using the figures in the Post, total entry fees collected for the 2:10 were £841,500, for the 2:45 it’s £1,081,500.
Perhaps it’s the answer to low prize money – why not have one race at every meeting with a £500 or £1000 entry fee. Give owners the choice of paying £10 and running for £4k in most races, or paying more and getting a chance at a bigger prize fund.
Good idea – and the more an owner wants to pay the less weight the horse has to carry
An off-spin of claiming races if you will.
Does anyone know where I can find information about how many places prize money is being paid on & how much is being paid for each place for individual races?
Thanks
Racing Post? Is there a particular race you wnat info for?
I was looking for the Gold Cup & the Midlands National.
Got the info for the Gold Cup from racingpost.com, thanks. I should’ve known it’d be on there somewhere!
Can they afford it? Big fields though and probably a big crowd <!– s:evil: –>
<!– s:evil: –>This is the type of card which leaves me confused. It shouldn’t work on paper. £2,047 (and twenty pence), per race shouldn’t be worth it – yet look at the size of those fields.
Newbury purses also woeful, particularly the absorbing Spring Cup; a third of the value of the Lincoln.
So, Winter is officially here. We lost half of Wolverhampton on Friday night, Newcastle & Towcester yesterday, Carlisle & Leicester today, Ffos Las tomorrow & possibly more.
I’m assuming the entry fees are returned but what happens to the rest of the prize money? Does the prize money increase for other meetings at the same course? Does it go back in the prize pool generally? Or does it go, where I suspect it might, into someone’s proverbial back pocket?
Well the racecourses don’t make any money from camcelled meetings – no media rights payments, no sponsorship, no gate money, no Tote percentage and most of all, no basic daily rate pyament from the Levy Board. And they still have the costs for staff, so hard to see any back pockets being filled there.
The Levy Board save the daily payments and those go back into their reserves – that money can be used to fund extra AW meetings during the freeze, and additional jump meetings once the weather improves. But their income will definitely drop as bookies do less business.
The weather is absolutely bad news for owners and trainers, as it becomes impossible to make firm plans when you don’t know if racing will be on, and I can guarantee you it’s no fun for stable staff riding out in freezing conditions.
Jockeys don’t get any riding fees, farriers don’t get to work fitting racing plates, horse transport companies don’t have any horss to transport, etc etc
I can’t see how anybody gains from the weather.
AP
The prize money generally gets diverted to the xmas party fund.
This year it’s going behind the bar of The Bloomsbury Tavern this Tuesday evening. My advice is to get there early before it’s all been drunk. The state the levy’s in it’ll probably only last a round or two!
I don’t know about the prize money but:
ABANDONMENT PAYMENT SCHEME AND ADDITIONAL FIXTURES
The 2010 scheme provides a grant of £10,000 per fixture following an abandonment of a raceday.The initial allocation to the Abandonment Payment Scheme in 2010 was £450,000 but this was exceeded following the sustained cold weather in the early part of the year.
HBLB Annual Report 2009/2010
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Maybe that explains why Wolverhampton lost a couple of meetings through their inability/reluctance to work the surface through the said cold snap?
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I thought they could use it to pay travel costs for those that made a wasted journey
The Levy Board save the daily payments and those go back into their reserves – that money can be used to fund extra AW meetings during the freeze, and additional jump meetings once the weather improves. But their income will definitely drop as bookies do less business.
Thanks for the responses, I think this may be what I was looking for. Thanks AP
<!– s:evil: –>
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