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  • #12760
    dave jay
    Member
    • Total Posts 3386

    http://news.bbc.co.uk/1/hi/business/8280227.stm
    .. finally the BHA are on the attack against the greedy bookies ..

    The BHA says Britain was second only to Japan in the total amount bet on horse racing, with £12.1bn wagered in the country against just under £14bn wagered in Japan.

    But it said that while the return to the racing industry in Japan was £741m – or 5.3% of the amount wagered on races – in Britain it was just £118m, or 1% of the total amount wagered.

    And in both the USA and France 8% of money wagered was returned to racing (£589m and £531m respectively).

    People should write to their MPs and tell them that the current situation over funding is untenable.

    C’mon the BHA .. :D

    #250898
    Pompete
    Member
    • Total Posts 2391

    The full report can be downloaded from the BHA website

    Some interesting headline facts and figures. I haven’t read it properly so can’t comment on it yet.

    #250915
    Silvoir
    Participant
    • Total Posts 270

    Full press release below for info.

    Strictly embargoed until 2pm, Tuesday 29th September 2009

    Economic Impact Study highlights British Racing as worth billions to the British economy
    • British Racing worth more than £3.7bn to the British economy in 2008
    • Return to racing from betting in Britain up to 8 times lower than other major racing nations

    Racing has retained its position as the second biggest sport in Britain after football, including revenue generation and attendance, in a major new Economic Impact Study published today. British Horseracing generated expenditure of £3.4bn in 2008, up from £2.86bn in 2005. Once capital expenditure is added this figure rises to more than £3.7bn.

    The study, which is the second of its type produced for British Horseracing by the Sports Business Group at Deloitte, reiterates the value of horseracing to the British economy. The British Horseracing business contributed at least £325m in tax in 2008, taking the five year tax total to over £1.5bn. British Racing has 18,600 full time equivalent jobs within its core industry, a vast number of them within the rural economy.

    According to the report, there are an estimated 52,000 full time equivalent jobs in the onshore betting industry which, given the considerable proportion of gross win provided by Racing (to the betting industry) indicates that a significant proportion of these jobs are supported by the sport.

    Taking into account secondary expenditure generated by the Racing industry in the economy, over 100,000 full time equivalent jobs were supported, directly or indirectly, by British Horseracing.

    Other key findings of the wide-ranging study, which has sections on the sport’s varied participants and customers, as well as comparisons with the leisure market and international competitors, include:

    • Core British Racing industry expenditure of over £1bn, with racecourses generating £361m
    • Owners’ gross expenditure totalled £367m, whilst receiving income of £92m through prizemoney to give a net contribution of £275m
    • The expenditure of the breeding industry was estimated at £207m
    • Capital expenditure over the last five years within the industry of £706m, of which 80% was accounted for by racecourses, and a further estimated £110m by trainers and breeders
    • Bookmakers’ gross win on British Racing in 2008 totalling £1.05bn

    In terms of Racing’s standing within the competitive sports market in Britain:

    • Racing once again had four of the top eight attended sporting events in 2008
    • Total attendances of 5.7m last year placed Racing second only to football, with Rugby Union overtaking Greyhound racing to third place, followed by Cricket and Rugby League

    The Study also analysed betting turnover and returns to racing of the major racing nations.

    Britain was second only to Japan in the total amount bet on racing, with £12.1bn wagered in Britain compared to just under £14bn wagered in Japan. However, the return to racing in Japan was £741m (5.3% of the amount wagered) against just £118m in Britain (1%). Both the USA and France see 8% of money wagered returned to racing (£589m and £531m respectively).

    The study is available to be downloaded for free at britishhorseracing.com.

    Nic Coward, Chief Executive of the British Horseracing Authority, said: “Deloitte’s study reiterates that British Horseracing, as the second biggest sporting activity in Britain, is a significant contributor to the leisure, agricultural and rural economies in Britain.

    “It also highlights the disparity regarding the returns to the sport from betting compared to other major racing nations. If further demonstration of our broken system was needed, we have the second highest betting turnover of the major racing nations yet the lowest return by far from the betting industry to our sport.

    “British Racing’s economic impact was over £3.7bn last year and over five years has generated over £1.5bn in tax revenue for Government. Our sport is of enormous value to Britain, and whilst we face challenges, there are opportunities that racing must take which can ensure our standing and importance within Britain can be maintained.”

    Alan Switzer, Director in the Sports Business Group at Deloitte, said: “Like all sports, Racing faces a significant challenge as a result of the economic downturn. While sport is certainly not immune from its effects we have seen an encouraging resilience across many sports.

    “One impact of this has been a ‘flight to quality’ with consumers increasingly focusing on the country’s, and respective sports, top events. Racing has the advantage that it has a number of such events, with attendances at the top festivals in 2009 generally holding up well. A key challenge for Racing will be to find ways of increasing the profile of the next tier of fixtures.

    “Many of the metrics in this report are likely to experience declines in 2009, but we are confident the sport has the ability to bounce back once economic conditions improve.”

    29th September 2009

    Notes for Editors:

    The report can be downloaded from:
    http://www.britishhorseracing.com/resources/media/publications_and_reports/reports.asp

    #250921
    dave jay
    Member
    • Total Posts 3386

    Paul .. so what are the BHA going to do about it?

    The report rambles on a bit about the economic down turn but racing will still have a funding crisis because the bookies don’t want to contribute to the levy and are moving their operations off-shore.

    The differnece between what is put back into racing based on betting turnover between Japan and the UK is staggering imo.

    #250923
    robert99
    Participant
    • Total Posts 899

    What a misguided report.

    So a thriving industry with wall to wall racing and record investment, with courses maintaining strong revenue growth and some of the best equine facilities in the world wants even more money and a bigger handout. BUT WHY DO THEY WANT EVEN MORE OF MY MONEY AND FOR WHAT?

    Apart from a vague "opportunities that racing must take which can ensure our standing and importance within Britain can be maintained" and "a key challenge for Racing will be to find ways of increasing the profile of the next tier of fixtures" ie BOGUS LOCAL STATUS NEEDS AND A WISH TO SUBSIDISE THE SECOND RATE WHICH PEOPLE HAVE ALREADY SHUNNED there are no rational or credible reasons given for WHY THEY WANT EVEN MORE OF MY MONEY?

    We have a growing population of older people living in poor health and misery because the nation with record debts cannot afford their care, and a bloated racing industry believes it has a prior claim to even more money?? Oh, how MPs and DCMS will laugh.

    Relevant text from the report:

    In terms of Racing’s standing within the competitive sports market in Britain:

    • Racing once again had four of the top eight attended sporting events in 2008
    • Total attendances of 5.7m last year placed Racing second only to football, with Rugby Union overtaking Greyhound racing to third place, followed by Cricket and Rugby League

    Participants and horses. In particular
    racecourses’ investment of over £550m in
    five years has been a key factor in their
    strong revenue growth. Other sectors such
    as trainers and breeders have also invested
    and Britain now has some of the very best
    equine facilities in the world.
    Our sport is of enormous value to Britain, and whilst we face challenges, there are opportunities that racing must take which can ensure our standing and importance within Britain can be maintained.”

    “One impact of this has been a ‘flight to quality’ with consumers increasingly focusing on the country’s, and respective sports, top events. Racing has the advantage that it has a number of such events, with attendances at the top festivals in 2009 generally holding up well. A key challenge for Racing will be to find ways of increasing the profile of the next tier of fixtures.

    #250997
    dave jay
    Member
    • Total Posts 3386

    I would like the extra money to be paid to racing to enable the BHA to turn their website into something like the

    http://www.hkjc.com/english/hrc/hindex.asp

    I would like;

    All of the information published on this site including free replays of all races run in the UK.

    I would also like the BHA to pay for more terrestrial TV coverage of racing, during the week and maybe on a Sunday.

    I feel that punters are paying for a world class service and recieving a pile of rubbish. We are paying for it and if racing got back half of what punters in other countries got back from betting turnover, we could afford it easily.

    How’s that Robert .. ?

    #251090
    robert99
    Participant
    • Total Posts 899

    I would like the extra money to be paid to racing to enable the BHA to turn their website into something like the

    http://www.hkjc.com/english/hrc/hindex.asp

    I would like;

    All of the information published on this site including free replays of all races run in the UK.

    I would also like the BHA to pay for more terrestrial TV coverage of racing, during the week and maybe on a Sunday.

    I feel that punters are paying for a world class service and recieving a pile of rubbish. We are paying for it and if racing got back half of what punters in other countries got back from betting turnover, we could afford it easily.

    How’s that Robert .. ?

    Dave,

    Those certainly are tangible benefits that would be worth paying for. Are we not already contributing c£100m each year from levy in order to cater for that? Hong Kong betting contributes £14M less than UK’s.
    Accessible information services are of value to thousands but not millions. The racing income from broadcast racing is in excess of £100M but the daily terrestrial audience is only 0.5-0.8M.

    The whole point is that the report does not offer increased punter friendly benefits, nor even hint at these. Taxation without representation. 20 organisations were consulted for the report – no one consulted the punter. It suggests "more exciting betting opportunities" but bizarrely to an ageing betting population increasingly interested in other sports.
    Racing has lost the commercial opportunity to others at every stage and the horse has bolted. It has been warned on that since the 1960s and just now woken up?
    The self sufficient Premier League alone has an income of £2684M and is sold worldwide. Until they can make a line by line case for what extra money they need and why, it is all going nowhere.

    #251101
    Hon Kerr
    Member
    • Total Posts 36

    The best possible marketing tool that the sport could have is a genuinely Free To Air Racing Channel.

    Instead we have ATR which is not FREE but part of a basic Sky Package and then the ridiculous Racing UK which is probably the most expensive Sports pay channel that has ever existed.

    Racing UK seems to be run solely for the personal benefit of Andrew Franklin and his HighFlyer organisation. If they now have 10K subscribers I will clean Koo’s windows for the next decade!

    #251117
    dave jay
    Member
    • Total Posts 3386

    The self sufficient Premier League alone has an income of £2684M and is sold worldwide. Until they can make a line by line case for what extra money they need and why, it is all going nowhere.

    .. I agree with that, they do need to say where the extra money would go but raising the profile of UK racing to become a world-wide spectacle the same as the EPL has to be an aspiration.

    #251121
    Tuffers
    Member
    • Total Posts 1402

    The self sufficient Premier League alone has an income of £2684M and is sold worldwide. Until they can make a line by line case for what extra money they need and why, it is all going nowhere.

    I’d hardly call the Premier League self-sufficient. It’s reliant on massive injections of cash from club owners.

    Racing is in the same boat as football to the extent that ticket sales, merchandising etc don’t cover costs.

    What racing needs to do is to find a way to turn a profit irrespective of the levy.

    #251122
    Nor1
    Member
    • Total Posts 384

    robert99

    Oh, how MPs and DCMS will laugh.

    They certainly are laughing considering we the mug taxpayers have to fund their lifestyles. And please don’t say we have a choice through the ballot box.

    As far as I’m aware I am not forced to fund horseracing, unless the government are obliged to give them a grant. Those that govern the sport have relied too heavily on income derived from the bookmakers and I believe tarnished it’s public image because of this. It’s a wonderful spectacle but it’s always promoted towards betting, rather than the horses, jockeys, and staff.
    The only exception is probably Royal Ascot when we get fashion instead.

    #251663
    Gerald
    Member
    • Total Posts 4293

    I would like the extra money to be paid to racing to enable the BHA to turn their website into something like the

    http://www.hkjc.com/english/hrc/hindex.asp

    I would like;

    All of the information published on this site including free replays of all races run in the UK.

    I would also like the BHA to pay for more terrestrial TV coverage of racing, during the week and maybe on a Sunday.

    I feel that punters are paying for a world class service and recieving a pile of rubbish. We are paying for it and if racing got back half of what punters in other countries got back from betting turnover, we could afford it easily.

    How’s that Robert .. ?

    I’ve just read the Stewards’ report from Flemington yesterday.

    http://www.thoroughbrednews.co.nz/sprin … 1&keyword=

    Any chance of getting something like that published for British meetings?

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