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Last year Haydock held a 1m2f heritage handicap on 7th Aug for £75k prize fund.
This year the "equivalent" race is a handicap for horses rated 86-105. the prize fund £20k, a 73% reduction in prize fund. I’m not sure why but the Tote appear to have removed their sponsorship of the race this year.
The prize fund for the meeting last year was £210k, this year it is £139.5k per the programme book, or £137.5k if you rely on the Horsemens website.
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Guessing this may be a TV Thing. Previously this meeting had a minimum of three races covered by network TV (BBC and more recently CH4), however with CH4 taking four races from the Shergar Cup and their existing Newmarket commitment (Sweet Solera), I’m presuming they will only be showing one or two races from Haydock (and one of those will be the Rose of Lancaster). May also explain the loss of Totesport sponsorship although someone may like to confirm one way or the other.
Interesting press release from the Horseman’s Group on tariff/prizemoney for next year:
http://www.racehorseowners.net/en/news/index.cfm/tariff-enhancements
Here is their calculation of money available to be used for prizemoney next year compared to this year.
Available Prize-money 2010/11
HBLB – £34m
Owners – 17.1m
Racecourse and sponsorship – 30m
Media rights 19.1m
Total £100.2m
Available Prize-money 2011/12
HBLB – £38.5m
Owners – 17.1m
Racecourse and sponsorship – 37m
Media rights 25.1m
Total £117.7m
Interesting stuff Tuffers and thanks for posting.
Surely that the Owners should be putting in an extra £3m too to the kitty?
All the other groups are increasing their input into the pot so surely the Owners should too?
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Also interesting that punters (via the levy) are racing’s biggest contributore.
It is indeed Reet – if "racing" has learnt anything from the past few years fiasco it should be that it’s over reliant on bookmakers contributing to the prize money and running of racing.
Rightly or wrongly bookmakers are moving and have moved offshore and there’s not a lot that the BHA, Horsemans Group etc. can do about it without intervention from the government, intervention that they’ve already admitted won’t be forthcoming.
If they are really desperate for the £117.1m then they’d be much better moving away from the HBLB funding model and more towards sponsorship and racecourses – particularly given it took government intervention to obtain as much as they did from the HBLB.
Anyone know where the extra £32.9m that racing "needs" is going to come from?
Martin
Martin – I think the ‘Owner’s Contribution’ quite simply consists of entry fees. Presumably these aren’t being increased next year hence the no-change to that part of the equation.
Thanks Tuffers – had a feeling that’s where it came from but surely adding £5 on isn’t going to break the bank, could easily raise at least an extra £1m or so just from that. It’s also going directly to prize money so not like the BHA are taking 20% or the bookmakers taking 15% etc.
Interesting press release from the Horseman’s Group on tariff/prizemoney for next year:
http://www.racehorseowners.net/en/news/index.cfm/tariff-enhancements
Here is their calculation of money available to be used for prizemoney next year compared to this year.
Available Prize-money 2010/11
HBLB – £34m
Owners – 17.1m
Racecourse and sponsorship – 30m
Media rights 19.1m
Total £100.2m
Available Prize-money 2011/12
HBLB – £38.5m
Owners – 17.1m
Racecourse and sponsorship – 37m
Media rights 25.1m
Total £117.7m
THG classifying media rights payments (I’m assuming this amount is restricted to income from SiS/TurfTV) as fully available for prize money, in their eyes, isn’t going to help racing’s case (which is already very weak) for a ‘sports betting right’
Thanks Tuffers – had a feeling that’s where it came from but surely adding £5 on isn’t going to break the bank, could easily raise at least an extra £1m or so just from that. It’s also going directly to prize money so not like the BHA are taking 20% or the bookmakers taking 15% etc.
It’s always been a mystery to me why entry fees are so low. If the fee for entering was a serious amount of money, it might discourage so many owners from running their horses down the track for four or five races to get their marks down.
It’s always been a mystery to me why entry fees are so low. If the fee for entering was a serious amount of money, it might discourage so many owners from running their horses down the track for four or five races to get their marks down.
It might also discourage some from owning horses at all. Owners already pay several hundred pounds a week to run for just £1500 without adding on "a serious amount of money" to enter nevermind run. That could just be the straw that breaks the camels back for some.
It’s always been a mystery to me why entry fees are so low. If the fee for entering was a serious amount of money, it might discourage so many owners from running their horses down the track for four or five races to get their marks down.
It might also discourage some from owning horses at all. Owners already pay several hundred pounds a week to run for just £1500 without adding on "a serious amount of money" to enter nevermind run. That could just be the straw that breaks the camels back for some.
It costs us approximately £2,500 a month to keep a horse in training. Entry fees for the run of the mill class 5 and 6 handicaps are about £40. In other words, less than one day’s training fees. I think you could quite easily triple entry fees without deterring owners especially as those owners would then be running for more prizemoney.
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