The British Horseracing Authority in conjunction with the Horsemen’s Group and Racecourse Association agreed to the next phase in the return of racing, which began July 1.
The BHA placed additional focus on retaining owners and key investors of the sport, while establishing plans to bring in fans once tracks re-open to the public, according to SBCNews.
“The commitment shown by leaders in signing up to this recovery plan demonstrates a continued willingness to maintain a unified approach through the tough battles ahead,” said BHA CEO Nick Rust.
Objectives include maintaining a lid on owners’ costs; immediate levy reform; and a plan for long-term growth,
Levy reforms involve a greater return from bets placed on international racing to equalize the playing field with other European nations.
“This plan brings together all the necessary components in one clear action plan with some ambitious goals, said David Armstrong, CEO of RCA.
From a racecourse perspective the return of fans and the experience for owners are clear priorities. The BHA hopes to reform rules on racing syndicates and clubs in order to increase investment.
For 2021, U.K. racing leadership agreed on programs to maximize prize money balanced against the financial constraints of stakeholders.
