Jockey Club announces prize money increase 22/07/2010 |
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The Jockey Club is increasing the prize money it contributes to horse racing in the UK by 10 per cent.
The body will increase its year-on-year prize money by £1.2m, from £12.5m to £13.7m.
It described the move as "major financial support for owners, trainers, jockeys and stable staff".
"We have taken the decision to increase our investment in 2010 prize money to its greatest-ever level at a time when vastly reduced levy contributions have reduced the total amount for racing," said Simon Bazalgette, group chief executive of the Jockey Club.
"The Jockey Club is making the absolute maximum effort for our sport in very difficult funding circumstances for all."
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