The Jockey Membership has introduced a freeze on prize cash for 2025 whereas warning that buying and selling efficiency at its 15 tracks in Britain may result in a evaluate. The determine will likely be set at £58.1 million, £30.6m of which is able to come from govt contribution.
Whereas the determine is marginally down on this yr’s £58.6 million as a result of there being 15 fewer race days, this implies the common prize cash per fixture is improved from £175,000 to £182,000.
Nonetheless, the Jockey Membership cautioned that the finances may change as a result of performances over the primary three months of subsequent yr. Final yr, prize funds had been reduce by £1.5 million from the unique finances after a difficult opening in 2024.
The Jockey Membership’s chief govt, Nevin Truesdale, stated: “Prize cash is our single greatest funding every year and we now have labored exhausting to maintain these ranges in 2025.
“There isn’t a doubt that the continuing financial atmosphere continues to carry uncertainty to our earnings streams, and the federal government’s October finances can have a major and materials affect on us, too. Nonetheless, we now have prioritized prize cash as a part of our budgeting course of for subsequent yr, whereas additionally recognizing that in such a turbulent financial local weather it’s critical to evaluate our monetary efficiency and investments all through 2025.”
Prize cash was notably affected by first-quarter buying and selling efficiency this yr after it was initially as a result of break the £60 million mark when introduced in January.
The determine was lowered by £1.5 million from Could 1 after falling attendance figures on the Cheltenham Pageant plus the continued affect of affordability checks, leading to 5 Jockey Membership fixtures dropping their Premier race day standing.
Prize cash for particular person races, together with main conferences underneath the Jockey Membership banner at Cheltenham, Aintree, and Newmarket, have but to be confirmed for 2025.
