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British Horse Racing: Prize Money Issue

By Prof Dr Ian Blackshaw

A leading and successful British horse race trainer, Ed Walker, has warned that British horse racing could suffer as a result of “pathetic” prize money that is currently on offer.

This means that many good horses could be sold to foreign buyers and raced abroad where prize money is much higher than in Britain.

More and more Americans and Australians are coming to the yearling sales and buying our best-bred horses” he says.

Foreign buyers can afford to pay good prices because they can win back the money because of higher purses.

Walker believes, therefore, that there is a real threat of Britain becoming “a nursery for overseas owners.”

Thus, British prize money will be boosted by a sum of £7.5 million with the sport using money borrowed from the British Government’s Sport Winter Survival Package, in order to protect its standing and competitiveness with other major horse racing nations.

Furthermore, prize money at the Jockey Club’s 15 racecourses is to be boosted by £3 million during the rest of 2021.

Will all of these financial measures be enough to save the ‘sport of kings’ in Great Britain?

Prof Dr Ian Blackshaw may be contacted by e-mail at ‘This email address is being protected from spambots. You need JavaScript enabled to view it.

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Sports Law & Taxation features: articles; comparative surveys; commentaries on topical sports legal and tax issues and documentation.

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The Editors

The editors of  the Journal Sports Law & Taxation are Professor Ian Blackshaw and Dr Rijkele Betten, with specialist contributions from the world's leading practitioners and academics in the sports law and taxation fields.

The Editors

Managing editor
Dr. Rijkele Betten

Consulting editor
Prof. Dr. Ian S. Blackshaw

Editorial board

Prof. Guglielmo Maisto
Maisto e Associati, Milano

Dr. Dick Molenaar
All Arts Tax Advisors, Rotterdam

 

Mr. Kevin Offer
Hardwick & Morris LLP, London

Mr. Mario Tenore
Pirola Pennuto Zei & Associati, Milano

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