The Hard Times Of The Equestrian Industry In The Uk: Reducing Prizes

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February 1, 2022
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Scrolling changes in the size of the prizes are caused by a decrease in the maximum bet on terminals for fixed coefficients rates.

The hard times of the equestrian industry in the UK: reducing prizes

Financial well-being of the equestrian horse racing industry in the uk questionable due to the reduction of the maximum bet on fobt. Pontefract will be the last track that announced the forced reduction of prizes in the current year. Its size was 11%.

Newmarket announced plans to double the cesarewitch prize fund with £500 thouusand. ($ 665 thousand.) before £1 million, which were reduced by fact £305 thousand.

Last week, coaches boycotted the winter derby lingfield day due to a decrease in the sum of the prize fun. Lingfield belongs to arena racing company (arc), which have recently been tight criticism.

The company is responsible for the amount of prizes on some tracks in the uk. Planned boycott of arc meetings next week, which can cost the company £300 thousand.

Managing director pontefract, norman gandill, commented on the situation: «we have reduced the overall prize fund with £1 318 000 to £1 167 900, but i emphasize that this reduction is preliminary».

Rupert arnold, chairman of the national federation of coaches, said: «coaches decide which races the want to participate. We will not interfere in this, this is their choice»

Recall that due to the reduction of rates for the racks of the horse in the uk and ireland, ladbrokes coral is forced to strengthen business. Companies expand warranty policy for certain types of services.

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