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Newbury prize-money set to reach record £5 million after course's cash injection

 

Prize-money at Newbury is set to exceed £5 million in 2018 following the injection of £250,000 by the racecourse.

As a result total prize-money at all of the track's 29 fixtures will be amount to at least £50,000, with the feature race at three-quarters of all meetings offering £20,000.

The additional investment will ensure all new Race Incentive Fund and appearance money schemes are unlocked for all available races.

Newbury chief executive Julian Thick said: "As an independent racecourse Newbury is committed to ensuring prize-money levels increase as and when we can afford to make additional investment, and 2018 will see a continuation of that policy with our own direct prize-money spend increasing by a further £250,000.

"Since 2013 we have increased our executive contribution by over £1 million and 2018 will see us break the £5m mark for the first time, despite a reduced levy allocation being made to Newbury for next year.

"We believe this is a reminder of our commitment to reinvest in the sport and complements well the substantial capital investment we have made on fabulous new facilities for horsemen in the past three years."

 

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