Wetherby: set to make a loss as result of having three meetings frozen offPICTURE: Edward Whitaker
Wetherby counts the
cost of lost fixtures
WETHERBY chief executive John Sanderson has given a clue to the financial damage the cold snap is doing to racing by revealing that the course will make a loss in 2010 as a direct result of having three meetings frozen off in the past fortnight.
Frost and snow put paid to racing at the track on December 26 and 27 and again on Monday and that will have a decisive effect on the end-of-year accounts even though bad weather is budgeted for.
"In our budgets we plan to lose Boxing Day every year - then when we race it is a bonus," Sanderson said on Monday.
"But we have lost more than just Boxing Day, we have lost the next day as well and today and what has happened is the difference between making a nice profit and making a loss which we will do this year now - we will post a financial loss.
"I have a daughter and it has been nice having snow on the ground a Chrstmas but it is a real kick in the teeth when you are running a business.
"It is so deflating for everyone. You have Christmas and then we start in January planning the next Christmas, it is our biggest meeting of the year in terms of customer base and numbers through the door. On Boxing Day we would have got between 11,500 and 13,000 and the next day is usually 7,500 to 9,000. So it is a huge thing for us."