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Ascot boosts prize-money to £13 million to keep up with international rivals

Prize-money at Ascot will top £13 million for the first time in 2018
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Ascot has a responsibility to remain competitive on the international stage, the course said on Monday, as it announced prize-money in 2018 would break through the £13 million-barrier for the first time.

The annual figure of £13,452,000 is £1.2m, or ten per cent higher, than in 2017 and does not include the industry-owned Qipco British Champions Day.

Prize-money at Royal Ascot is also up ten per cent at £7,305,000, while the Qipco-sponsored King George VI & Queen Elizabeth Stakes is up £100,000 to £1,250,000.

The track's executive contribution to prize-money in 2018 is £7.1m, a rise of nine per cent, with the large independent courses such as Ascot having foregone the extra income generated by the government's levy reforms to meet the sport's strategy of funnelling those funds to the lower and middle tiers.

Ascot's director of racing Nick Smith said: "For us it is a real balancing act. We have got to make sure the Group 1 races remain competitive on the international stage. We've got to make sure these races move forward in an appropriate way."


BRITAIN’S MILLIONAIRE CLUB

Derby £1.5m Epsom

Champion Stakes £1.3m Ascot

King George £1.25m* Ascot

QEII Stakes £1.1m Ascot

Grand National £1m Aintree

International £1m York

Sussex Stakes £1m Goodwood

*announced 2018 value


No race at Royal Ascot will be run for less than £90,000 – Smith said the ambition was to increase that to £100,000 in the near future – and Group 1 prize-money now begins at £500,000, rather than £400,000.

The Queen Anne Stakes and Prince of Wales's Stakes will remain worth £600,000 and £750,000 respectively, and Smith added: "They're competitive but not dominant in Europe, and that's not necessarily where Royal Ascot should be, and they're not comparable in prize-money terms to the likes of Australia, Dubai, Hong Kong and certain races in America.

"We've got to take responsibility for British racing on the international stage by making sure that bit-by-bit, where we can, we continue to move these things forward.

"We're very fortunate in Britain, and specifically at Royal Ascot and with the King George, that there is considerable enhancement to breeding stock by winning give their enormous profile. But it would be complacent and inappropriate to rely on that."

Royal Ascot's prize-money has increased 62 per cent since 2012, with the annual programme having gone up 46 per cent in that period.

Ascot chief executive Guy Henderson added: "Under our statutory racing trust, all of Ascot's returns are invested for the benefit of horsemen, our racegoers and off-course followers, both in the UK and internationally.

"In order to continue to attract the best horses to run at Ascot, and with the royal meeting a shop window for international investment in British racing, it is important we offer as competitive prize-money as we can, particularly at the high end.

"It's therefore pleasing to be able to announce, through balanced progress, that Ascot is able to offer record prize-money alongside our other investments and continuing to reduce our grandstand debt on schedule."

ROYAL ASCOT PRIZE-MONEY

TUESDAY
2017
2018
Queen Anne Stakes (Group 1)
4+
One mile
£600,000
£600,000
Coventry Stakes (Group 2)
2
Six furlongs
£150,000
£150,000
King's Stand Stakes (Group 1)
3+
Five furlongs
£400,000
£500,000
St James's Palace Stakes (Group 1)
3 colts
Old mile
£400,000
£500,000
Ascot Stakes (Handicap)
4+
Two miles, four furlongs
£80,000
£90,000
Windsor Castle Stakes (Listed)
2
Five furlongs
£80,000
£90,000
 
 
 
 
 
WEDNESDAY
 
 
Jersey Stakes (Group 3)
3
Seven furlongs
£90,000
£90,000
Queen Mary Stakes (Group 2)
2 fillies
Five furlongs
£110,000
£110,000
Duke of Cambridge Stakes (Group 2)
4+ fillies & mares
One mile
£175,000
£175,000
Prince of Wales's Stakes (Group 1)
4+
One mile, two furlongs
£750,000
£750,000
Royal Hunt Cup (Heritage Handicap)
3+
One mile
£175,000
£175,000
Sandringham Stakes (Listed) (Handicap)
3 fillies
One mile
£80,000
£90,000
 
 
 
 
 
THURSDAY
 
 
Norfolk Stakes (Group 2)
2
Five furlongs
£100,000
£100,000
Hampton Court Stakes (Formerly Tercentenary Stakes) (Group 3)
3
One mile, two furlongs
£90,000
£90,000
Ribblesdale Stakes (Group 2)
3 fillies
One mile, four furlongs
£200,000
£200,000
Gold Cup (Group 1)
4+
Two miles, four furlongs
£400,000
£500,000
Britannia Stakes (Heritage Handicap)
3 colts & geldings
One mile
£120,000
£120,000
King George V Stakes (Handicap)
3
One mile, four furlongs
£90,000
£90,000
 
 
 
 
 
FRIDAY
 
 
Albany Stakes (Group 3)
2 fillies
Six furlongs
£80,000
£90,000
King Edward VII Stakes (Group 2)
3 colts & geldings
One mile, four furlongs
£225,000
£225,000
Commonwealth Cup (Group 1)
3
Six furlongs
£400,000
£500,000
Coronation Stakes (Group 1)
3 fillies
Old mile
£400,000
£500,000
Queen's Vase (Group 2)
3
One mile, six furlongs
£150,000
£200,000
Duke of Edinburgh Stakes (Handicap)
3+
One mile, four furlongs
£80,000
£90,000
 
 
 
 
 
SATURDAY
 
 
Chesham Stakes (Listed)
2
Seven furlongs
£80,000
£90,000
Wolferton Rated Stakes (Listed)
4+
One mile, two furlongs
£80,000
£100,000
Hardwicke Stakes (Group 2)
4+
One mile, four furlongs
£225,000
£225,000
Diamond Jubilee Stakes (Group 1)
4+
Six furlongs
£600,000
£600,000
Wokingham Stakes (Heritage Handicap)
3+
Six furlongs 
£175,000
£175,000
Queen Alexandra Stakes (Conditions)
4+
Two miles, six furlongs
£80,000
£90,000
TOTAL
 
 
£6,665,000
£7,305,000

 

In order to continue to attract the best horses to run at Ascot it is important that we offer as competitive prize-money as we can

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