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

Newbury chief executive Julian Thick: announces prize-money increase
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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."


Read exclusive previews from 6pm daily on racingpost.com


 

We believe this is a reminder of our commitment to reinvest in the sport and complements well the substantial capital investment we have made

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