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Racing needs to wake up to grim reality that the economic forecast looks chilly
February may have produced record temperatures but the atmosphere between Arena Racing Company and owners and trainers has become considerably chillier.
The economic climate for British racing appears to be changing for the worse and the sooner the sport realises that and comes up with a way forward that reflects the new environment the better.
The financial pressure facing racecourses due to reduced media rights income caused by wholesale betting shop closures stemming from the government's crackdown on FOBTs has been flagged up for months now. Predictions of a loss of income for the sport of as much as £40- £60 million a year have been common knowledge for months.
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