Transparency needed to dispel distrust over courses' prize-money contributions

Just as not all racecourses are created equal, not all racecourses employ the same business model.

Britain's biggest tracks are the most reliant on income from paying customers and hospitality, which is why in recent weeks financial figures from Newbury and York have demonstrated the impact of the Covid-19 pandemic, with both courses recording losses of more than £2 million last year.

However, not all courses are as reliant on bums on seats as York or Newbury, certainly not the four Arena Racing Company (Arc) all-weather courses which have come under the microscope of former leading racecourse executive Mark Kershaw and the Keep Owners In Racing pressure group.