Arena Racing Company (“ARC”) today confirm a further investment of £500,000 into prize money between August and December, 2021.
Prize money increases will be targeted at flat races run during this period, with a total of £500,000 spread over races run at Classes 4, 5 and 6 at ARC racecourses.
This prize money investment is in addition to the £250,000 increase into the Cazoo St Leger Festival programme, along with the extra £120,000 invested into Chepstow’s two day Jumps Season Opener in October, which was announced in April.
Managing Director of ARC’s Racing Division, Mark Spincer said, “We have been pleased to have been working constructively with our colleagues in the Horsemen’s Group over recent months and are equally encouraged by the recent Government updates regarding the relaxation of restrictions at our venues.
“We have been looking closely at where we could best allocate further increases to prize money following on from our specific commitments to the major meetings at Doncaster and Chepstow. As such, we will be offering further support to the cohort of horses running at Classes 4, 5 and 6 across our flat meetings, during this time.”
Charlie Parker, President of the Racehorse Owners Association said, “We are pleased to see ARC make this commitment at the grassroots end of the sport for the rest of the year alongside the previous investment in the other end of their programme. Prize money across the race programme is key to the retention and growth of horses in training. As we emerge from the past 18 months, it is really important that the industry works in a collaborative manner to make sure that any such investment is targeted at the areas of the sport which is of mutual benefit for all. We look forward to continuing to work together on this positive trajectory through 2021 and beyond.”