Yesterday, Jockey Club
Racecourses, owners of Cheltenham Racecourse and 14 other courses, announced a
significant increase to prize money across the Group in 2013.
Today, Cheltenham releases
some detail on its own greatly enhanced prize money offering for next year.
Total prize money for 2013
at Cheltenham will be a record £6.12m, a near 12 per cent increase from 2012,
meaning that each race at the course will be worth an average of £57,000.
At The Festival, held in
2013 from Tuesday to Friday, March 12-15, prize money will be £3.82m, up by
£445,000 from 2012, with the average Festival race now worth an astonishing
£141,500.
Almost every race at The
Festival is increasing in value, with the major Championship events all
breaking new ground in prize money terms, as follows:
|
Race
|
2013 Value
|
2012 Value
|
|
Stan James Champion Hurdle
|
£400,000
|
£370,000
|
|
Sportingbet Queen Mother Champion
Chase
|
£350,000
|
£320,000
|
|
Ladbrokes World Hurdle
|
£275,000
|
£260,000
|
|
Ryanair Chase
|
£275,000
|
£260,000
|
|
Betfred Cheltenham Gold Cup
|
£550,000
|
£500,000
|
Total prize money on
Betfred Cheltenham Gold Cup day, Friday, March 15, will now exceed £1m for the
first time.
Ian Renton, Regional
Director for Cheltenham and the South West, said: "This is great news for
us and for all those who support Jump racing at Cheltenham.
"The Jockey Club
exists for the good of the sport and the prize money boost is further concrete
evidence that, at Cheltenham and throughout the Group, we are putting
everything we make back into the sport about which we all care so passionately.
"I would also like to
thank our sponsors, who are contributing significant amounts to these excellent
prize money totals."
Simon Claisse, Regional
Head of Racing and Clerk of the Course at Cheltenham, added: "I am
delighted that we are able to reward further the investment made by owners in
horses that compete at the pinnacle of Jump racing.
"Increased prize
money is also a significant boost for the jockeys, the trainers and the stable
staff involved with horses that run at Cheltenham."
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