British EBF commitment to prize money unwavering in face of Covid-19
Wed 6 May 2020
The British European Breeders’ Fund (British EBF), which supports over 600 flat races a year, renewed its commitment to racing today. The trustees intend to honour the £1.68million of prize money enhancements originally allocated to flat races in 2020, with a focus on the initial stages of resumption using the funds accrued during racing’s suspension.
This will provide a much-needed boost to the sport, with the reassurance that both in the initial stages and the longer-term programme, extra money will be available, in the form of EBF prize money contributions.
Simon Sweeting, Chairman of the British EBF commented:
“We are committed to supporting as many races within our remit as practical to help the sport back on its feet as quickly as possible. We are aware of how significant our £1.68million is to the industry this season and we are working to make sure it gets in to the system effectively. We will use money not spent during the cessation of racing to support additional races during the first month or so of the resumption. We know our additional funding is needed by owners and trainers and we want to assure them that the British EBF is here to help at every opportunity.”
Looking ahead, the British EBF is making plans to provide support for an extended flat programme in to November and December, ensuring appropriate support is offered throughout the season.
The British EBF makes annual prize money contributions of over £1.6million to flat racing. These are strategically focused towards developmental races and the support of specific areas (such as opportunities for fillies), deemed to be of overall benefit to the longevity of the industry and the breed. The trustees, mindful of the changed landscape in the wake of Covid-19, are considering all options for the provision of the best possible support of racing through prize money investment on its resumption.
The trustees expressed their appreciation to stallion owners as contributors to the fund.
Sweeting added: “They have worked tirelessly to make sure their covering sheds are open for business and provided flexible options to support breeders. The British EBF is generously funded by stallion owners and the importance of their contributions to us, especially now, cannot be overstated.”