Leading horseracing bodies have agreed a recovery plan for British racing that aims to restore revenues and resume in front of spectators after the sport was impacted by the coronavirus.
The British Horseracing Authority (BHA), Racecourse Association (RCA), and The Horsemen’s Group published ‘A Recovery Plan For British Racing’, focusing on the next phase of the sports return, which resumed behind closed doors on 1 June.
The main aims of the recovery plan include putting in place a full fixture programme for the rest of the year in front of as many spectators as possible, and keeping cost-base low to “weather the recession."
While the introduction of fans will help offset losses, that too will be achieved by retaining owners and key investors and making a case for an immediate levy reform. Foundations will look to be put in place for long-term sustainable prosperity for the industry.
Other key goals include maintaining the health and safety of participants, maximising prize money for 2021 within financial constraints faced, and presenting a high-quality offering to race-day and betting customers. Workstreams are currently underway to achieve the nine industry goals.
BHA CEO Nick Rust said: “It’s very important that this plan has been agreed by leaders from all parts of the racing industry.
“We know from the way we prepared to resume racing in June that working together works. The commitment shown by leaders in signing up to this recovery plan demonstrates a continued willingness to maintain a unified approach through the tough battles ahead."