Glazers To Sell 8 Million ManU Shares ARD, ZDF Considering TdF Comeback ONE World Sports To Air CHL In The U.S. Odey Rejects BSkyB Offer For German Sky Arsenal Loses Court Battle Over Concerts ITV's First-Half Pre-Tax Profit Jumps 40% Caterham F1 Team To Take Legal Action Scottish Rangers Chair Denies Sale Plans BBC Wales, S4C Announce Pro12 Deal Football Conference, Vanarama Partner
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/April 22, 2013/Media
U.K. Racecourses In Line For Windfall After TV Gamble Pays Off Big
Published April 22, 2013
Leading racecourses "are set for huge windfalls after two big bets on the televised popularity of the sport came in," according to Robert Lea of the LONDON TIMES. Their winner is Racecourse Media Group, the company set up by 34 courses -- including the big ones -- "to manage and sell their televised rights." Its main operations are Turf TV, a provider of live feeds to more than 10,000 bookies' shops co-owned with Bahamas-based billionaire Joe Lewis; Racing UK, a pay-TV channel that costs subscribers £20.80 ($31.68) a month; "and the management of racing's decision to hand terrestrial coverage to Channel 4." According to "RMG's annual figures, circulated to its racecourse shareholders this week," a record £46M was paid by it to the course owners in '12 -- but that is going to soar this year to £64M ($97M). RMG courses "are the big winners from the Channel 4 contract:" RMG figures show annual income to the courses will rise from £700,000 under the previous BBC/Channel 4 regime to £5M ($7M) in '13 (LONDON TIMES, 4/18).