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SBD Global/June 19, 2013/Finance
Study Reveals That British Horse Racing Generated £3.5B For British Economy In '12
Published June 19, 2013
CONCERN GROWING: In N.Y., Ryan Goldberg reported many in the industry "acknowledge great concern over racing’s financial future, none more so than horse owners." British trainer Mark Johnston said, "We’re seeing a situation now where prize money for many of our races is less than it was 10 years ago." Yet despite its poor return, Britain "still hosts some of the best racing in the world." In '11, six of the 10 fastest horses in the world "called the country home," and eight of the 10 fastest ratings "came on British racecourses." Last year, the undefeated British superhorse Frankel "drew crowds worthy of the Beatles." Johnston: "Our racing is holding its head up very well indeed. But on a financial front -- that’s where the problems are here" (N.Y. TIMES, 6/17).