Menu
Finance

Racing New South Wales Launches $1.5M Horse Welfare Fund

Racing NSW will put aside A$2M ($1.54M) for a horse welfare program "to be funded by a levy on a new prizemoney package" that was announced on Tuesday, according to Chris Roots of THE AGE. The "fully funded sustainable package" in conjunction with the Australian Turf Club includes taking Saturday Sydney prizemoney to a minimum of A$100,000 ($77,000) a race, provincial prizemoney to a A$30,000 ($23,000) minimum a race, "and a lift in feature race stakes across the state" from Oct. 1. The package will draw on more than A$18M ($13.8M) in additional income from a revised Race Fields fee schedule, "the digital rights to racing in NSW sold to bookmaker William Hill and tax parity." However "in a sign of the times, Racing NSW reacted to the state government shutting down the greyhound industry" by putting aside 1% of the A$204M ($157M) in prizemoney to "look after horse welfare." Racing NSW will form a new department, including vets and staff to retrain racehorses and place them within the horse community "beyond their time on the track." The welfare scheme was a centerpiece of a package "that takes racing in NSW to a level beyond any other open jurisdiction in the world." The benefits "were spread across the three sections, metropolitan, provincial and country" (THE AGE, 9/6).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/09/07/Finance/Racing-NSW.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/09/07/Finance/Racing-NSW.aspx

CLOSE