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SBD Global/January 3, 2018/Finance

Finance Notes: BHA Reveals Prize Money Will Rise To Record £160M

The British Horseracing Authority revealed prize money for '18 will rise to a record £160M ($218M) as revenues from the betting levy and increased contributions from racecourses "flow into the sport." Those operating at the lowest levels in Flat and National Hunt racing "will benefit the most pro rata with the majority of races now having a total value" of at least £6,000 ($8,200). Appearance money "will also be introduced to try to encourage fields of at least eight runners, which in turn should stimulate betting" (LONDON TIMES, 12/30).

Silva Int'l Investments announced it acquired a stake in Globe Soccer, which organizes and owns the rights to the annual Globe Soccer Awards in Dubai. Tommaso Bendoni of Bendoni Consulting will continue to lead the organization of the awards and remain a minority shareholder (Silva Int'l Investments).
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