Racing Sports

Opinion: Royal Ascot Prize-Money

Royal Ascot have once again boosted their prize-money for 2020 – but is that really where the money should be going?

No race will be run for under £95,000 – with 16 races seeing an increase on 2019’s prize-fund.

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For the first time, The Royal Meeting will host two £1 million races – The Prince Of Wales’s Stakes and The Diamond Jubilee Stakes.

The prize-pot totals a record £8,095,000 – an increase of £765,000.

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You’ve heard the saying “The rich keep getting rich, and the poor keep getting poorer”, right?

Well this certainly seems to be the case in racing – with money being pumped into the richest races, making them richer, rather than anything done to boost prize-money at the lower level of the sport.

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Trainers, owners and jockeys have recently boycotted smaller tracks due to their abysmal prize-pots.

One trainer said to me: “It costs more to get the horse to the race than they’d return for winning – it is shocking!”

I understand that ‘big’ meetings want to continue to attract international attention – but to most, money is no object.

It is the small owners, who pay their fees and run their horses at a loss, who I feel should be benefiting from an increase in prize-money.

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