Record Revenues For Jockey Club

The Jockey Club, in announcing its 2017 financial results on Sunday, reported a ninth successive year of revenue growth and its largest-ever contribution to prizemoney last year.

The Jockey Club, which invests all profits back into racing, brought in revenues of £201.1-million last year, up 5.2% from 2016. Increased revenues were reported in the areas of general admission, media, hospitality and commercial partnerships.

The Jockey Club generated its largest-ever operating profit before prizemoney of £44.8-million, and contributed a record £22.9-million (up 10.1%) to purses at its 15 racecourses.

This year, The Jockey Club plans to increase its contribution to prizemoney to £27.1-million, causing total prizemoney at its courses to exceed £53-million.

Simon Bazalgette, group chief executive of The Jockey Club, said, “I'm very pleased we were able to make a record financial contribution to British Racing in 2017 as a result of achieving a ninth successive year of commercial growth. Looking ahead, we are increasing prize money further in 2018 and we are continuing to invest in the experience we offer to customers and participants, whether that's recently completing Europe's largest installation of free public Wi-Fi, further enhancing facilities for racehorse owners and trainers or launching the new Britbet betting service for our racing customers this summer. We're working hard to build The Jockey Club brand to create more value to benefit British Racing, including through the record partnership revenues we're now achieving, and we're now making some good strides in terms of our efforts to engage more people across the country in our sport, which is vital for the future.”

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