All 26 Irish racecourses have approved the Racecourse Media Group (RMB)/SIS Media Rights deal and have authorised the Association of Irish Racecourses (AIR) to sign the contracts on their behalf, AIR announced on Friday. The deal will begin on Jan. 1, 2024.
In May, 21 of the racecourses agreed to the deal, with Kilbeggan, Roscommon, Sligo, Limerick and Thurles Racecourses rejecting it. This week, discussions were held with AIR and the HRI Media Rights Committee, which resulted in the quintet of outliers agreeing to the proposal.
Chairman of AIR, Conor O'Neill said, “Firstly, I would like to commend and compliment the executive of AIR and HRI who have supported the Media Rights Committee to ensure that the very best deal in the marketplace has been obtained for Irish Racecourses and indeed the wider industry. I can confirm that Kilbeggan, Roscommon, Sligo, Limerick and Thurles have decided to join the other 21 racecourses today and sign that deal. Furthermore, I look forward to working SIS and RMG now and seeing it come to fruition.”
Horse Racing Ireland, CEO, Suzanne Eade added, “This process has been exceptionally thorough and has delivered a superb deal for all 26 Irish racecourses. Horse Racing Ireland will be working closely with all racecourses and our media rights partners SIS and RMG to maximise the future revenue streams under the new deal.”
On behalf of the five racecourses who signed today, Pierce Molony said, “Having satisfied our principal objectives, UIR has agreed to sign-up to the current media rights deal negotiated between HRI and RMG/SIS. In particular, the membership of UIR is pleased by HRI's willingness to implement a proposed memorandum of understanding for racecourses during future media deal negotiations, and a review of media rights, as referenced by the Chairperson of the Public Accounts Committee, on 1st June last.”