Have horse will travel - The key races and prize money earning opportunities on offer this summer

Article by Lissa Oliver

European Pattern changes

A well-publicised European Pattern Committee (EPC) review of European races was made earlier this year and the EPC sanctioned a total of 814 Black-Type races to be held in Europe in 2025, down from 826 in 2024, with 411 Gp. races (416 in 2024) and 403 Listed races (410 in 2024). A total of five Pattern races have been downgraded in 2025, and 12 Listed races have lost their status. 

A total of 22 Pattern and Listed races will be at risk of potential downgrade in 2026, depending on this season’s performance. Already hard-hit, Italy has nine races at risk, Germany six, Britain and Ireland two and France, Denmark and Turkey one each.

France 

It is now compulsory for all trainers to enter their horses' vaccinations onto the server via the France Galop website before any race entry is validated. Most racing authorities will also require a Racing Clearing Notice (RCN) for a horse travelling abroad rather than a passport endorsement. 

France Galop has implemented some changes in entry fees to be aware of with regard to Black-Type races. Based on the changes introduced for Gp.1 races in 2024, the entry fee in Gp.2 and Gp.3 races now stands at 0.65% of the total prize money. This reflects a €355/£293 reduction in the entry fee for Gp.2 races and a reduction of €210/£173 in Gp.3 races, guaranteeing sustainable funding of the Owner’s Pool (Poule Proprietaire), which funds 32% of prize money offered in Gp.1 races.

The French programme offers an opportunity to enter a horse in a Pattern race between the early closing and the supplementary entry stages and the fee has been standardised at 2% of the total prize money. Second entries, part of the revision of the entry process, will close on the Tuesday of the week preceding the race. The three Gp.2 races run over the Prix de l’Arc de Triomphe weekend are the only exceptions to this rule, their second entry closing now a Tuesday mid-September. With the aim to standardise entry fees in all Pattern races, the supplementary entry fee in Gp.2 and Gp.3 races now stands at 7.2% of the total prize money. This percentage also applies to Gp.1 races, with the exceptions of the Prix de l’Arc de Triomphe, the Prix du Jockey Club and the Prix de Diane.

The Gp. 2 Vicomtesse Vigier at ParisLongchamp, 15f/3100m, four-year-olds up, in May, has been upgraded to offer an earlier Gp. 1 opportunity for staying horses in the spring. The Gp. 1 Prix Jean Romanet, 10f/2000m, now open to three-year-olds and upwards fillies and mares, has been increased in value to €400,000/£330,280 and effectively now replaces the former Gp.2 Prix Alec Head (Prix de la Nonette) that had been on the same card at Deauville in August. Similarly, the Gp.3 Prix du Prince d’Orange, 10f/2000m, Maisons-Laffitte, replaces the 10f/2000m Gp.3 Coupe de Maisons-Laffitte and has been put back to 14th September to avoid a clash with the new date of the Arc trials. Joining the Gp.1 Prix du Moulin de Longchamp 7th September will be the three Arc trials, Gp.1 Prix Vermeille, Gp.2 Prix Foy and Gp.2 Prix Niel. Prize money for the Prix du Moulin increases from €450,000/£371,565 to €800,000/£660,560, entirely financed by the owner’s fund.

The Listed Prix Joubert has been retained in preference to the former Prix des Tourelles and will be run over 14f/2800m for three-year-old fillies and older, while the Gp.2 Prix Kergorlay, 15f/3000m, effectively replaces the former Listed Prix du Carrousel and sees its prize money increase to €180,000/£148,626 as a result.

Other prize money changes are the Gp.3 Prix du Palais-Royal 7f/1400m from €80,000/£66,000 to €150,000/£123,855. Its traditional stepping-stone, the Listed Prix Servanne 6f/1200m, increases from €55,000/£45,400 to €70,000/£57,800. However, the Gp.2 Prix Guillaume d’Ornano, 10f/2000m has been halved from €400,000/£330,280 to €200,000/£165,140 to increase prize money in other Black-Type races. The Prix d’Aumale, a trial race for the Gp.1 Prix Marcel Boussac, has been upgraded to Gp.2 with a value of €130,000/£107,340. 

The Black-Type programme for two-year-olds has been altered in the hope of increasing the number of starters and improving the competitiveness of the races, particularly throughout September. The decision was made to stagger some races and redefine their role by changing distances and surfaces. The Gp.3 Prix des Chenes 8f/1600m moves from the beginning of September to 20th September at Chantilly, becoming a stepping stone for the Gp.1 Criterium International. The Gp.3 Prix de Conde is now 10f/2000m, from 9f/1800m, at Saint-Cloud as a stepping stone for the Gp.1 Criterium de Saint-Cloud. The Gp.2 Prix Thomas Bryon 7f/1400m moves to 18th November on the Chantilly fibresand, three weeks after the Criteriums at Saint Cloud. The Listed Prix Isonomy 9f/1800m will also be run on the Polytrack at Chantilly, 27th October.

Finally, the Gp.2 Gros-Chene at Chantilly has been downgraded to Gp.3 and the Listed Prix Ceres at Fontainebleau has lost its Listed status.

Britain

Britain will stage two new Gp.1 races this year, with both the City of York Stakes, 7f/1400m, three-year-olds up, at York in August, and British Champions Long Distance Cup, 16f/3200m, three-year-olds up, at Ascot in October, being upgraded. Both races will also see a significant increase in total prize money for this year. The City of York Stakes now joins the Prix de la Foret at ParisLongchamp in October as the only two all-aged 7f/1400m Gp.1 races in Europe.

BHA’s Director of International Racing and Development, Ruth Quinn, observes, “A very different picture to this time last year, with the outcome of the EPC meeting an encouraging demonstration of what can be achieved when we work together. It really is a significant achievement to see the City of York upgraded to a Gp.1, with this having been our long-term and ambitious plan as the race gradually climbed through the ranks from Listed status. York has been a patient and consistent supporter of the long-term strategy to develop this race into Britain’s 7f Gp.1 race, only the second of its kind in Europe. Similarly, it’s wonderful to now be in a position to reward the Long Distance Cup on Qipco’s British Champions Day and see that too, become a long-awaited and much-deserved Gp.1 event. The overall progress for the stayers’ project across Europe is extremely heartening; we must continue to add fuel to the upward momentum being experienced.” 

Qipco British Champions Day at Ascot will become the first British raceday to stage five Gp.1 races, following the upgrade of the British Champions Long Distance Cup. Prize money for the race will also be increased to £500,000 this year, bringing it in line with the Fillies’ & Mares’ and Sprint races. The day will also feature a new £250,000/€301,800 race for two-year-olds, bringing the total value of the day to €5.21m/£4.35m. The new race will be a 6f/1200m conditions race open to all two-year-olds and to be run without penalties. Details will be released later in the year. 

Ascot’s near neighbour, Newbury, have also announced increased prize money increases for two Gp.2 races - the Hungerford Stakes and the Mill Reef Stakes. 

Each race has been boosted by £25,000, bringing the Hungerford Stakes to £150,000 and the Mill Reef Stakes to £125,000.

Newbury Racecourse Executive are also offering a £50,000 bonus, for any horse who wins any two-year-old race at Newbury this year and then goes onto win the 2025 Mill Reef Stakes. £40,000 will be paid to the winning owner and £10,000 to the racing staff of the winning trainer.

Some British Black-Type races have moved, the Gp. 3 Criterion Stakes in June, 7f/1400m, moving from Newmarket to York, while the Listed Fred Archer Stakes in July, 12f/2400m, has moved from Newmarket to Beverley and has been renamed the Charlie Wood Stakes, in honour of the local Hull-born Victorian jockey. In November, Newcastle has lost both the Listed Churchill Stakes, 10f/2000m, and Listed Golden Rose Stakes, 6f/1200m, to Southwell, where they will be run one week later. To maintain an optimum gap, the Listed Wild Flower Stakes at Kempton Park, 12f/2400m, has been moved back by two weeks in December. The Listed Rothesay Stakes, 10f/2000m, will move from Ayr to Haydock Park and be run 24th May. 

In addition to the EPC changes, over €3.92m/£3.3m in prize money will be available across 89 High Value Developmental Races for the 2025 Flat season in a further boost for the British racing and breeding industry. Richard Wayman, Director of Racing at the BHA, explains, “We are really pleased to confirm the continuation of the High Value Developmental programme for 2025 after another successful year. It is important for us to take steps to encourage the racing and breeding of horses in Britain, and the increased returns in prize money that these races provide is a vital part of that process.

“It has been brilliant to see the races so well engaged with by owners and trainers, and that wouldn’t be possible without the support of British Stallion Studs (EBF), Darley, Juddmonte and Tattersalls, who have worked together with the BHA to enable this initiative to thrive. We are also grateful to the Horseracing Betting Levy Board and our host racecourses for supporting the running of the races.

“In producing this year’s list of races, we have increased the focus on the staying horse as part of our ongoing strategy to attract and encourage quality horses with an aptitude for stamina. We very much hope to grow this significant initiative in the future.”

The programme of races, primarily for two-year-olds and three-year-olds at the beginning of their careers, begins with a €47,550/£40,000 three-year-old contest at Southwell 15th March and concludes at Chelmsford 1st December. Introduced in 2023 with 63 races, this year sees 89 races, with 31 Open Novice/Maiden races for two-year-olds, worth a minimum of €47,550/£40,000, 30 Restricted Novice/Maiden races for two-year-olds, worth a minimum of €35,660/£30,000, and 28 Open Novice/Maiden races for three-year-olds up, worth a minimum of €47,550/£40,000. 

Simon Sweeting, Chairman at British Stallion Studs (EBF), says, “The British EBF will again lead the industry sponsorship of this £3.3 million project in 2025 which focuses prize money into a vital, foundation area of the programme. With Open Maiden and Novices worth a minimum of £40,000 and Restricted races a minimum of £30,000, we hope more owners and trainers will target the great prize money on offer in these development opportunities for their horses' careers.”

Ireland

The Gp.2 Golden Fleece Stakes at Leopardstown, on Irish Champions Weekend in mid-September, will be upgraded to Gp.1 for 2026 and will increase in distance from 8f/1600m to 9f/1800m, for two-year-olds. The Gp.3 Anglesey Stakes, 6f/1200m in late-July will swap dates with June’s Gp.2 Railway Stakes over the same course and distance at the Curragh, in an attempt to create better progression through the Irish Pattern for two-year-olds. The Gp.3 Blue Wind Stakes, 10th May, will swap dates with the Listed Naas Oaks Trial Stakes 25th June. 

A new Listed race for two-year-olds, the 8f/1600m Pat Smullen Stakes at Naas in early-July, will be run with similar allowances as those of the Irish EBF Median Sires Series. Jonathan Mullin, Director of Racing at Horse Racing Ireland, points out that the race “feeds into that strategic policy around producing and retaining quality middle-distance and staying horses, and it is fitting that the newest addition to the Irish Pattern roster should be named in honour and in memory of one of our finest riders.”

Mullin says, “The welcome upgrade of the Golden Fleece Stakes by the EPC is a continuation of efforts to promote the production of stamina, and is part of a suite of Irish measures, some already in place, to assist that strategic ambition. The Gp.1 Golden Fleece will, in 2026, be an option for staying two-year-olds on better ground than is likely in late October for the Futurity Stakes, the Criterium de Saint-Cloud and the Criterium International, but will also act as a lead-in to these three races, many of which are being won and heavily populated by Irish-trained runners.”

As part of its commitment to the production and retention of middle-distance and staying horses in Europe, Horse Racing Ireland will review the opportunities, including for auction and median auction horses, for two-year-olds at 8f/1600m and beyond later in the season. 

The Gp. 3 Athasi Stakes has been increased to 8f/1600m and will now be for three-year-old only fillies. The Gp.3 Cornelscourt Stakes has been opened up to three-year-olds up fillies and decreased to 7f/1400m. The Listed Cairn Rouge Stakes 8f/1600m is now for three-year-old only fillies and the Gp.3 Rathbride Stakes has increased to 10f/2000m and is now for four-year-olds up fillies. The Listed Listowel Stakes has been reduced to 8f/1600m and the Listed Navigation Stakes has changed to 10f/2000m and is now restricted to three-year-olds only. The Listed Victor McCalmont Memorial Stakes is now 9f/1800m and for four-year-old up fillies. Among the European automatic downgrades, the Gp.3 Amethyst Stakes, 8f/1600m at Leopardstown in May has been downgraded to Listed. 

The Irish European Breeders’ Fund has also announced new initiatives and record-high sponsorship of €3.1m/£2.56m for 2025. Supplementary to this spend are prize money commitments of €150,000 to Irish EBF-named races in Britain and for retired racehorses through TREO EILE. Principally, the sponsorship has allowed for the creation of the new Smullen Series of 18 middle-distance races for two and three-year-olds, including the new aforementioned two-year-old Listed race at Naas in July named in honour of Pat Smullen. 

The Spring Series of races originally designed for middle-distance three-year-olds, including the valuable €200,000 Gowran Classic, will become part of the overall Smullen Series that will provide trainers, owners and breeders of middle-distance horses valuable opportunities to race throughout the season. 

To boost prize money and interest in nursery races, there will be three Irish EBF nursery handicaps each worth €40,000/£33,000, starting in August, followed by the Auction Series Nursery at Cork in September and culminating with the traditional Birdcatcher Premier Nursery at Naas in October. There is also a total of €1.6m/£1.32m of prize money on offer for two-year-olds in the successful Auction Series and the Median Sires Series, which both include big race targets in the €120,000 Irish EBF Auction Series Final and the €200,000 Irish EBF Ballyhane Stakes. 

Jessica Harrington, 2024 Gowran Classic and Auction Series Final-winning trainer observes, “Last year we were lucky to have won two big prize money pots from the Irish EBF, the first running of the €200,000 Gowran Classic with Fleur De Chine and the €120,000 Auction Series Final in Naas with Fiona MacCoul. Those two races alone brought in €182,000 in prize money for our owners and gave them tremendous thrills in the process. The exciting new Smullen Series with the new Listed is another example of how the Irish EBF is constantly coming up with great ideas and keeping prize money at the core of its decisions.” 

Ralph Beckett, for whom Pat Smullen rode his first Breeders’ Cup winner in 2008 with Muhannak, adds, “The new Smullen Series is a wonderful showcase for middle-distance horses that is sure to put the spotlight on these type of horses to help promote their breeding and retention in the training ranks.” 

Scandinavia

On Sunday 24th August, Øvrevoll racecourse stages its annual Norwegian Derby Day card which also features the 35th running of the Gp.3 Marit Sveaas’ Memorial and will a have a total purse of 1.200.000 NOK (approx. € 103,500), and 750.000 NOK (approx. € 64,700) to the winner. Travel concessions for horses trained outside of Scandinavia will be available.

This Gp.3 contest is one of the most valuable run in Europe over 1800m (1m1f) and is sponsored by Kistefos a Norwegian company who played a significant role in Norway's industrial history.

The Derby Day card also boasts two Listed races - The Polar Cup at 1370m ((6f185y) and the Lanwades Stud Stakes at 1600m (1m). The winning filly / mare of the latter race will be entitled to a complimentary nomination to a suitable Lanwades stallion for the 2026 breeding season.

Two races have been upgraded to Listed status in Sweden and Denmark, the Valley Chapel Memorial in July at Jagersro, 8.5f/1730m, for three-year-olds up, and the Zawawi Sprint at Klampenborg in August, 6f/1200m, for three-year-olds up. 

Italy

Milan has created the new Listed Premio Bimbi for two-year-old colts and geldings, over 6f/1200m, in June and the Gp.2 Derby Italiano in Rome has moved from mid-May to a national holiday, 2nd June. But the remainder of changes this season are far from good news for the Italian industry. At Milan, the Gp. 2 Gran Criterium, 7.5f/1500m for two-year-olds has been downgraded to Gp.3. The Gp.3 Premio Primi Passi 6f/1200m for two-year-olds is now Listed. And the Seregno, the Mario Incisa della Rocchetta, Nogara Memorial Mil Borromeo, Gran Premio d’Italia, and Merano all lose Listed status. Similarly in Rome, losing Listed status are the Conte Felice Scheibler, Rumon Memorial Daneile Porcu, Criterium di Pisa, and Piazza Dei Miracoli.

In a statement, the Associazione Nazionale Allevatori Cavalli (ANAC, Italian breeders’ association) insisted the defence of the Italian Black-Type races had been fought for “tooth and nail”. As a result, the Gp.2 Oaks d’Italia (11f/2200m) and now downgraded Gran Criterium, together with several other races issued with EPC warnings, have been given make-overs to attract better quality entries, with the comment from ANAC, “MASAF (Ministry of Agriculture) rightly puts in the money, our owners do their best by buying where and how they can... When the market in a country is reduced to the bare bones, it is the only lifeline. However, a change of gear is needed between payment of prizes, betting reform and revaluation of our breeding, which has too few [foals] born to be competitive in the rest of the world.”

Germany 

The initial closing for the 54th running of the Gp.2 Comer International Orleander-Rennen (Sunday 11th May) will have passed ahead of publication date. But trainers have an opportunity to make supplementary entries on Wednesday May 7th.

The winner of this race receives an all-fees paid invitation to the $250,000 (prize money paid to all horses) Gr.2 Belmont Gold Cup, Invitational  for 4yo+, 3200 metres (about 2 miles) on turf at Saratoga on June 6th 2025. 

The first, second and third placed horses are also entitled to a free entry in the Irish St. Leger, Gp.1, 2800 metres (about 1 mile and 6 furlongs) €500,000 (prize money paid down to eighth place) on September 14th, 2025 at The Curragh.

The winner of the 135th running of the Gp.1 Westminster Grosser Pries von Berlin on Sunday August 11th will receive an automatic entry to the Japan Cup, Gr.1, 2400m turf, on November 30th, 2025. The conditions for the Japan Cup, rules for travel allowances and the bonus programme can be found at www.japanracing.jp/en/japancup/jc/2025.

Losing Listed status are the Diana Trial 9f/1800m at Baden-Baden in early June and the Grosser Preis der Hannoverschen Volksbank 7f/1400m at the end of May at Hannover. This is worrying for the German industry, where already on the EPC watchlist are the Gp.1 Deutsches Derby, Gp.1 Preis der Diana and Gp.2 Mehl-Mülhens-Rennen (German 2000 Guineas). Two Listed sprints and the Gp.3 Goldene Peitsche 6f/1200m at Baden-Baden have been added to the watchlist this year. In an effort to rest the decline of the two Classics, the Deutsches Derby will be worth €390,000/£321,900 to the winner and the Preis der Diana worth a first prize of €300,000/£247,600.

Good news for the fillies, however, is that the Gp.2 German 1000 Guineas at Dusseldorf in May (supplementary Entry 9am 21st May €12,500/£9,900), with a value of €125,000/£103,270, is now a win-and-you’re-in race for Newmarket’s €333,000/£275,000 Gp.1 Falmouth Stakes 11th July. As well as picking up €70,000/£58,000, the winner of the German 1000 Guineas will receive an all-fees paid invitation to Newmarket.

Both the Listed 6f/1200m Hamburger Fliegerpreis and Listed 6f/1200m Hoppegartener Fliegerpreis will receive prize money boosts to bring the value of each race to €40,000/£33,000, while the Goldene Peitsche over the same distance will now be worth €70,000/£57,800. 

In a statement, Deutscher Galopp Managing Director Daniel Krüger said, “A strong sprint programme is of crucial importance for German racing and our breeding. Without targeted support, there is a risk of a gradual erosion of this segment, which would have negative long-term consequences for owners, trainers and breeders. With these measures, we are sending a clear signal that we are acting early to preserve these races and the diversity of our racing. I am particularly proud that we as an association are acting with foresight and setting the course for a stable future of the German sprint programme. Our commitment shows that we not only recognise problems but also move forward with well-thought-out concepts.”

Turkey

The Gp.3 International Istanbul Trophy, 8f/1600m at Veliefendi has been downgraded to Listed, having dropped off the international radar somewhat and attracted only domestic runners in recent years. 

New York Focus

With the re-opening of the historic Belmont Racetrack next year, 2026, it seems timely to look at the opportunities on offer to European runners at the New York tracks.

Belmont Park

The New York Racing Association (NYRA) will fully utilise the new all-weather Tapeta track at Belmont Park for future winter racing. Still under construction, it’s expected to be ready for re-opening in late 2026, when the one-mile (1600m) oval will become the exclusive winter racing surface on the NYRA circuit. While race dates for 2026-27 are still to be determined, NYRA anticipates approximately three months of racing exclusively on the all-weather surface. This reflects NYRA’s commitment to improving all aspects of winter racing at the new Belmont Park. Crucially, shifting from dirt to the all-weather in the winter months will enhance equine safety and provide additional opportunities for NYRA’s year-round horse population.

“At its core, our vision for the new Belmont Park is centred around modernising racing and training facilities in ways that will ensure the sport’s continued success and future growth,” says Dave O’Rourke, NYRA President and CEO. “NYRA has closely tracked the evolution and application of synthetic surfaces, and the relevant data unequivocally supports a shift to the all-weather surface during the winter months. Together with the renovated main track and two new turf courses, Belmont Park will provide a multitude of quality options for both training and racing throughout the year.”

Saratoga 

New York's Triple Crown week returns to Saratoga this year with the Belmont Stakes Racing Festival. The Gr.1 Belmont Stakes (12f/2400m), the final leg of the Triple Crown, will be run in June in Saratoga Springs. The Belmont Stakes Racing Festival runs from 4th to 8th June with the Belmont Stakes on Saturday 7th June. 

Saratoga has a new meeting for the summer with the addition of the July Fourth Racing Festival from 3rd to 6th July, kicking off the summer season. The traditional summer meet will open on Thursday 10th July, featuring 40 days of racing including Whitney Day and Travers Day, concluding on Labor Day weekend. The Jim Dandy Stakes date is yet to be announced, but is a traditional stepping stone to the Travers Stakes.

The Gr.1 Whitney Stakes, 9f/1800m, on 2nd August is one of the highlights of the Saratoga season, with a purse of $1m/€926,155/£776,186, attracting the top older horses, for four-year-olds up. The centrepiece, however, is the Gr.1 $1.25m/€1.16m/£970,233 Travers Stakes, 10f/2000m, 23rd August, attracting many of the horses that contested the Triple Crown earlier in the year, for three-year-olds only.

Churchill Downs 

In other North American news, Ascot, The Jockey Club and Churchill Downs have extended their Wild Card Initiative for American runners and European horses travelling to the States. Launched last year, it ties together Royal Ascot, The Derby Festival and the Kentucky Derby meeting at Churchill Downs in a commitment by all three parties to create links between historic races in the UK and high-profile, top quality turf races in the USA. The ultimate aim is to build the international profile of these races by increasing the number of runners travelling from the US to the UK and vice versa.

Continuing on from last year, a runner from each of the Edgewood Stakes for three-year-old fillies and the American Turf Stakes for three-year-old colts will receive an entry for The Oaks and Derby respectively. An invitation will also be offered to a runner from both races for Royal Ascot.

A runner from the Gr.2 Edgewood Stakes, 8f/1600m, $500,000/€463,135/£387,900, run on Kentucky Oaks Day, Friday 2nd May, will receive an entry and travel incentive for the Group 1 Coronation Stakes on the Friday of Royal Ascot, 20th June, as well as an invite to The Oaks on Friday 6th June.

Similarly, a runner from the Gr.1 American Turf Stakes, 8f/1600m, $1m/€926,155/£776,186, run on Kentucky Derby Day, Saturday 3rd May, will receive an entry and a travel incentive for the Group 1 St James’s Palace Stakes on the opening day of Royal Ascot, Tuesday 17th June, as well as an invite to The Derby on Saturday 7th June.

Those two races join the existing Gr.2 Twin Spires Turf Sprint Stakes, 5.5f/1100m, $500,000/€463,135/£387,900, and the Gr.1 Old Forester Bourbon Turf Classic Stakes, 9f/1800m $1m/€926,155/£776,186, both run on Kentucky Derby Day, which also provide Wild Card entry to Royal Ascot. The Twin Spires Turf Sprint Stakes links into the Group 1 King Charles III Stakes and the Old Forester Bourbon Turf Classic Stakes offers the option of either the Group 1 Queen Anne Stakes or the Group 1 Prince of Wales’s Stakes.

In return for the above incentives for USA-based runners, a runner from both the Group 1 Queen Anne Stakes, 8f/1600m, and the Group 1 Prince of Wales’s Stakes, 10f/2000m, receives an entry and a travel incentive to run in the Colonial Downs’ Gr.1 Arlington Million Stakes, 10f/2000m  $1m/€926,155/£776,186, in mid-August.

In addition, a runner from the Group 1 Falmouth Stakes, 8f/1600m, at Newmarket’s July Festival will also receive an entry and travel incentive to run in the Gr.2 Beverly D Stakes for three-year-olds and up fillies and mares, 1m 1.5f, $500,000/€463,135/£387,900 on the same day as the Colonial Downs Arlington Million.

Of particular note is the fact that, in the event that the winners aren’t able to take up their invite, racecourses may then also invite placed horses. The elimination procedures in these races will remain as they are now. Nick Smith, Director of Racing and Public Affairs at Ascot Racecourse, says, “We are delighted to extend this initiative to include the two Group 1 three-year-old races over a mile at Royal Ascot. In recent years we have seen top-class clashes between the Guineas winners from Britain, Ireland and France in the St James’s Palace and Coronation Stakes so if we could add the best of the American Classic generation over a mile on turf to those races as well that would be really exciting.

“We look forward to working with Churchill Downs and the UK Jockey Club on this exciting plan once again and hope to build on the recent growth in interest from American connections of having runners at Royal Ascot. Their participation always adds hugely to the meeting and, with NBC once again set to broadcast the whole week.”

Gary Palmisano, Vice President of Racing for Churchill Downs Incorporated, adds, “We are thrilled to continue and expand this partnership with Ascot and The Jockey Club. This partnership further strengthens the international connection between our historic race meets. Churchill Downs has long been committed to showcasing world-class racing and we look forward to hosting some of the world’s best turf horses over Kentucky Derby weekend.”

How Does the Regulatory Environment for Pool Betting Impact on the Financial Health of Horseracing Around the World?

Simon Bazalgette, the founding Chair of specialist management consultancy GVS EQ, and Martin Purbrick, a founding GVS EQ associate, take a canter around the world to see how betting regulation, and particularly pool betting, has a vital impact on the relative level of prize money, and therefore the financial health of the sport.

For the last century and beyond, Horseracing has had a symbiotic relationship with betting, and this remains the case in most countries – to a greater or lesser extent. As a result, the financial strength of each national horseracing industry depends on the way that betting is regulated and owned in that country. An understanding of a national regulatory structure for betting is vital for any understanding the wide variation of prize money in different countries.

Pool betting, also known as ‘Tote betting’ or ‘pari-mutuel betting’, has long been associated with horse racing. Tote betting was established in the 19th century and involves all the amounts bet combined in a pool, from which the operator takes a cut, then the odds are calculated based on the proportions wagered on each outcome. Totalisator odds are different to fixed odds in that they are not set until the race begins, no more bets are accepted and the total amount in the pool is finalised.

Tote operators were created to harness wagering to support the sustainability of racing, the welfare of horses, as well as employment for the large numbers of people involved in the sport around the world. Horse racing is a high cost and capital intensive sport to organise and operate, and requires considerable sustainable funding to survive. 

In markets with strong totes such as Japan, Hong Kong and France, racing generally does relatively well. In countries where other forms of betting have been licensed, racing can still do well if there is a fair balance of funding provided back to the sport from all types of betting. Australia would be a good example of this. In the US the position is rapidly changing from a pure racing tote market with the introduction of sports betting.

In the UK, the introduction of off course fixed odds betting in the early 1960s, with a relatively loose link to horseracing, has meant that British horseracing has lost pace with its fellow racing jurisdictions around the world when it comes to prize money and investment in the sport from the betting industry.

In South Africa and Australia there remains a mixed economy of fixed odds and pool betting. Australian racing has strong statutory support to ensure a meaningful percentage of betting revenues goes to horseracing ensures that prize money levels remain internationally competitive.

For many years there has been a steady but less than speedy process of the official totes connecting with each other to combine pools on racing – commonly known as commingling. There are several reasons for the slow progress, primarily the different bet types and conditions attached to similar bet types, but also the commingling technology (ITSP) which has been in place for more than 20 years but is still embedded in many heritage platforms. The most important development in commingling has been the World Pool, which is hosted by the Hong Kong Jockey Club. 

In addition to the main national or state totes, there are a number of private pool operators who offer access to the pools particularly for large international players who offer significant liquidity to the market.

Some countries, particularly the Gulf States, do not have licensed betting of any sort, and the sport relies mainly on the financial support of the state, the royal families and rich owners.

To a large degree, the level of funding available for horseracing is dependent on the level of support that national or state regulations provide, particularly with regard to funding from betting, and therefore any attempt to assume that success in one country can be used as a template for another should be treated with great caution.

Let’s take a high level look at what this means for the major racing jurisdictions.

France

The French pool betting market is around €9 billion annually, the profits from which are reinvested back into the sport. It is notable for its wide retail distribution through the vast network of over 20,000 tabacs (tobacco and convenience stores) in the country.

Pool betting in France is primarily controlled and run by the PMU despite attempts to open up the market over the last decade or so. The PMU returns all its benefits to the 66 French horse racing companies organising gallop and trotting races (France Galop and Le Trot), sustaining more than 60,000 direct and indirect jobs throughout France. 

In 2023, the PMU paid a total contribution of 835 million euros to France Galop and Le Trot. This financial contribution supported the operation of 233 racetracks and 26,000 horses in training.

Other types of betting operator have been licensed in France since 2010 but they remain heavily restricted and take only a very small share of the French horserace betting market.

Japan

The Japan Racing Association (JRA) is the custodian of horse racing and also tote betting at the national level. Pool betting on racing in Japan generated a betting turnover of over 2.5 trillion Yen (Euro 15 billion). The JRA is required to provide 10% of its gross betting turnover to the national treasury, as well as 50% of any surplus profits remaining at the end of the fiscal year. Three-quarters of the contribution must be used for improvement of livestock breeding and the JRA also contributes additional funds to horse breeding as well as the promotion of equestrian culture.

It is no coincidence that Japanese racing offers the largest pool of prize money in the world, given the JRA’s control of horserace betting in Japan under its vertically integrated sole licensed operator. Betting on other sports is also limited to only a small number of local sports such as bicycle, boat and motor racing.

The Japanese pool is restricted from commingling with other international pool operators, with only limited pilot trials having taken place to date. Typically this is driven by the presence of Japanese runners in overseas races, to allow Japanese punters to bet on these horses. When this does take place, it generally has a major impact because the level of Japanese betting will be significantly larger than the home pool.

Hong Kong

Hong Kong has vertically integrated racing and pool betting, operated by the Hong Kong Jockey Club (HKJC). It generates around HK$130 billion (€15 billion) in annual betting turnover, with the HKJC being the largest corporate taxpayer in Hong Kong, and operating one of the world’s largest and most active charitable trusts. All surplus funds after operating expenses are either reinvested in racing or passed to the HKJC Charities Trust.

Most recently, the HKJC has become the host of the most successful international pool betting initiative, the World Pool and involves a collaboration of over 25 racing jurisdictions allowing customers to bet into a single pool involving enormous liquidity. This enlarged liquidity ensures that there are less odds (price) variations in smaller betting markets and better value for all betting customers. In the 2023/24 racing season, there are 45 World Pool fixtures at racecourses around the world, and the number is likely to continue to grow.

By allowing international horseracing fans the ability to bet into one pool on the major group races around the world, it has created a significant additional betting revenue stream in other territories whereby, for example, racedays such as the Epsom Derby, Caulfield Cup and the Dubai World Cup benefit from the significant level of betting that can be generated. 

United States

In the US, betting is regulated at the state level and historically was limited to pari mutuel betting on horseracing.

Alongside this there were some examples of licensed casinos or slots which would usually be allowed only on racecourses or designated casino sites. Where a racecourse had such additional betting, it would significantly increase the level of prize money that racecourse could offer compared to other US racecourses.

The first Off Track Betting (OTB) service for horseracing was licensed in New York State in the 1970s, and rolled out in a number of states thereafter. These have been superseded by account deposit wagering services (ADWs). Horseracing remained the prime beneficiary of the OTBs and ADWs until in 2018 a Supreme Court ruling opened up the potential for states to licence fixed odds sports betting and almost 40 states have now done so to some extent.

US horserace pool betting is dominated by the two major racetrack groups - Churchill Downs (through its Twin Spires service) and the Stronach group (through their 1/ST and Xpressbet services). The two groups also own two of the major tote tech companies, United Tote (CD) and Amtote (1/ST). Churchill recently announced that NYRA (the racing operator in NY State) had completed its purchase of a 49% stake in United Tote.

Licensed betting on horseracing remains around $10 billion pa but betting on other sports has grown to over $90 billion pa.

United Kingdom

The UK has arguably the most competitive licensing environment for betting in the world. The UK Tote was created by Winston Churchill (a Jockey Club member) in 1926 as an independent body run for the good of racing; but unlike other countries, its betting monopoly was ended in the early 1960s with the creation of licensed fixed odds betting shops. Also unlike elsewhere, British horseracing was given no control over the off-course market, but instead a statutory levy was created to ensure that a small proportion of the profits from betting on horseracing was passed through to contribute to the financing of the sport.

Since that time, pool betting has had a declining share of the betting market and currently represents around 10%. The UK is dominated by fixed odds operators, and while British punters have the widest choice of competitive bets in the world, they also benefit from the highest return on bets in the world. This means that pool betting, with its higher take-out rates, struggles to match the pricing for fixed odds for simple bets, but is more competitive in so-called exotic bets, particularly the Place Pot.

The Levy is currently set at 10% of gross margin on betting on domestic horseracing, which, due to the highly competitive market and the low margins, is the equivalent of around 0.7% of betting turnover, amongst the lowest return from betting to horseracing in the world.

There have been various attempts to bring the Tote closer to racing, either through transferring its ownership to the sport, or through a preferential sale to racing, but these attempts have all failed. In 2011, the Tote was nationalised and then sold to the bookmaker group, Betfred, who sold it on to its current owners (which includes several large owners and breeders) in 2018. The UK Tote has had a commercial arrangement with the British racecourses (via their shared on-course betting company, Britbet) which is due for renewal in 2025.

Horserace betting remains at a significant level in the UK, c£5bn pa, second in Europe to France, but due to the difference to the regulatory structures, the amount transferred to the sport is significantly lower than in France.

Australia

Australia is arguably the best example of a mixed economy of pool and fixed odds betting, all of which provides significant funding back into horseracing. 

Each state and territory has its own regulatory authority for betting and racing. Betting is owned and run separately from the sport, and generates around €15 billion pa, which is pretty evenly split between pool betting and fixed odds.

Tabcorp Holdings, a public company, is the largest operator of pari-mutuel betting, running TAB-branded services across multiple states, and each state tends to have its own pool operator as well.

As in the UK betting operators are required to pay a proportion of their revenues to the sport, under what is known as Racing Fields regulations. The level required in Australia is significantly higher than the UK levy – typically between 1.5% and 3% of betting turnover - and allows Australian racing to offer prize money at the top end of international levels. 

Ireland

The betting market in Ireland has many similarities to the UK. Betting on horseracing is around €1.1bn to €1.3bn each year, with Tote Ireland representing a small proportion (6%-7%). Betting operators pay a government levy which is paid over to the horseracing industry via Horse Racing Ireland (HRI), usually between €80m - €100m pa. This funding supports the development and promotion of the industry, racecourse maintenance and annual prize money of around €65m pa.

South Africa

South Africa is a market with a mixed economy between the original pool operator (the SA Tote, owned by Phumelela, the largest racecourse group) and fixed odds operators. Phumelela has arrangements in place with the National Horseracing Authority of South Africa to support prize money and the promotion of SA racing in the country.

Pool betting on horseracing is around €400m pa and represents around two thirds of the market, with fixed odds operators growing fast.

Conclusion

The financial contributions to racing from totes are a critical part of the sustainability of racing, supporting a huge number of jobs in the sport. However, the regulatory and tax structure for pool betting varies considerably around the world.

Most countries will have started from a similar position of the tote being the only form of licensed betting as explained by Sir Winston Churchill: “I have always believed that it was a good thing for the State to organise the totalisator and take control of this form of betting in order to eliminate illegal practices and to ensure that a proper proportion of the proceeds went to public purposes.” 

The position in each country has diverged significantly over the last 100 years, and this means the impact on the funding for the sport is very different in each country. While there are areas of similarity, building greater collaboration between tote operators is a long road but one that can only benefit racing in the long term.

Have horse will travel - incentives to race in 2023

Article by Lissa Oliver

Fitness is one thing, but placing horses in suitable races to provide the best opportunity for them is quite possibly the trickiest part of a trainer’s role. It can be hard enough to search our own racing calendar for suitable races, and yet, delving further into international calendars could well pay dividends, if not in prize money then in adding valuable black type. Despite problems with travel, the racing world grows ever smaller, and it can certainly pay to shop around and look further afield. Many racecourses will offer travel incentives to encourage international participation, and the VIP experience for visiting owners will provide a lasting memory. 

France

Close to home and a regular destination for most European trainers, prize money in France rose to €278 million last year, up on 2021 by €30 million (+12%) and on 2019 by €20 million (7.75%). The 2023 France Galop budget includes a €10 million increase in prize money, with an objective to stimulate the number of young horses in training in France. 

As a result, 19 races at Parisian racecourses will see their total prize money raised to €50,000, paid out to the first seven finishers. The winner will earn €25,000, increased by 80% for two-year-olds if the winner is eligible for the owner's premium. The total sum of earnings to the winner could be €45,000. The selected 19 races take place throughout the year and include various distances. France Galop describes them as the most sought-after and competitive events for unraced horses in the French programme, with a consistent track record of producing a number of Group horses.

In the French provinces, two races for unraced horses have been selected to be included in this scheme. They are the Prix du Four à Chaux and the Prix Didier Vezia, which will be run in September at Bordeaux. Each race will offer a total prize money of €35,000; and the winner will earn €31,500 if eligible for the owner's premium. 

The increase in prize money has also been spread throughout maiden races, and races for unraced horses, across all of France. 

The new Arqana Series is also of interest to those racing in France - the sales company offering a series of races worth €1.2m (£1.06m), open only to the yearlings and foals offered at Arqana Sales in 2022 and the two-year-olds offered at the forthcoming Arqana May Breeze Up. The Arqana Series will consist of five races, for two-year-olds and three-year-olds (the latter run in 2024) on a Thursday evening during the prestigious Deauville meeting and on the Saturday of the Prix de l'Arc de Triomphe weekend. Each race of the Arqana Series will reward both owners and vendors.

The juvenile races at Deauville will be run over 1400m (7f) for unraced horses and 1200m (6f) conditions, with a 2000m (10f) race in 2024 for three-year-olds. At ParisLongchamp, the two-year-old race will be a conditions race over 1600m (8f).

Of course, all races in France already carry a lucrative system of owners’ premiums on top of prize money. Two-year-olds and three-year-olds win an additional 80%, four and five-year-olds win an additional 55%, and six-year-olds and up receive an additional 45%. An additional 35% is paid to winners of Gp.1 races, whatever their age.

Germany

Deutsches Derby

Germany is still not yet back to the level of pre-Covid 2019, but significantly more prize money and bonuses were paid out in 2022 than in 2021 [€12.39m (£10.95m)], which will rise to €13m (£11.47m) in 2023. An increase of €2.15m (£1.90m) was recorded in prize money, and the average race value is higher than in previous years at €12,039/£10,651. The Deutsches Derby 2023 will be worth €650,000/£574,967, the Preis der Diana €500,000/£442,290, and the Grosser Preis von Baden worth €400,000/£ 353,985.

At smaller German tracks, the Harzburg meeting, 22–30 July, has significantly increased prize money for 2023, and the showcase handicaps carry €17,500/£15,475. The highlight of the meeting is the BBAG Auction Race worth €37,000/£32,683. "We want to support basic racing in particular," explains Racing Club President Stephan Ahrens, "because the costs of keeping horses have risen enormously. That is why we have increased the race values by up to 25%.” 

Scandinavia

Further afield for some, the full potential of Scandinavia has yet to be tapped, particularly the prize money on offer at Bro Park in Sweden. Bro Park covers 500 acres and has permanent stabling and training facilities, able to accommodate a further 100 horses on race days. The facilities provide the best possible environment for horses and those working with them. It is just over 30 minutes from the centre of Stockholm by car and a similar distance from Arlanda Airport.

Bro Park

Foreign raiders might be tempted by Sweden’s major race, the 2400m (12f) Gr3 Stockholm Cup for three-year-olds and up, at Bro Park on Sunday, 17 September—worth €125,825/£111,103. Earlier, on 11 June at Bro Park is the Gp.3 Stockholm Stora Pris, 1750m (8 1/2f) for three-year-olds and up— worth €89,882/£79,357. The Stockholm Cup card includes Sweden's most important two-year-old race, the 1400m (7f) Appel Au Maitre Svealandlöpning—worth €23,108/£20,424—and won by British trainer Archie Watson last year, who completed a double on the day.

On dirt, for three-year-olds and up, Jägersro hosts the 1750m (8 1/2f) Listed Pramms Memorial—worth €89,882/£79,357—21 May; the 2400m (12f) Svensk Derby—worth €223,869/£197,629,—16 July; and the €71,925/£63,509 Zawawi Cup over 1200m (6f), 16 July. Both Bro Park and Jägersro offer plenty of other opportunities at distances of 1200m (6f) up to 2400m (12f) with values ranging from €26,971/£23,809 up to €59,339/£52,386. 

In Norway, the 2400m (12f) Norsk Derby at Ovrevoll 20 August has a total value of €108,662/£96,067; and the 2400m (12f) Gp.3 Oslo Cup 15 June is worth €23,721/£20,973 to the winner. On 21 August, the Gp.3 Marit Sveaas Minnelop is run at Ovrevoll over 1800m (9f), carrying a first prize of €66,406/£58,724.

Let’s not forget Denmark, where the Gp.3 Scandinavian Open Championship for three-year-olds and up, over 2400m (12f) at Klampenborg on 27 May, is worth €57,545/£50,903, and a first prize of €31,967/£28,280. 

Spain

While there may not be high levels of prize money to chase on a regular basis in Spain, it is worth noting the major prizes in the Spanish calendar. The Listed Gran Premio de Madrid over 2500m (12 1/2f) at the end of June, for three-year-olds and up, is the major summer highlight, worth €68,000/£60,068 (€40,000/£35,330 to the winner; €16,000/£14,132 to the second; €8,000/£7,065 to the third; and €4,000/£3,532 to the fourth). 

In 2023, it will be run on Saturday, 24 June and is supported on the card by the Premio Baldoria for three-year-olds and older fillies and mares: over 1600m (8f), worth €15,000/£13,247 to the winner; €6,000/£5,299 to the second; €3,000/£2,649 to the third; and €1,500/£1,324 to the fourth.

August at San Sebastián sees the 1500m (7 1/2f) Premio Santander Cup (Criterium International) for two-year-olds, with prize money of €40,800/£36,018. The €59,500/£52,532 Gran Premio Copa De Oro De San Sebastián, over 2400m for three-year-olds and up, is the meeting highlight, worth €35,000/£30,900 to the winner; in addition to an impressive gold cup, €14,000/£12,360 goes to the second, €7,000/£6,180 to the third and €3,500/£3,090 to the fourth. On the supporting card is the Gran Premio Turismo Gobierno Vasco, 1600m (8f) for three-year-olds and up with a total prize of €40,800/£36,018. 

On Sunday, 15 October, the highlight of the Spanish season will be Champions Day, with a card that includes the Gran Premio Memorial Duque de Toledo over 2400m (12f) for three-year-olds and up, with a value of €68,000/£60,068 (€40,000/£35,330 to the winner, €16,000/£14,132 to the second, €8,000/£7,065 to the third and €4,000/£3,532 to the fourth). Also run on the day is the Gran Premio Ruban over 1200m (6f) worth €40,800/£36,018, with the winner taking home €24,000/£21,191, down to €2,400/£2,119 for fourth. A strong supporting card boasts lucrative added premiums of €5,000 for Spanish-breds.

Belgium

There are also opportunities for an average rated horse closer to home for some, in Belgium. As in Spain, the prize money might not be eye-catching, but neither is the competitiveness in comparison to similar races at home. The showpiece is the Prix Prince Rose, a National Listed Race over 2100m (10 1/2f) run at Ostend on Monday, 7 August with total prize money of €12,800/£11,304, with €8,000/£7,065 to the winner. The Prix Prince Rose is open to three-year-olds and older who have never been placed in the first five of a Pattern race. 
Ostend also hosts three interesting conditions races in July and August: the Miler Cup, 1600m (8f); the Prijs Half Oogst and BFG Galop, 1800m (9f); and the Prijs BFG and Nymphenburger, 2200m (11f)—each with a total prize money of €8,000/£7,065, with €5,000/£4,416 for the winner. They are for four-year-olds and older without a handicap value or a value equal or lower than 30kg (66 lbs). Penalties for prize money received for wins and places since 1 July 2023 are 1kg per €1,000. There is also the UAE Sprint Cup Handicap over 1000m (5f) in August for four-year-olds and older with a handicap value equal or lower than 30kg (66 lbs). See the complete list of races and conditions here: www.bgalopf.be/Meetings.htm

Britain

In Britain, the BHA, Darley and Juddmonte have come together to sponsor a high-value developmental races series of 60 races, also supported in funding by host racecourses, offering increased prize money to horses at the start of their career. As with the French developmental programme, the hope is that they will be retained to race in Britain going forward. The BHA hopes to expand on the idea of increasing the values of Flat maidens and novice races in 2024 and long-term. 

There will be 20 two-year-old restricted maiden and novice races worth €33,975/£30,000, supported by Juddmonte; 21 two-year-old open maiden and novice races worth €33,975/£30,000, supported by the BHA Development Fund; and 22 three-year-old and up open maiden and novice races worth €33,975–€56,626 (£30,000–£50,000), supported by Darley and the BHA Development Fund. The €56,626/£50,000 races will be run over longer distances to support middle-distance and staying horses.

Elsewhere in Britain, Newbury, having been infamously boycotted by trainers for one of its flat races last year, will see a 16% prize money increase this year, taking overall levels at the track to just over €6.79m/£6m. Newbury will host six novice and maiden races during the Flat season with prize money of €33,975 up to €56,626 (£30,000–£50,000).

The Racing League also returns for 2023, in which seven teams compete in 42 races over six meetings for over €2.2m/£2m prize money. The meetings for 2023 are Yarmouth 27 July, Chepstow 10 August, Windsor 17 August, Newcastle 31 August, Wolverhampton 7 September and Southwell 13 September. All races are handicaps with a range of ratings bands and distances, with normal BHA distribution for race prize money.

As with Arqana, British racing is boosted by the sponsorship of sales company Tattersalls, targeting yearlings purchased at the Tattersalls Somerville Yearling Sale, who will be eligible for the 1200m (6f) €112,826/£100,000 Tattersalls Somerville Auction Stakes run at Newmarket 26 August, as well as the 1200m (6f) €169,242/£150,000 Tattersalls October Auction Stakes, Newmarket 5 October.

Charlie Appleby-trained Regal Honour broke his maiden in the 2022 Stephen Rowley Remembered Novice Stakes at Newmarket to collect the 312th £20,000 Tattersalls October Book 1 Bonus.

The Goffs UK Harry Beeby Premier Yearling Stakes, 1200m (6f) on 24 August at York carries a guaranteed minimum value of €394,092/£350,000, for two-years-olds sold at the 2022 Doncaster Premier Yearling Sale.

Tattersalls also offer the €22,684/£20,000 Tattersalls October Book 1 Bonus Scheme for 2023. Participating owners will receive a €22,684/£20,000 bonus if their 2022 October Book 1 purchase wins a Class 2, 3 or 4 two-year-old maiden or novice race in Britain between 1 April and 11 November 2023, or any 'Open' two-year-old maiden run in Ireland between 25 March and 5 November 2023. The cost to enter the €22,684/£20,000 Tattersalls October ‘Book 1 Bonus’ Scheme is €1,928/£1,700, and there are over 300 qualifying British and Irish two-year-old maiden and novice races. All yearlings sold, bought in or failing to meet their reserve at Book 1 of the 2022 Tattersalls October Yearling Sale are eligible.

Ireland 

Tattersalls are also major sponsors in Ireland, with the Tattersalls Ireland Super Auction Sale Stakes of €300,000/£265,889, worth €150,000/£132,942 to the winner and prize money of at least €5,000/£4,431 down to 10th. Over 1200m (6f) at the Curragh, it is of course limited to those yearlings sold at the Tattersalls Ireland September Yearling Sale and the Tattersalls Ireland Sapphire Sale in November 2022.

Tattersalls also continues to support the first two Irish Classics and Gp.1 Tattersalls Gold, as well as enhanced owners’ and trainers’ facilities at the Curragh. The Irish 1000 Guineas and Irish 2000 Guineas will each have prize money of €500,000/£443,081, while the Tattersalls Gold Cup will increase in value to €450,000/£398,754.

Goffs also continue to be major sponsors in Ireland, supporting premier National Hunt and Flat races. The Goffs Sportsman Challenge Day at Naas, 14 September 2023, will be a mid-week all juvenile card featuring the 1200m (6f) €100,000/£88,653 Goffs Sportsman’s Challenge, a two-year-old race exclusive to yearlings purchased at the Goffs Sportsman’s Sale. Prize money also goes to the first 10 finishers.

Europe’s richest two-year-old race, the 1400m (7f) Goffs Million, run at the Curragh 23 September 2023, is for graduates of the Goffs Orby Sale (2022)  and is worth €500,000/£443,081 to the winner, down to €10,000/£8,869 for 10th.

Horse Racing Ireland (HRI) saw a number of restorations to prize money levels last year and an increase in funding for the IRE Incentive Scheme for breeders, which grew from €1.1m (£0.97m) paid out in 2021 as vouchers to be spent on Irish-bred horses at Irish sales, to €1.3m (£1.14m) last year. It will again provide €1.3m (£1.14m) in vouchers for 2023.

HRI’s commitment to ensuring the quality of racing is also extended to grassroots level, with a targeted increase of €1.7m (£1.5m) to prize money levels, bringing 2023 to €68.6m (+2.5%) (£60.58m).

“Prize money is a key enabler in building and maintaining the number of quality horses in training in Ireland,” says Suzanne Eade, chief executive of HRI. “Approximately 70% of horses competing [in Ireland] receive some prize money, so it is important that we prioritise its growth…in order to sustain the significant rural jobs created by the industry.” 

European Breeders’ Fund

Throughout Europe, the European Breeders Fund (EBF), with national representation in Britain, Ireland, France, Germany, Italy and Switzerland, continues to be one of the largest sponsors of races. Only the progeny of EBF registered stallions and horses nominated to the EBF can enter these races, but of course they are free to run in any EBF race throughout Europe.

The European Breeders’ Fund celebrates its 40 th year of operation in 2023 and in that time has contributed over €130m to prize money throughout Europe. The emphasis is on the two-year-old programme and fillies races, and there are valuable opportunities to be found. The EBF regularly reviews where the funds are best directed and is a vital support to both racing and bloodstock industries.

Highlights of the EBF support in 2023:

Irish EBF Ballyhane Stakes €200,000 minimum at Naas, August

British EBF 2yo series £100,000 finals at Goodwood and York, September and October

Criterium FEE €130,000 Deauville, August

Italy is recovering from difficult times and this season there will be four EBF-sponsored races with an added €2,000/£1,766 to the winner if EBF qualified.

In France, the EBF (FEE) will pay out over €1m into prize money, with over €200,000 in premiums for fillies Listed Races, and over €500,000 for two and three-year-old maidens, debutants and conditions races in both Paris and the regions.

The British EBF will in 2023 invest around €2.27m (£2m) for both Flat and National Hunt and the Irish EBF current investment has increased from €2.6m (£2.25m) to €2.7m (£2.38m), making Irish Stallion Farms EBF the largest sponsor of racing in Ireland. This year all Listed Fillies races in Ireland will be sponsored by Irish EBF and will run for a minimum of €50,000/£44,000 and all other Listed races will run for a minimum of €40,000/£35,000. Highlights include the 26-race Median Sires Series, each worth a minimum €25,000/£22,000, for horses by a sire with a median fee of €75,000/£66,045 or less. The €200,000/£177,506 Irish EBF Ballyhane Stakes has the same conditions and is the showcase, run over 1000m (5f) at Naas 7 August. The 24-race Irish EBF Auction Series for two-year-olds worth a minimum €20,000/£17,750 each has two finals, worth €120,000/£10,5672. Horses must have been bought at auction for €72,000/£63,403 or less.

*Euros converted to sterling at XE rate 03/03/2023

Brexit remains the heaviest cloud on the horizon

By Lissa Oliver

This is now the third update on Brexit we have carried and we could easily reprint the first, from March 2018; so little has changed or moved forward. Alarmingly, the bleak 2018 predictions from those involved at the highest level have come to bear, yet Britain and the EU have appeared to turn a blind eye to the prospect of a no-deal Brexit until the last possible moment. While we look at the current views and contingency plans of individual countries most affected, it is clear that their problems are shared by all, and a common thread runs throughout.

EEA nationals and UK nationals

We all need to be aware of how Brexit will affect our freedom of movement and right to live and work throughout Europe and the UK. Any EEA national with five years continuous residence in the UK can apply for Permanent Residence to protect them from future legislative changes. Applicants must have been resident and in employment, or self-employment, for five years; and it is recommended to apply before the official date of Brexit.

There are strong indications that the current Common Travel Area of the UK and Ireland is likely to remain, to enable Irish nationals to move freely and work in the UK, but this remains unconfirmed; and it is recommended that Irish nationals living and working in the UK apply for Permanent Residence.

The EU has yet to decide how UK nationals living and working in the EEA will be treated. They may qualify for Permanent Residence in the applicable country and are advised to make an application prior to the UK’s withdrawal from Europe.

France

Edouard Philippe

The economy of the French equine sector is driven by horseracing, sports and leisure, work, and horse meat production. While the sports and recreation sector is responsible for the majority of horses (68%), horseracing has the largest economic impact and financial flow (90%), for only 18% of the horse population, and will be the most affected by Brexit. 

The start of the year found France preparing for a disaster scenario, and the view hasn’t softened. Prime Minister Édouard Philippe has told press,

“The hypothesis of a Brexit without agreement is less and less improbable. Our responsibility is to ensure that our country is ready and to protect the interests of our fellow citizens.”

In January he initiated a no-deal Brexit plan prepared in April 2018. Philippe’s priority is to protect French expatriate employees and the British living in France in anticipation of the restoration of border control. 

Fishing is considered the business sector most at risk, but Philippe has also looked to protect the thoroughbred industry with a €50m investment in ports and airports, where 700 customs officers, veterinary controllers and other state agents have been added—in the hope of avoiding administrative delays. He told press,

“It will be necessary that there are again controls in Calais.” 

Dr Paul-Marie Gadot, France Galop, is also working to avoid delays at the border posts. "The political negotiation is still going on, as you know, and as long as it lasts we will not get agreement on the movement of horses. We have prepared for two years, with our Irish and English counterparts, a technical solution—the High Health Horse status—which would allow thoroughbreds and the horses of the Fédération Equestre Internationale to benefit from a lighter control. 

“This organisational scheme was presented to the Irish, UK and French Ministries of Agriculture, and we received their support. It was also introduced to the International Office of Epizootics, which is WHO for animals, and it was very favourably received. We have presented it to the European Commission, but we are not getting a favourable answer at this time.

“In the absence of agreement, border control will be put in place. This means for the public authorities and the European Commission the implementation of ‘Border Inspection Posts’ with the ability to process movements. Our departments are very aware that this situation will be very difficult to manage without endangering the economic activity and the well-being of horses. We are working on palliative solutions, but I strongly fear that the situation is unmanageable.”

Gadot points out there are 25,000 horse movements per year between Ireland, the UK and France, and any hindering of these movements would be a blow to international racing and participation and to the breeding industry. Any challenge to the current freedom of movement could also threaten sales companies such as Arqana, where Irish and British-bred horses are catalogued, and Irish and British buyers are active.

Germany

The Haile Institute for Economic Research reveals that a hard Brexit will hit employment in Germany the hardest, with an estimated loss of 102,900 jobs; although that is just 0.24% of the country’s total employment figure. With its thoroughbred industry barely figuring in any economic impact, it is little wonder that Germany’s sport-related concerns focus on football. But the issues facing Britain’s Premiership are similar to racing’s problems and also heavily tied to Ireland. 

Currently, as per EU law, Britain’s Premier League clubs are allowed to have as many EU players in a team as they wish, but a minimum of eight players in a 25-player team must be British. Elsewhere, Portugal limits non-EU players to just three per top flight team, with none allowed in the lower leagues. Italy also has restrictive rules on the purchase of non-EU players. If German football managers are concerned by the effect Brexit will have on the transfer market, how worried should British trainers be at the prospect of similarly curtailed recruitment?

And the concerns of German trainers? These are not being highlighted by the general press or by the government, but German racing and breeding are fairly self-contained and self-sufficient. How many British and Irish-bred horses are catalogued at the BBAG, however, and what percentage sell to Britain and Ireland? Ireland may still be in the EU, but its landbridge will not be come October.

At the 2019 BBAG Yearling Sale, five British-bred yearlings were catalogued and 18 Irish-bred—four of which were offered by an Irish agent. The top five lots at the 2018 sale were purchased by Godolphin, Peter and Ross Doyle Bloodstock and Meridian Bloodstock; and the sixth highest-priced yearling was foaled in the UK, as was the ninth in the listings. Fetching €110,000 and €100,000 further down the list were two Irish-foaled colts, both bought by German agents. The marketplace is cosmopolitan, and no market can afford to lose two supplier links or two buyer links.

Sweden

Swedish trade minister Ann Linde warns that a no-deal Brexit could have major implications for the country, which has a prosperous trading relationship with Britain. “The big companies have the possibility to analyse what is happening and prepare themselves, but there are too many small and medium-sized companies which have not fully prepared,” she points out. The Swedish National Board of Trade has sent out checklists to companies to work through to understand the consequences of a no-deal Brexit. 

Linde is also concerned for the futures of 100,000 Swedes living in Britain and 30,000 Britons living in Sweden. Hans Dahlgren, the Secretary of State for Exiting the EU, fears it is unclear how the new British government will treat EU citizens who want to move to the UK for work after 31 October.

"The previous British government had made some openings for people coming to the UK after Brexit, and those statements have not yet been endorsed by the new government," he said.  

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Christophe Ferland - A man with a plan

First published in European Trainer issue 58 - July - September 2017

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When Christophe Ferland is talking to you, you have his full attention. 

He might need to break off the interview for a few moments to deal with something at the yard or on the phone, or to look at a horse, but he will resume exactly where he stopped, without missing a beat. Is this ability to concentrate 100% on what he is doing one of the ingredients in the recipe for the success of French Flat racing’s rising star?

With a jockey-turned-head-lad for a father, Ferland cannot remember the first time he saw a horse. “But I do remember going racing with my father, although he was no longer a jockey at the time, and loving it!” he says now.

So, after a few years riding out in the morning for several renowned trainers including David Smaga and starting in a dozen races as a gentleman rider “without much success or passion, as I really lacked competitive spirit at the time,” he decided that training really captivated him. His mind was made up: he would be a trainer.'

“You have to keep searching – why something went wrong and how to correct it, what could still be improved even when things go well... Never take anything for granted.”

GALLERY

Prize Money - A fair distribution?

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The French Model - Keeping ahead of the racing game

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(European Trainer - issue 33 - Spring 2011) 

Richard Gibson - leading French based racehorse trainer in profile

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(European Trainer - issue 27 - Autumn 2009)