Jump to content
NOTICE TO BOAY'ers: Major Update Coming ×
Bit Of A Yarn

Cash Injection For Listed And Group 3 Races In HRI’s Budget For 2025


Wandering Eyes

Recommended Posts

  • Journalists

Prize-money for Listed and Group 3 races will return to pre-Covid levels in 2025 as Horse Racing Ireland announced details of the budget for the new year on Friday. The total prize-money budget for 2025 is €70.9m, up €1m on the overall prize-money that will be paid out in 2024.

On the Flat, Listed races will see an increased minimum from €37,500 to €45,000 (+20%), while Group 3 races will see a rise from €50,000 to €60,000 (+20%). This sees Listed and Group 3 races return to their pre-covid, 2019 minimum levels.

The 2025 budget will also see investment in key strategic areas within HRI's capital allocation. Equine and people welfare are being prioritised through the planned redevelopment of the Irish Equine Centre in Kill and the People Campus at RACE in Kildare, while the spring of 2025 will see the start of the all-weather track project at Tipperary, subject to government approval.

Sustainability initiatives and digital transformation were also put forward as important areas which are also being resourced in line with the priorities identified in HRI's Strategic Plan.

Suzanne Eade, Chief Executive of Horse Racing Ireland, said, “Resources have been allocated in budget 2025 to deliver against the three key goals as outlined in HRI's strategic plan and its aim to protect, strengthen and sustain our global leading industry. 

“In order to provide consistent and responsible care of our people, horses and our environment there has been targeted and enhanced expenditure across equuip, integrity, welfare, and sustainability in both activity and capital related costs. Inspiring and attracting future participation both nationally and internationally has been addressed through continued support of the IRE Incentive Scheme for breeders, marketing and communication campaigns targeting engagement, growing interest in our sport coupled with a further focus on attracting racegoers to Flat racing, as well as continued investment into technology.”

She added, “Our third goal is to nurture success at all levels throughout the industry. Budget 2025 has significant capital investment set aside for the first phase of our dedicated people campus which sees HRI and the Irish Injured Jockeys develop a high-performance unit and rehabilitation facilities to support the mental and physical wellbeing of industry participants.   

“Further investment into our racecourse facilities including the Tipperary all-weather development is also priority for 2025. HRI have consulted with key stakeholders in determining both prize money strategy and funding the handicap band changes for 2025 including optimising the impact of racecourse contributions to prize money. These changes are seen as crucial to the attraction of inward investment into Irish racing, the widening of the ownership base, and the retention of both owners and horses.”

avw.php?zoneid=45&cb=67700179&n=af62659d

The post Cash Injection For Listed And Group 3 Races In HRI’s Budget For 2025 appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...