british racing

[the galah]

i was reading an interesting article on the state of british racing this week.

I don't know how to post it but it was"foreign buyers bet big  on british horses as domestic racing declines"

it seems over there they also have a proposed increase in tax rate on sports betting(including racing) to worry about which is currently being considered by parliament. The government has propsoed it go to the same rate as on line casno's,from 15% to 21 %. that would be a major blow if it happens and with all the rules and regulations around betting agencies keeping an eye on punters spending and credit ratings and the like,the bad news seems to be piling up in recent times. 

the article also really saying its the foreigners with all the money who are propping up the industry more for prestige,as stakemoney in britain is not looking good in comparison to elsewhere.

foreign buyers and owners still willing to pay top $ but not the numbers going to british owners anymore.

interestingly it says the number of foals being born has fallen by a quarter since 2022. Horses in training down 8% since 2020 and betting revenue down 6.8% last year when compared to the year prior.

Edited 8 hours ago by the galah

[The Centaur]

A few good things with UK racing bad many terrible.

1. Far too many bookmakers. A bookmaker is pre historic. RACING DOES NOT NEED BOOKMAKERS. With modern technology the bookmaker is obsolete. Good Bye. Good Riddance.

2 Pathetic information to the public. Often a presenter the only information is the trainers previous record in a race or cheek pieces are on. Pathetic. 

3. Jumps racing needs to be downsized. 

[hesi]

1 hour ago, the galah said:

i was reading an interesting article on the state of british racing this week.

I don't know how to post it but it was"foreign buyers bet big  on british horses as domestic racing declines"

it seems over there they also have a proposed increase in tax rate on sports betting(including racing) to worry about which is currently being considered by parliament. The government has propsoed it go to the same rate as on line casno's,from 15% to 21 %. that would be a major blow if it happens and with all the rules and regulations around betting agencies keeping an eye on punters spending and credit ratings and the like,the bad news seems to be piling up in recent times. 

the article also really saying its the foreigners with all the money who are propping up the industry more for prestige,as stakemoney in britain is not looking good in comparison to elsewhere.

foreign buyers and owners still willing to pay top $ but not the numbers going to british owners anymore.

interestingly it says the number of foals being born has fallen by a quarter since 2022. Horses in training down 8% since 2020 and betting revenue down 6.8% last year when compared to the year prior.

It is in the Financial Times, but behind a paywall

[curious]

https://www.ft.com/content/34411293-2dc0-40a9-9907-73ea4262d602