9 October 2013 – Racing Post
THE British Horseracing Authority and Arena Racing Company on Wednesday agreed terms with regard to Arc’s contribution to prize-money for 2014, clearing the way for a £1 million Good Friday fixture at Arc-owned Lingfield.
Arc has made a commitment that, subject to certain terms agreed with the BHA, will see them contribute £11.3 million towards prize-money in 2014, an increase of £2.2 million, in a one-year agreement.
Paul Bittar, chief executive of the BHA, said: “I am pleased that we have been able to agree terms with Arc, although it is unfortunate that Arc felt unable to sign up to the three-year prize-money agreement developed by the Horsemen’s Group and BHA.
“We welcome Arc’s ambitious plans for staging this valuable fixture at Lingfield Park and, together with Great British Racing, we look forward to working with them to make the day a success for racing from all perspectives.”
Last week, in the wake of nearly half of Britain’s racecourses signing prize-money agreements with the Horsemen’s Group and the BHA, the BHA announced that it would delay full publication of the 2014 fixture list to allow more racecourses to sign up.
The BHA added that whether racecourses had or had not made a specific commitment to prize-money would have an influence on the allocation of the outstanding fixtures controlled by the BHA.
Tony Kelly, managing director of Arc, said: “We are pleased to confirm our on-going commitment to prize-money in a deal which brings benefits to the Horsemen, the BHA and ourselves. Arc’s contribution to prize-money rose by 18 per cent in 2013 and will increase by a further 24 per cent in 2014.
“The terms of our agreement with the BHA means we can plan ahead for 2014 with much greater certainty. We have exciting plans for the all-weather programme and the clarity we now have with regard to fixture numbers will enable us to fulfil our commitments to increasing prize-money.”
Following the BHA’s decision to delay signing off the full fixture list, 17 further courses have signed prize-money agreements or made specific commitments to their prize-money contribution.