British Racing: A Call for Reform
British racing is facing a deepening crisis, with declining foal crops, thinning crowds, and weakening betting trends. The proposed "Racing Tax" would only exacerbate the situation.
According to former jockey and global equity analyst Richard Killoran, the sport's current trajectory is unsustainable. Despite strength at the top end, weaknesses across the rest of the sport cannot be ignored.
The sport needs change.
Defining Success in British Racing
The definition of success in British racing varies depending on the stakeholder. Some may view it as growth in betting turnover, while others see it as higher prize-money or stronger television audiences.
- Growth in betting turnover
- Higher prize-money
- Fuller grandstands
- Stronger television audiences
In a healthy system, a competitive product should lift betting volumes, fill the stands, and strengthen media-rights income.
Author's summary: British racing needs bold reform to avoid failure.
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