Racecourse Media Group, the umbrella organisation for the 34 racecourses that hold an interest in Racing UK, GBI Racing and Racecourse Data Company, generated £85.5-million for those 34 racecourses in 2016. That marks a 6% increase from 2015.
Simon Ellen, RMG Chairman, said, “The highlight of 2016 has been the strong growth in performance for our businesses with a significant step up from the performance recorded in 2015. This has resulted in an increase to £85.5-million in the licence fees and dividends payable to racecourses. The combined effect of strong performances from our LBO, streaming and international businesses has demonstrated, yet again, the benefits of aggregation for our shareholders.”
He added, “The increase in licence fees was important in enabling our courses to maintain a progressive policy
in expanding prize money in a difficult Levy environment. The 34 RMG racecourses' executive and sponsorship contribution to prize-money rose by £3.3-million in 2016.”
Leicester, Stratford and Taunton Racecourses will join the RMG in 2017, bringing the number of racecourses to 37.
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