Commissions retained by British racecourses on the sale of any winning horse sold through the post-race auction of a selling race will be capped at 10% of the sale price from Oct. 1. Currently, commissions charged vary by racecourse and can be anything up to 50% above the minimum bid. The commission was reduced by the British Horseracing Authority to encourage horse people to run horses in selling races.
Paul Johnson, Head of Racing for the BHA, said, “Having once been a popular race type, in recent years we have seen a decline in the attractiveness of sellers. We hope that these steps will go some way to revitalising sellers and make them a more appealing proposition for racecourses to stage as an alternative to handicaps.”
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