prize money reduction

The minimum prize money amounts allowed under the Rules of Racing for the first 10 weeks of British racing have been published, the British Horseracing Authority announced on Thursday. After a £15.7 million contribution from the Horserace Betting Levy Board (HBLB), racing's leaders have agreed to minimum values which will exceed, on average, 80% of the previously permitted minimum levels, with an emphasis of supporting prize money levels at the middle and grassroots level of the sport to retain as many owners and horses-in-training as possible. Group 1 Flat races...