|Tuesday, June 09, 2009|
|Record profit Jockey Club|
According to UK newspaper the Guardian, The Jockey Club, who owns and manages 14 racecourses in the UK, announced yesterday a record operating profit of £18.8 million at its courses in 2008.
The figure is up from £10.9 million in 2007. The Jockey Club emphasized that it is in a better position to increase profits after it handed over its regulatory function of the sport to the British Horseracing Authority in 2006.
The Jockey Club intends to re-invest its profits back into the sport.
Although profits were up, attendances declined from 1.83 million in 2007 to 1.78 million in 2008, despite an increase in fixtures.