BHA welcomes Government funding package for coronavirus-affected sports
Up to £40 million of loans will be made available to British racing.
British Horseracing Authority chief executive Nick Rust has welcomed the Government’s announcement that up to GBP 40 million will be made available to racecourses to help them weather the continuing hardship of behind-closed-doors racing. Plans for a combined GBP 300m cash injection for 11 sports severely affected by the coronavirus pandemic were unveiled by the Department of Digital, Culture, Media and Sport, with racing second to only rugby union in terms of the support it will receive. Racing has been staged without spectators since it resumed on June 1, barring two crowd pilot events at Doncaster and Warwick in September, with racecourses warning of dire consequences if the sport continues to operate without racegoers.Losses were estimated at a further GBP 70m and the Government has recognised that plea in its Sport Winter Survival Package, providing the support, which will largely be in the form of loans, to help racecourses. Rust said: “The support for racing recognises the sport’s position as the second biggest spectator sport in the UK and the financial peril faced by the tens of thousands who depend upon racing for their livelihoods.
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