The NHF @Southwell_Races yesterday was worth 25% more than the same race in 2016. Over the same period the minimum wage cost for 21-25yo’s has risen by 83% and the cost of feed by approx 65%. These are core costs for trainers but don’t forget ERNIC, energy etc which have also risen exponentially. To an extent this is reflected in increased fees but poor returns is why Owner base is shrinking followed by the Training & Breeding industries. Over the same time period the total income from the betting industry to racing (levy, media rights and sponsorship) is estimated to have risen from £220m to £425m ( £205m). Total prize money in 2016 was £137.6m and in 2025 was £195m ( £57.4m). Surely Prize Money should have risen in line with income from bookmakers? The reality appears to be a shortfall of approx £150m which is why participants feel shortchanged and are wondering where all the money is going? (Figures not guaranteed to be 100% accurate but they tell the story of why we are where we are)

Looking forward to seeing Miss Nightcap @NewburyRacing today, hoping to build on her 2nd at Windsor LTO and a bonus to meet up with fellow owners for lunch. What's not to enjoy.

Busy Monday!!

Brilliant two days racing 2 x Winners 3rd 5th Trips to Bath & Nottingham Winners Wolves & Weatherby Great time to be an owner #KingsdownRacingClub Passing Thought @edwalkerracing Glint of Light @esoracing @NBradleyRacing No Knee Never @JPOwenRacing Artista @OllieSangster