The British Jockey Club, the British horse racing organisation which is famous for hosting some of the nations most popular racing events such as the Cheltenham Festival and the Grand National announced record-breaking financial numbers.
For the sixth year in a row, the club was able to grow its operations, having now achieved a record turnover of £171.2 million. As compared to two years previously, the groups profits rose by 5.1%.
Those record numbers allowed the Jockey Club to to award more than £19 million in prize money in the previous year. This is an increase of £900,000 compared with the year before. The club was also able to invest more than £36 million on upgrading its facilities throughout the country.
Compared to the numbers of 2013, the organisation could rise £21.7 million more, a total of £55.2 million.
Looking at those profit numbers, 2014 second-largest profit year for the renowned British horseracing organisation.
CEO Simon Bazalgette to the press: ” “By maximising returns from our commercial operations we’ve been able to invest more than 400 million pounds into the sport in the last 10 years,” chief executive Simon Bazalgette said in a statement.”
He added: “Racing brings enjoyment to millions of people each year and is responsible for tens of thousands of jobs. We take very seriously our role as stewards of some of its most iconic events as well as our operations throughout all levels of the sport.”