British Racing: A Call for Reform
British racing is facing a crisis, with declining foal crops, thinner crowds, and weakening betting trends. The proposed "Racing Tax" would only exacerbate the issue.
According to former jockey and global equity analyst Richard Killoran, the sport requires bold reform to avoid failure. Despite strength at the top end, the overall weaknesses in the sport cannot be ignored.
The sport needs change.
Defining Success in British Racing
The definition of success in British racing varies among stakeholders. Some may view it as growth in betting turnover, while others see it as higher prize-money, fuller grandstands, or stronger television audiences.
In a healthy system, a competitive product should lead to increased betting volumes, filled stands, and stronger media-rights income.
Author's summary: British racing needs reform to survive.