The prize money for the Derby plummets to a THIRD of last year’s race – with runners sharing £ 500,000 as races face a grim economic reality from the coronavirus pandemic
- The prize money for the Derby will drop sharply as a result of the coronavirus outbreak
- This season’s race is likely to run for around £ 500,000, a third of 2019’s value
- The massive drop reflects the grim economic realities faced by racing and sports
- The Classic at Epsom hopes to drive behind closed doors on July 4
- It means that a race that draws 100,000 fans will lose ticket and hospitality revenue
- Here’s how you can help people affected by Covid-19
Prize money for the Derby will plummet with this season’s race likely to be ridden for around £ 500,000, a third of 2019’s value.
When Anthony Van Dyck, trained by Aidan O’Brien, entered Britain’s most prestigious Flat race last June, the foal won a first prize of £ 921,538 with a historic race totaling £ 1,623,900.
The massive decline reflects the grim economic realities faced by racing, as well as the broader sports and business world in light of the Covid-19 crisis.
The prize money for the Investec Derby will drop sharply as a result of the coronavirus outbreak
The Investec Derby should have been driven on June 6. It is intended that the Classic will be driven behind closed doors on Epsom on 4 July.
That means that a race that can draw nearly 100,000 spectators will lose all of its revenue from tickets and hospitality on traditionally one of the most glamorous days of the sports calendar.
A Jockey Club spokesperson said they were unwilling to speculate on what the Derby prize money will be.
Running tracks across the country are facing the same income evaporation.
Aidan O’Brien-trained Anthony Van Dyck landed Britain’s most prestigious Flat race last June
Sources have told it Sports email that some of the season’s most prestigious Group One races can be ridden for a quarter of their expected value. Some could be cut even more drastically with Group 1 races for a minimum value of £ 75,000.
A race track insider, who said the sport should be prepared to be hit by a sobering reality, said, “No money is coming in. It is a huge concern.
“There is a perception that racecourses will find the money from somewhere, but it’s not there. Prize money is decimated. ‘
Racing will return in Hanover on Thursday, the first meeting in Germany since March 15.