SportBusiness.com

Jockey Club boasts £140m investment and increased attendances

The Jockey Club, the largest commercial group in horseracing, pointed to increased attendances, record levels of prize money, and the launch of a £140 million investment programme as the positive notes in what it described as its most transparent Annual Review to date.

The Jockey Club turned over £99.9 million in 2009, down slightly from £100.9 million in 2008, and made a net profit of £3.7 million, down from £6.2 million.

The net profit for the year was reduced by the cost of borrowing to help fund the £140 million investment programme aimed at improving the The Jockey Club's facilities. Debt was reduced by £4.3 million to £114.2 million last year, and said the figure would be reduced further this year.

Attendances increased to 1.79 million in the year on the back of a rise in the number of events from 347 to 374.