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UK commercial broadcaster ITV is said to be seeking a £1.5m (€1.67m/$1.83m) reduction in its rights fee following the cancellation of this year’s Grand National.
The loss of the Grand National, the biggest annual horse race in the UK, will leave an estimated £500m ($615m/€569m) hole in the sport.
UK free-to-air commercial broadcaster ITV will fill the hole in the gap left by the cancellation of the 2020 Grand National by offering live coverage of a virtual version of the iconic horse racing event
The Jockey Club has announced that the 2020 Grand National Festival has been cancelled, with the British Horseracing Authority (BHA) also suspending all horse racing from tomorrow (Wednesday) onwards