Fans shut-out will cost race­courses over £75m

The Daily Telegraph - Business - - Sport -

Jockey Club Race­courses ex­pects rev­enue losses to ex­ceed ini­tial es­ti­mates of £75mil­lion, fol­low­ing the an­nounce­ment that crowds will be ab­sent for the near fu­ture.

Prime Min­is­ter Boris John­son an­nounced a num­ber of new re­stric­tions on Tues­day, be­cause of ris­ing Covid-19 in­fec­tion rates, and called a halt to the pi­lot events for re­turn­ing spec­ta­tors to elite sport. He warned the new con­straints could be in place for up to six months, rais­ing the prospect of the Chel­tenham Fes­ti­val be­ing be­hind closed doors.

Chel­tenham is one of 15 tracks run by JCR, and group chief ex­ec­u­tive Nevin Trues­dale is seek­ing fur­ther gov­ern­ment talks as to how long re­stric­tions may be in place and what sup­port could be of­fered.

He said: “Pre­vi­ously we had es­ti­mated that rev­enues at Jockey Club Race­courses would be down this year by around £75 mil­lion out of an an­nual turnover that is nor­mally circa £200mil­lion, but that fig­ure is be­ing re­vised up­wards on the ba­sis we won’t have any level of spec­ta­tors back from Oct 1.”

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