Jockey Club sees profit jump 11% to record level

Horses at Cheltenham The Cheltenham Festival, held each March, is one of the Jockey Club's most famous meetings

The Jockey Club, which runs 15 UK racecourses, reported record profits for last year of £22m.

The body, which stages both the Grand National and the Cheltenham Festival, saw profits rise by 11%.

Turnover also rose by 11% to a record of £166.9m.

It said the results were helped by "strong cost control performance across all areas of the business" and greater revenues from admissions and hospitality income.

It also reported it contributed £18.4m to prize money for races, which it said was 47% higher than five years ago.

More than 1.74 million people attended race meetings last year, including more than 235,000 at the Festival at Cheltenham, more than 150,000 for the Grand National Festival and more than 150,000 for the Derby.

Meat Loaf

The Jockey Club has also been adding other attractions to bring in new crowds, such as its "racing plus music" events, which saw six races followed by performances by acts including the Kaiser Chiefs and Meat Loaf.

In 2014, Jockey Club Racecourses has entered into a joint venture partnership - Jockey Club Live - to stage future live music and entertainment events. Acts lined up to play at the Group's venues nationwide include Sir Tom Jones, Jessie J, Kaiser Chiefs, James Blunt, The Beach Boys and Dizzee Rascal.

Nicholas Wrigley, the Jockey Club's senior steward, said: "I am pleased we report another excellent year for the Jockey Club, enabling us to deliver on our promise to act for the good of British racing."

Last year the organisation raised £24.7m in its first-ever bond launch to the general public, with the money being raised to redevelop its flagship Cheltenham Racecourse.

More on This Story

From other news sites

The BBC is not responsible for the content of external Internet sites

More Business stories


BBC Business Live

    06:00: Edwin Lane Business reporter, BBC News

    There's also more on the Labour party conference, which continues today. Get in touch with us throughout the morning on or on Twitter @BBCBusiness.

    06:00: Matthew West Business Reporter

    Morning folks. This morning we have a trading update from Barclays bank as well as one from Punch Taverns. We also learned of 1,700 job losses at Phones 4U overnight. There are the latest set of public sector finances to examine later on. And there's bound to be more on Tesco's accounting irregularities. Stay with us.



  • Peaky Blinders publicity shotBrum do

    Why is the Birmingham accent so difficult to mimic?

  • Oliver CromwellA brief history

    The 900 year story behind the creation of a UK parliament

  • Image of Ankor Wat using lidarJungle Atlantis

    How lasers have revealed an ancient city beneath the forest

  • TheatreBard taste? Watch

    Are trailer videos on social media spoiling theatre?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.