Mar 14, 2017

In the Hunt

The Cheltenham Festival is the pinnacle of the sport's jump racing calendar, attracting huge crowds and interest not only within the UK, but also from Ireland and further afield. "At the Jockey Club we reinvest all the money we make back into horseracing," Cheltenham Racecourse managing director Ian Renton tells the BBC. "So Cheltenham contributes a significant proportion of our total revenues for the year - it is very important for us to be able to put this money back into racing." In financial terms, the event is the UK's second largest racing festival after the flat racing at Royal Ascot, which lasts one day longer. The festival comes at an important time for UK horse racing. In addition a new "Tripartite" governance agreement for the sport has been drawn up by governing body the BHA, the racecourses, and racing participants.

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