York racecourse reveals that it has been forced to cut the prize money for the Ebor Festival in August by more than 50%
York racecourse said on Monday that it has been forced to cut the prize money for the Ebor Festival in August by more than 50% as it attempts to cope with the loss of more than 80% of its normal annual revenue from attendance at race meetings and other events at the course. The prize funds for the Group One Juddmonte International Stakes and the Ebor Handicap, both of which were £1m races in 2019, will drop to £275,000 and £250,000 respectively, while total prize money over the four-day meeting will be £2.27m, a drop of around 57% on last year’s total of just over £5.34m.
The cut in York’s prize fund is even more significant than the drop of around 50% for Royal Ascot, which took place behind closed doors in June. The Ebor meeting’s two Group One contests in addition to the International Stakes – the Yorkshire Oaks and Nunthorpe Stakes – will both be worth £250,000, while the Gimcrack Stakes, Lonsdale Cup and City Of York Stakes, all Group Two events, will be worth £100,000 each.
Related: Talking Horses: York and Goodwood hope to fill empty stands this summer
Pontefract
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