RACECOURSES ANNOUNCE NEW INITITIATIVE
From The Sporting Life.
Britain's leading racecourses are to launch a landmark £10 million flat racing competition to crown the champion British racehorse.
The Sovereign Series will link 10 of the most prestigious races in the racing calendar into a major new competition and will run for an initial three years beginning in May 2010 with new terrestrial broadcast and commercial agreements planned.
The Series will feature 10 of the leading Group 1 races, starting with the Stan James 2,000 Guineas at Newmarket and culminating with the Emirates Airline Champion Stakes again at Newmarket in October.
The Juddmonte Lockinge Stakes at Newbury, The Derby, the Prince of Wales's Stakes at Royal Ascot, the Coral Eclipse at Sandown, Ascot's King George VI and Queen Elizabeth Stakes, the BGC Sussex Stakes at Goodwood, the Juddmonte International at York and the Queen Elizabeth II Stakes at Ascot complete the line up.
The Sovereign Series has been created with the full support of the British Horseracing Authority, and has received industry-wide backing from owners, trainers and jockeys, as well as all major stakeholders.
Racing UK, the media rights company representing the courses, will be promoting and managing the collective broadcast and multimedia rights.
In addition to the existing prize money of just over £5 million, a further £5 million per annum will be added to the Series, culminating in a £2 million prize for the overall winner.
An extra £3 million has also been committed to the marketing, promotion and production of the Series both on and off the course, which will take race goers and viewers right to the heart of the action.
Simon Bazalgette, Executive Chairman of Racing UK and Chief Executive designate of The Jockey Club said: "Horseracing is one of Britain's great sports but is faced with increasing competition from other sports and leisure activities, so Racing needs to evolve and appeal to a wider audience.
"We believe the Sovereign Series will capture the imagination of a new generation of sports fans who have never before been interested in Racing."
"Our vision is that in 5 years The Sovereign Series will have become established as a major sports competition on the British calendar alongside Wimbledon, The Open and other similar events."
From The Sporting Life.
Britain's leading racecourses are to launch a landmark £10 million flat racing competition to crown the champion British racehorse.
The Sovereign Series will link 10 of the most prestigious races in the racing calendar into a major new competition and will run for an initial three years beginning in May 2010 with new terrestrial broadcast and commercial agreements planned.
The Series will feature 10 of the leading Group 1 races, starting with the Stan James 2,000 Guineas at Newmarket and culminating with the Emirates Airline Champion Stakes again at Newmarket in October.
The Juddmonte Lockinge Stakes at Newbury, The Derby, the Prince of Wales's Stakes at Royal Ascot, the Coral Eclipse at Sandown, Ascot's King George VI and Queen Elizabeth Stakes, the BGC Sussex Stakes at Goodwood, the Juddmonte International at York and the Queen Elizabeth II Stakes at Ascot complete the line up.
The Sovereign Series has been created with the full support of the British Horseracing Authority, and has received industry-wide backing from owners, trainers and jockeys, as well as all major stakeholders.
Racing UK, the media rights company representing the courses, will be promoting and managing the collective broadcast and multimedia rights.
In addition to the existing prize money of just over £5 million, a further £5 million per annum will be added to the Series, culminating in a £2 million prize for the overall winner.
An extra £3 million has also been committed to the marketing, promotion and production of the Series both on and off the course, which will take race goers and viewers right to the heart of the action.
Simon Bazalgette, Executive Chairman of Racing UK and Chief Executive designate of The Jockey Club said: "Horseracing is one of Britain's great sports but is faced with increasing competition from other sports and leisure activities, so Racing needs to evolve and appeal to a wider audience.
"We believe the Sovereign Series will capture the imagination of a new generation of sports fans who have never before been interested in Racing."
"Our vision is that in 5 years The Sovereign Series will have become established as a major sports competition on the British calendar alongside Wimbledon, The Open and other similar events."