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Horse racing

Royal Ascot more than halves prize money due to pandemic

Filed on June 5, 2020 | Last updated on June 5, 2020 at 12.06 am
The eight Group One races will each be run for 250,000 pounds. - Agencies

The prize money has been amended to 3.68 million after initially announcing more than 8 million last December

The prize money for this month's Royal Ascot, which will be run without spectators from June 16-20, has been more than halved due to the Covid-19 pandemic.

Organisers had said last December that more than eight million pounds ($10.08 million) would be offered with the meeting hosting million pound races for the first time.

On Thursday they announced amended prize money of 3.68 million pounds.

Ascot Racecourse chief executive Guy Henderson said in a statement that 2020 had been set to be a landmark year before the "unprecedented times".

"Some 70% of our annual income comes from public admissions, including hospitality," he said.

The eight Group One races will each be run for 250,000 pounds.

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