Owners’ stakes are likely to be significantly reduced; the standard treatment in Group 1/Grade 1 races is to refund the stakes of those horses which opt not to enter the rescheduled race and, in the event of reduced prize money, to refund an appropriate percentage of stakes paid by those that are entered. In other races, the original stakes for all horses are generally refunded with the entrants for the new race charged a reduced stake (in line with the reduced prize money).