BHA announces new Veterans’ Chase Series worth £400,000

08 Dec 2014 Financial/Political Racing/Fixtures

The British Horseracing Authority (BHA) has today announced the programming of a valuable Series of 11 races for Veteran Chasers, commencing in 2015 and worth £400,000 in total.

The Veterans’ Chase Series has been created to generate more opportunities for quality 10-year-old-plus Chasers who might have found winning chances limited in other valuable races. It is also hoped that the popularity of Veterans’ Chases, which tend to attract higher than average field sizes and popular horses, will mean that the Series provides a centrepiece race on Sundays, with eight of the 11 races being run on Sundays.

The Series will be run over 10 qualifying races from January 2015, culminating in a final at Sandown on 2 January 2016. Each of the 10 qualifying races will have a minimum total prize fund of £30,000 with the final offering £100,000 in prize money. All horses that start in one of the qualifying races will be eligible to enter the Final.

The Series will be part-funded by the Additional Voluntary Contribution (AVC) Fund, which consisted of a £4.5 million contribution from four major bookmakers (William Hill, Ladbrokes, Coral and Betfred) to incentivise more competitive racing.

It was agreed between BHA and its stakeholders of Racecourses and Horsemen, the four bookmakers and the Horserace Betting Levy Board (HBLB) that strengthening Sunday racing should be one of the uses of the Fund, and that this should be achieved via a series of valuable Sunday Races, culminating in a Final.

Eight of the 10 qualifying races will be held on a Sunday, the two races that will not be run on a Sunday were pre-existing Veterans’ Chases that added to the quality of the Series. Seven of the races are completely new to the race programme.

Ruth Quinn, BHA Director of Racing, said;

“The creation of the Veterans’ Chase Series has two primary objectives. One is to provide a boost to Sunday racing by creating a valuable, quality centrepiece race on Sundays. Veterans’ Chases are very popular and tend to attract good competitive fields. It is always exciting to see much-loved horses competing for good prize money against their age-group peers.

“The second objective is to provide more opportunities for these quality horses to run, thus making use of the horse population to generate races which will generate competitive fields which are attractive from a betting point of view. The issues facing Jump racing in terms of small-field races are well documented and this is just one of the initiatives BHA have recently announced in order to try to tackle this problem.”

Richard Wayman, Chief Executive of the Racehorse Owners Association, said:

“This is a really worthwhile initiative and with decent prize-money on offer including a £100,000 final, the series is certain to prove very popular with the owners of older chasers.

“Many of these grand old campaigners aren’t quite up to competing at the highest level and also struggle in handicaps against less exposed types, which is why these Veteran events have been so well received in recent years. The investment in this series will provide a further boost and will only enhance the appeal of these races.”

Notes to editors:

1. The Races in the series are as follows:

Date (2015) Venue New/existing
Sunday 11 January Kelso New race
Sunday 8 February Exeter New race
Wednesday 18 February Doncaster Existing race
Saturday 28 February Newbury Existing race
Sunday 29 March Ascot Existing race
Sunday 11 October Chepstow New race
Sunday 25 October Aintree Existing race
Sunday 8 November Sandown Park New race
Sunday 29 November Leicester New race
Sunday 13 December Carlisle New race
Saturday 2 January 2016 – Final Sandown Park New race

 

2. The races are open to any horses who are 10-years-old or older and rated 0-150. They will all be run over distances ranging from 2m 7f to 3m 2f, with the Final being 3m. The Final is an open handicap.

3. The press release announcing the £4.5 million contribution from bookmakers can be seen here:
http://www.britishhorseracing.com/press_releases/4-5m-contribution-bookmakers-used-incentivise-competitive-racing/

4. The press release announcing the range of initiatives designed to tackle small-field races can be found here: http://www.britishhorseracing.com/press_releases/bha-reveals-initiatives-address-small-field-races/