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Supporting British Racing – The Jockey Club Annual Review
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SUPPORTING BRITISH RACING ANNUAL REVIEW AND OUTLOOK 2019
The Jockey Club
CONTENTS
2 Vision & Mission
3 Foreword
7 Review and Outlook
21 Business Performance
Who we are and the vision and mission that drive us.
Foreword by our Senior Steward, Roger Weatherby.
Group Chief Executive, Simon Bazalgette, reviews the year and looks ahead.
Details of a 10th year of commercial growth and reinvestment.
27 A Force for Good
35 Members & Board
37 Partners
38 Locations
How we live up to our mission - across racing and society.
The people overseeing our Royal Charter commitments.
The partners who help us to support British Racing.
Details of our operations around the country.
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Annual Review and Outlook 2019
THE JOCKEY CLUB Inspire The Jockey Club stages thrilling sporting occasions, including the Randox Health Grand National, The Festival presented by Magners and four of the five Classics of the Turf. With Her Majesty The Queen as our Patron, we are governed by Royal Charter to act for the long-term good of British horseacing. This includes reinvesting all profits to support the sport. Founded in 1750, today The Jockey Club is the largest commercial group in Britain’s second-biggest spectator sport. We operate 15 racecourses nationwide, The National Stud, Jockey Club Estates, Jockey Club Catering, Jockey Club Live, Jockey Club Services and our charity, Racing Welfare. VISION Our vision is for British Racing to be the best in the world for many years to come and for the sport to be accessible for millions of people in the UK to enjoy. Our mission is to act for the long-term good of British Racing in everything we do. MISSION
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The Jockey Club
Foreword by the Senior Steward
SUPPORTING BRITISH RACING
Welcome to this first digital edition of The Jockey Club’s Annual Review and Outlook . We live in a digital world and also we have set ourselves some challenging but important environmental targets as an organisation. In fact, adapting to remain relevant as British society evolves and acting as a responsible citizen are both very important to what we are trying to achieve to have a long, healthy and happy future. Thank you wholeheartedly if you have supported The Jockey Club in some way over the last year. Haven’t we enjoyed some wonderful racing on the Flat and over Jumps at our 15 racecourses and beyond? Newmarket-trained Enable dominant in the middle distance division, Altior unbeaten in nineteen starts, Tiger Roll becoming the first horse since Red Rum to win back-to-back Grand Nationals and so many more. With the help of ITV, Racing TV, the wider media and our own digital platforms, our best horses and the teams behind them have helped to
captivate millions of people in Britain. As the largest commercial group in British Racing our financial performance is important in order to generate funds to invest into our sport’s prize money, facilities and initiatives. We put all profits back into British Racing. 2018 was a tenth consecutive year of commercial growth, allowing us to contribute record amounts into our sport’s prize money. This is outlined in more detail in the Group Chief Executive’s However, with a multi- million pound reduction in funds via the betting industry anticipated, we now face some financial headwinds outside of our direct control. As such, innovation and diversification have never been more important, as is working together across all stakeholders to play a part in overcoming challenges. The good news is that we have a strong and resilient core to build from. We have significant scale as a sport and this is to our great advantage. We reach Review and Business Performance section.
Roger Weatherby
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Annual Review and Outlook 2019
many millions of people in the UK alone. Now we need to ensure that we place ‘the fan’ at the heart of it all. As a sport we need to do much more to convert the people we reach into fans of racing as a sport and not just an exciting social occasion. I believe The Jockey Club can be at the vanguard of this, working with industry partners including Great British Racing, other racecourses, media rightsholders, sponsors and of course the participants whose stories are the ones that people are interested in. At the same time, have we done enough as a sport for existing fans and racehorse owners? We are not a sport that should ever fall into the trap of alienating our biggest advocates while innovating
and expanding beyond our current borders, which I have been surprised to see has happened most notably of late in cricket and elsewhere. Despite a number of improvements, I remain of the view that technology has a far greater role to play in British Racing. Better use of technology can aid the enjoyment of the racing experience and support our sport commercially. Other sports gather and use >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40
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