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As Racing Victoria revealed plans to implement prizemoney cuts Racing NSW has countered with a round of prizemoney increases

As Racing Victoria revealed plans to implement prizemoney cuts Racing NSW has countered with a round of prizemoney increases

In the dynamic world of horse racing, recent announcements by Racing NSW and Racing Victoria have highlighted the ongoing rivalry between the two racing authorities, as well as significant prizemoney changes. Last week, Racing Victoria revealed their intentions to implement prizemoney cuts, while Racing NSW responded swiftly with a series of prizemoney increases.

Racing Victoria’s proposal to save $30 million for the upcoming 2023-24 season, with a significant portion coming from prizemoney reduction, raised eyebrows within the racing community. However, just as night follows day, Racing NSW seized the opportunity and announced prizemoney increases across various categories. Standard Saturday metro races will see a boost of $10,000, public holiday metro races will have an additional $5,000, and provincial races will receive an extra $2,000.

 

These developments come on the heels of other recent prizemoney updates in NSW. The Big Dance, an event introduced in 2022, will see its prizemoney rise from $2 million to an impressive $3 million. Moreover, the Country Championships and Provincial-Midway Championships, held during The Championships at Randwick every April, will each receive an extra $500,000.

The rivalry between Racing NSW and Racing Victoria has been a prominent feature in the racing landscape for nearly a decade. Racing NSW, led by Peter V’landys, has successfully introduced innovative races such as The Everest and The Golden Eagle, captivating fans and creating substantial buzz within the sport. While some of the additional races incorporated into the Sydney spring calendar have struggled to gain traction, The Everest and The Golden Eagle have become must-see events for racing enthusiasts.

Critics argue that the concentration of funds in high-profile races orchestrated by Racing NSW fails to benefit the broader racing community, particularly the owners and trainers involved in lower-tier races. However, supporters credit V’landys for his strategic vision and ability to secure financial backing from affluent owners and breeders. They assert that the publicity and prestige associated with races like The Everest and The Golden Eagle contribute to the overall growth and reputation of Racing NSW.

On the other hand, Racing Victoria, steeped in tradition and boasting a robust spring carnival, faces challenges in response to Racing NSW’s initiatives. While Racing Victoria is unlikely to reduce prizemoney for everyday city races or regional tracks due to the significance of grassroots racing in the state, potential cuts to prestigious Group 1 races could leave them vulnerable to Racing NSW’s competition. The politics between the two racing powerhouses persist, but fans of the sport yearn for more frequent clashes between the finest horses, regardless of state allegiances.

In the end, racing enthusiasts seek the best horses competing against each other on a regular basis. While the rivalry between Racing NSW and Racing Victoria continues to captivate attention, the ultimate goal should be to enhance the sport as a whole. The prudent allocation of prizemoney, catering to both the elite and grassroots levels, is crucial for the sustained growth and long-term prosperity of Australian horse racing.

As these prizemoney changes take effect, stakeholders and fans eagerly await the unfolding narrative and hope for a future where top-class horses converge on the track more frequently, regardless of geographical boundaries. After all, it is the shared love for horse racing and the thrilling spectacle it provides that unites us all.