Victoria plotting their own Spring prizemoney boosts

Victoria plotting their own Spring prizemoney boosts

 The Victoria Racing Club and Racing Victoria have also been in talks about possible prize-money boosts to their spring programme, with the changes expected to be announced in the next six-to-eight weeks.
Following disappointing fields in key races on Stakes Day, VRC CEO Steve Rosich confirmed to Racing.com yesterday that the final day of the Flemington carnival will be one of the major focuses for the club, while improvements to the races on Cup and Oaks days are also under consideration and he also confirmed conversations with RV around prizemoney increases had already begun.
 “Again, the focus will be the Group 1s that are held across those four days. We have a great platform. Record engagement, record audience and record wagering just last year. That’s a continuing growth pattern,” he said. “My recollection was a $17 million increase here in Victoria over the last racing season, which is clearly a significant investment, particularly given the high base that’s already there. I’ve got no doubt there will be enhancements next year based on our preliminary conversations.
“(The club has been in) consistent communication with Racing Victoria about where we think that investment should be made and where that innovation should be made. “We think we are getting great traction on that. We are looking forward to progressing those discussions and then getting to the market in probably six-to-eight weeks’ time and talking about some enhancements not only about the spring, but also the autumn.
” RV said they would take into consideration the announcements made by Racing NSW during their own planning process. “We’ll be taking our time to review and consider all elements within today’s announcement to determine what implications, if any, there are for Victorian racing and our iconic Spring Racing Carnival,” an RV spokesperson said. “Our annual planning process for the next racing season, including prize-money allocations, reaches its culmination in the second quarter of the year and we won’t be rushing to change that. “As our biggest and most famous raceday, the Melbourne Cup has served to grow thoroughbred racing in Australia for the benefit of the sport nationally for more than 160 years and we know that it will continue to do that into the future.”