It has been announced by the BHA on 17th March that all racing in Britain has been suspended from Wednesday 18 March.
We continue to monitor the national situation re: COVID-19 (Coronavirus) and the effect on UK horse racing closely.
Effect of pandemic upon syndicates in racing
The current suspension of UK horse racing has a massive impact on the whole of the industry. Syndicate managers will be left with hard to sell shareholding. Individual and syndicate owners may be financially impacted and struggle to pay their bills. Trainers will still have to pay staff but may have owners withdrawing horses or unable to pay their fees as well as no prize money income. Stable staff will have no pool money and may have to cover for sick colleagues. Racecourses will also lose income from the cancellation of race meetings and other events such as conferences.
“The RSA understands the financial pressure that the current situation may place on Syndicate Managers but also recognises that financial impact will be felt across the industry as a whole. The RSA wishes to promote partnership and working together between member syndicates and the trainers and teams who provide care for their horses, especially in current times when all parties may be struggling financially.” Dan Abraham, RSA Chairman
Thank you to stable staff
While many people are able to work from home, this does not apply to the thousands of staff working in racing yards across the country who are dedicated to the care of racehorses. Their efforts should be appreciated in what are difficult conditions to be continuing to work.
“The RSA wishes to acknowledge the efforts of trainers and their teams across the country in maintaining high standards of care for racehorses during difficult circumstances.” Dan Abraham, RSA Chairman
Personal impact of COVID-19
Many syndicate owners may be struggling financially, sick or lonely as a result of the current situation. Syndicate managers often have personal relationships with their owners and can play a role in ensuring that everyone supports each other during difficult circumstances. A phone call just to see how owners are can go a long way in showing support.
“The RSA is aware that many syndicate managers have personal relationships with the owners in their syndicates. At a time that some people may find challenging, the RSA would encourage all syndicators to reach out to their owners to offer any support that they can make available.” Dan Abraham, RSA Chairman
We wish everyone involved in racing all the best during this unprecedented event and in the meantime you may find the following links useful:
NHS Guidance: https://www.nhs.uk/conditions/coronavirus-covid-19/
UK Government, including travel advice and guidance for employers: https://www.gov.uk/government/topical-events/coronavirus-covid-19-uk-government-response
British Horseracing Authority: https://www.britishhorseracing.com/news-media/
The Jockey Club: https://www.thejockeyclub.co.uk/latestupdates/
National Trainers Federation: https://www.racehorsetrainers.org/homepage/index.asp
Racing Welfare – an excellent coronavirus resource for those in Racing : https://racingwelfare.co.uk/coronavirus-information-guidance-support/
Racing Welfare – advice for Parents: https://www.support.racingwelfare.co.uk/app/answers/detail/a_id/149/related/1
Money Advice Service: https://www.moneyadviceservice.org.uk/en/articles/coronavirus-and-your-money
Money Advice Service – Mortgage Holidays: https://www.moneyadviceservice.org.uk/en/articles/mortgage-payment-holidays#coronavirus-and-mortgage-payment-holidays
Financial Support Charity TURN2US, with handy online calculator and grant checker: https://www.turn2us.org.uk/
The National Domestic Abuse Helpline (24-hours). Calls are free and confidential on 0808 2000 247
BBC News: https://www.bbc.co.uk/news