Loss of Grand National leaves £500m hole in racing’s balance sheet

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  • Aintree owners are not expected to set new date
  • Bookies set to miss out on turnover of around £400m

Any faint hope British racing would follow the lead of its Irish counterpart and attempt to stage its Grand National in the autumn has been swiftly extinguished, leaving an estimated hole of up to £0.5bn in the balance sheet of the sport, betting industries and the local economy, only a fraction of which will be covered by insurance claims.

Jockey Club Racecourses, which owns Aintree, has not formally ruled out moving the race but it cancelled – rather than postponed – the 2020 race several weeks ago, shortly before new government restrictions on movement led to the current suspension of all British racing, and there is no expectation the situation will change.

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Written by Greg Wood
This news first appeared on https://www.theguardian.com/sport/2020/apr/05/loss-of-grand-national-500m-hole-in-racings-balance-sheet under the title “

Loss of Grand National leaves £500m hole in racing’s balance sheet

“. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.