France Galop will redistribute the scholarships for certain 2020 races

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Officials of France Galop | Scoop Dyga

All races in France since May 11, 2020 that carried a reduced handbag due to the COVID-19 pandemic will receive part of their initial price in the second half of January, France Galop announced on Monday. At the end of 2020, France Galop’s funding budget was 185 million euros instead of 248 million euros, a decrease of 25% due to the stoppage of two-month races in France during the first lockdown. out French. In August, the board of directors of France Galop decided that a positive fundraising result – if there was one – at the end of the year should be redistributed in the form of incentives to partially compensate for the reduction applied from May 11. the funding surplus is supposed to be over 8 million euros, but France Galop and PMU continue to confirm the amount. The cash prize that will be available for each race will increase by the exact same amount in any race, with bonuses to owners and breeders also increased. The annual closing of professional accounts is scheduled for January 12, then France Galop must invalidate more than 3,200 races before recalculating the compensation and bonuses for all the events concerned. This reassessment of all race earnings will replace the annual reassessment of the owner’s bonus. For more information, visit www.france-galop.com.

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This story was published in Europe, Shared News Europe, Top News Europe and tagged Coronavirus, COVID-19, France Galop, PMU, scholarships, reallocation.

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