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BHB Owners’ Premium Scheme
The British Horseracing Board (BHB) is pleased to announce
that its Owners’ Premium Scheme, which it reluctantly
suspended at the start of 2005, has been reinstated, with
any payments due as a result of performances since the beginning
of the suspension to be made retrospectively.
In the light of the European Court of Justice’s Judgement
in November 2004, the Board had unanimously agreed in December
that, along with a number of other prudent expenditure reductions,
the Scheme should be suspended. It had been forecast that
Scheme payments by BHB would reach £3.2m in 2005.
Following the Levy Board’s agreement to BHB’s
request to allocate funding to the Scheme in 2005 and 2006,
it has been possible to lift the suspension, although the
reduced sums available will necessitate payments being made
at a lower rate than in 2004.
The revised terms of the Scheme are that a 5% premium on the
win and placed prize money due under Order 194, up to a maximum
payment per race of £5,000 for a winner and £2,000
for a placed horse, will be made to eligible horses in the
following races during 2005:
Flat:
Two and three year olds in all Class 1 to 4 races and in Class
5 Maiden and Novice races. Prior to 26th March, when the Flat
Classification System was revised, two and three year olds
in all Class 1 to 3 races and in Class 4 Maiden and Novice
races.
Jump:
Horses from three to six years old in all Class A to D races,
all Class E Novice, Maiden and Beginners’ Steeple Chases
and Novice and Maiden Hurdle races, and all National Hunt
Flat races. For fillies and mares, a 10% premium of the win
and placed prize money, up to the maximum payments stated
above, will be paid.
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Ownership
