Cheltenham Festival News
|Friday 6th January 2017|
Prize Money Boost to The Festival
The Festival at Cheltenham in March has received a significant prize money boost, leading to a new record total of £4,305,000 over the four days of the best of Jump racing.
The £190,000 input to prize money benefits 23 of the 28 races at The Festival, with the biggest increases going to the four novice chases.
There are £20,000 increases for the G1 JLT Novices' Chase (to £150,000) and the J T McNamara National Hunt Novices' Chase (to £120,000), while £10,000 extra goes into the G1 OLBG Mares' Hurdle (to £110,000).
Another 18 races gain £5,000 increases, with the only contests missing out being the five most valuable - the £575,000 Timico Cheltenham Gold Cup, the £400,000 Stan James Champion Hurdle, the £350,000 Betway Queen Mother Champion Chase, the £300,000 Sun Bets Stayers' Hurdle and the £300,000 Ryanair Chase.
The lowest prize money now offered during The Festival, which takes place from Tuesday to Friday, March 14-17 inclusive, is £45,000 for the St James's Place Foxhunter Chase, with the next tier being £65,000 for two races - the Glenfarclas Cross Country Chase and the Martin Pipe Conditional Jockeys' Handicap Hurdle.
Ian Renton, Regional Director, Cheltenham & The South West, The Jockey Club, commented today: "I am delighted to announce record prize money of over £4.3 million for The Festival which represents an increase of more than 10% since 2015.
"For 2017, the major increases have gone to the novice chases, with the Racing Post Arkle and the RSA being run at £175,000 and the JLT Novices' Chase at £150,000.
"We would like to thank all our sponsors who have assisted us in improving prize money for The Festival and look forward to four great days of racing in March."