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3-Year Funding Approved For Vic Jumps

Tuesday, 12th July 2011

The Racing Victoria Board announced that “following consultation with the Australian Jumping Racing Association”, it has “approved a 3-year funding package for jumps racing within the state”. Underpinning the package “is a commitment to co-fund, with the State Government, the purchase of a 2nd set of obstacles that will further RV’s commitment to optimising safety within the sport”. The new look obstacles “which have been credited with helping to halve the fatality rate in Victorian Jumps racing over the past 16 months, will become a resident fixture in the state’s western districts”. They will “allow for further trialling & training opportunities to assist in the education of horses & riders, while helping to maintain the integrity of the existing race obstacles through a shared workload”. As part of the package, RV has committed to “fund an $8.85 million prize-money budget over the next 3 years & will also provide an annual grant to the AJRA for administration of the sport”. The RV commitment “comes on top of the recent $2 million 4-year jumps racing funding package announced by Minister For Racing Dr Denis Napthine as part of the State Government’s Victorian Racing Infrastructure Fund”. RV chief executive Rob Hines commented: “Racing Victoria is committed to providing enhanced opportunities for the education of jumps horses & riders to further the improvement in safety made since the conclusion of the 2009 season. . . . . “In consultation with the AJRA we have defined a funding package for the next 3 years that complements the Government’s recently announced commitment to jumps racing & sets out a clear funding pathway for the future.” AJRA president Rod Rae said with prize-money & bonuses in excess of $10 million committed to jumps racing for the next 3 years that investment in the sport would be stimulated & emphasised: “This overall commitment will send a strong message to industry participants that jumping racing is here to stay.”

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