Racecourse Media Group (RMG) said that payments to its racecourse shareholders from media and data rights activities are forecast to return to pre-Covid levels for 2021 at £110m.
RMG, whose coverage of horse racing in the UK and the Republic of Ireland includes a terrestrial TV deal with ITV, live coverage to betting shops and its multi-platform subscription channel, Racing TV, has also confirmed its chairman Roger Lewis will stand down at the end of this year.
RMG, which is wholly-owned by its 34 racecourse shareholders, said the expected redistribution of operating profits will exceed 2019’s pre-Covid payments of £107m. It said the improved financial position is a contributory factor to many racecourses being able to return prize money to its pre-pandemic levels.
