Très merveilleux 🇨🇵
Delighted to breed a winner at Chantilly in partnership with my great friend Jason Singh, foaled and raised @acornstud
Westminster Cherry (Gleneagles x Kirsch)
@AlexPantall
@jamesaknight Another bookmaker that doesn't understand the point.
"It urged the sport to follow the example of Formula 1 and create a single, unified digital entry point for new fans." Which is absolutely correct, just like the JRA does so successfully.
@VaughanLewis1@LevyBoard If any business that generates £12B revenue cannot achieve 4% net margin then they are probably not a viable business.
As I said, any other definitions are made up gibberish.
@VaughanLewis1@LevyBoard You're wrong, turnover is revenue, gross margin is revenue minus payout to winning bets, net margin is revenue minus total operating costs. Anything else is just bookmaker made up gibberish to squeeze racing for all its got.
@VaughanLewis1@LevyBoard A 4% net margin distributed to prize money across the 5,200 races per year would be in the region of avg £80,000 per race. We're not even close to that because of the derisory Levy return, it needs to be scrapped.
@VaughanLewis1@LevyBoard You're comparing apples to oranges. I'm talking about net return to racing via prize money. For a business that generates £12B revenue, a 4% net margin returned to the company owners (participants via prize money), should be comfortably achievable.
@Louchepunter@WHR@Raceday_RTV@ABRLive Very well said, and I think you have a unique perspective on this specific topic, I hope the BHA engages with you on this.
However, I personally think the only route forward is for revolution, the entire model needs dismantling to take control of the profits from betting.
@VaughanLewis1@LevyBoard £110M Levy from £12B betting turnover, completely unfair.
Media rights goes to racecourses, not much of it goes to prize money, especially at ARC owned racecourses.
@VaughanLewis1@LevyBoard No it isn't, as confirmed by Coral representative, the 4% figure includes sponsorship which definitely forms part of the bookmakers operational cost (cost of sales). 0.8% is the net return to racing, it's simple maths.
@AtTheRaces@joshapiafi There's no common ground, bookmakers take a high percentage of the profits from betting, participants race to win a small percentage of profits from betting, racecourses are trying to survive by selling £300 hamburgers and Girls Aloud concert tickets
Free, no paywall, no subscription, no bookmaker ad revenue, FREE, on YouTube .. @nickluck
JRA are literally showing us how to improve GB racing, but the endless committee nonsense and bookmaker lobbying is driving GB racing towards the precipice.
@Louchepunter@nickluck The successful blueprint is literally there in Japan, staring in our faces, we just have to copy it and everyone will be better off. Well...everyone except the leeches that have continually extracted the profits from betting and run off with it.
@Louchepunter@nickluck And to your point regarding ITV, the loss of that revenue stream would be insignificant if GB racing controlled the distribution of all the profits from betting. It's simple mathematics.
@Louchepunter@nickluck In my opinion, GB is increasingly only attracting participants that are willing and able to lose significant sums of money, or are using racing as a tax write off / asset strategy by losing lots of money. It's increasingly more difficult for the average person to be involved.
@Louchepunter@nickluck Obviously it's a different model. I have advocated for scrapping the current GB model to copy the JP/FR model to reduce the diminishing returns to GB racing participants.