Potential sale of Dundalk could prove tipping point in increasingly bitter dispute
Various incarnations of Horse Racing Ireland’s media rights committee, legislatively charged with negotiating the best sale of pictures for all 26 tracks, have generated unprecedented wealth for them all.
Arena Racing Company , the main rival to SIS/RMG, are offering €40 million to buy Dundalk, which currently hosts almost 10 per cent of Irish fixtures. ARC has also offered UIR €100,000 per fixture for their pictures, a figure a handful of other smaller tracks are carefully noting. HRI might be a very interested player in all this considering its racecourse portfolio, but how many of those properties would still be racecourses without such state ownership?
Letting each track lucratively paddle their own canoe between competing bidders might work theoretically but it’s a model that has produced what many have concluded is a race to the bottom in British racing with too much racing for too little prize money.
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