25% more central funding towards prize money
Mr Phil Meaney, Chairman of Rásaíocht Con Éireann has announced that the Board approved as a first step on the road to restoring participation in Irish Greyhound Racing an increase of 25% in prize money race grants to ordinary races across the board in their 2016 budget.
This increase will take effect from January 2nd 2016. The approved value of this increase is circa €950,000.
This substantial increase has been approved following consideration of stakeholder’s feedback both on the Consultative Paper issued by the Board and direct participation of the many stakeholders groups on 15th December 2015. It is planned that this increase will result in increased payments for all placed greyhounds across all categories. The increases in ordinary race grant by race category are detailed in the tables outlined below.
On top of increasing the funding towards ordinary race grants by 25%, the Board will announce plans to support breeding, syndication and other measures to reinvigorate the Industry by mid-January 2016.
Geraldine Larkin has said that they key priority with this increase is to ensure the additional values of race grants will offer a broad spread of support towards the largest section of the greyhound population.