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BHA confirms 3.5 percent hike in industry fees for 2025

Sudhanshu Ranjan December 19, 2024
BHA confirms 3.5 percent hike in industry fees for 2025

The British Horseracing Authority (BHA) has confirmed that participation fees will increase by 3.5 percent in 2025. This additional fee will help the board enhance BHA services, increase investment in raceday operations using advanced technology, and improve administrative processes to make it easier to participate in the sport.

Key reasons behind the fee hike

Starting in 2025, the participation fee will be increased by 3.5 percent. This additional revenue will be used to sustain the sport’s integrity and operations. Currently, cyber threats are a major issue for many organisations. The BHA will implement cutting-edge technology to enhance its cybersecurity framework and protect valuable data and information.

This fee hike will also support administrative improvements such as the upcoming Racing Digital Hub, aimed at simplifying processes for stakeholders. The Racing Digital Hub will launch in 2025 to streamline administrative processes for owners and trainers.

A BHA spokesperson said, “A decision to increase fees is never something we take lightly. We recognise that this has an impact on individuals and businesses across our industry, those who own, train, ride and look after our horses and play an invaluable role in our collective success. We know that you too are facing rising costs and external pressures, and we are immensely grateful for your continued support for British racing.”

Investment and planning for 2025

The new Racing Digital Hub will launch in 2025 and improve administrative processes for owners and trainers, making them more user-friendly. It will increase transparency and reduce the administrative burden.

The BHA has introduced three educational modules focusing on safeguarding, anti-sexual harassment, misogyny, and human welfare to create a safe environment.

The spokesperson further stated, “We are especially grateful to racehorse owners, who continue to show unwavering loyalty despite a challenging economic period. Our sport would not be possible without your significant contribution. It is therefore essential that we work to ensure you feel valued and rewarded, through an improved owner experience and increased prize money returns.”

Although some stakeholders have voiced concerns about affordability, many recognise the essential need for investment in critical areas to sustain the sport. The BHA has highlighted its commitment to transparency and the significant benefits of the fee increase, reassuring stakeholders of its value.

Investments in cutting-edge technology and regulatory enhancements will enable British racing to adapt to a rapidly evolving landscape. By focusing on superior experiences and increased returns, the BHA aims to retain loyalty and ensure the sport’s robust growth.

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