Summary
THE deepening recession has saddled the Irish horseracing industry with rising costs and declining race meeting attendance figures, forcing it to make drastic cuts.
Horse Racing Ireland (HRI), the governing body for the industry, has announced a programme of major cost cuts, including a pay freeze for staff, reduced prize money and a claw-back on racecourse expansion plans.See the full content of this document
Extract
Reins Tightened As Racing Hits Hurdles
It said the cuts are in response to the 'challenging economic environment and the reduction in funding to the indus...
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