All Speaker's Corner Articles

There’s a wonderful line in Ernest Hemingway’s The Sun Also Rises when a character named Mike is asked how he went bankrupt. “Two ways,” he replies. “Gradually, then suddenly.”

  The problem facing our beloved sport is that there is a growing hole in racing’s finances. Racehorse owners are responsible for the largest inflow of revenues into racing, spending £369 million a year (33 per cent of all UK racing expenditure). But they are a dwindling bunch: their numbers dropped by 15 per cent...