Prize-money increases for John Smith's Grand National.
AINTREE Racecourse's attempt to run the pounds 1million John Smith's Grand National moved a step closer with a record prize-money increase.
The world's most famous steeplechase on Saturday, April 9, will be run for a seventh year sponsors John Smith's, with 2011 being the first year in a new three-year contract renewal and prize-money has increase to a record pounds 950,000 in 2011, with a rise of pounds 25,000 this year's race.
Commenting on this milestone for the race, Julian Thick, Aintree's managing director, said: "We are delighted that the Grand National will be worth a record pounds 950,000 in 2011, making it by far the richest Jump race in Europe. It is fantastic to have such a supportive partner in John Smith's, who have enabled us to continue to increase the prize fund for our showcase race."
Total prize money for the three-day John Smith's Grand National meeting will be pounds 2,540,000.
Despite a budgeted 18% reduction in funds from the Horserace Betting Levy Board to the racecourse, this amount is only 1.36% less than the 2010 total (pounds 2,575,000) as a result of Aintree increasing its own investment in prize money to make up the bulk of the shortfall.
By increasing its prize money investment, Aintree has managed to keep its key support races at the same prize money level as the 2010 meeting.
Thick added: "We're delighted to retain prize money at such significant levels, with the Matalan 4YO Novices' Hurdle, totesport Bowl, John Smith's Melling Chase, Topham Chase, Sefton Novices' Hurdle, the Maghull Novices' Hurdle and the Aintree Hurdle delivering pounds 885,000 in prize money over the three-day event."
The three-day meeting runs from April 7-9 this season.