GRSA Announces Increase to Participant Returns
Returns to South Australian greyhound participants will eclipse $6 million for the first time after GRSA today announced a 6.4% increase to industry returns in 2013/14. The increase translates to an additional $375,000, with total distributions reaching $6.2 million next season.
GRSA Chairman Michael Fabbro said the announcement continues the positive momentum of greyhound racing in recent years which has seen GRSA stakemoney more than double since 2007-08.
“The GRSA Board is committed to delivering initiatives identified in the 2012 Strategic Plan. This includes year-on-year increases to industry returns, as well as a strong focus on capital works over the coming few years” Fabbro said.
CEO Matt Corby added “GRSA’s renewed focus on open and transparent consultation with industry participants has assisted management with providing changes that we feel will benefit all South Australian participants”
Key changes to GRSA participant returns include:
- Major changes to the trainers fee - $25 per trainer and $5 per greyhound
- A 16.3% increase to base level metropolitan stakemoney on Thursday nights
- Payment of the trainers fee for all Mount Gambier and Port Augusta meetings
- An increase to the annual allocation of SA Bred bonuses to $415,000
- Trainers fee distribution to be paid in cash at each race meeting
- Removal of fourth stakemoney and a reduction in feature race support to partly fund these initiatives
Further to these changes, GRSA has amended its policy regarding the allocation of stakemoney for abandoned meetings. The new policy ensures that participants are not disadvantaged in the event of a late meeting abandonment, something which has not existed in recent times.
Changes to the stakemoney framework will commence on 1st July 2013. Please refer over page for full details of these changes.
