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New initiatives to lower cost of Horse Ownership

The Club has a long-standing commitment to supporting Hong Kong’s racehorse Owners, recognising their investment in high-quality horses is fundamental to Hong Kong’s world-class racing. Considering the current difficult general economic conditions which face Owners, the Club has developed a package of measures designed to significantly reduce the cost of Horse Ownership. From the commencement of the 2024/25 season, the following three initiatives will be implemented:

  • The basic monthly livery fee for horses in training will be cut by 22%, reducing from HK$38,200 to HK$30,000 per month. This translates to an annualized reduction of HK$98,400 per horse.
  • During the first four months after the arrival of a new horse import, the basic monthly livery fee will be further reduced by HK$5,000 to HK$25,000. This will represent a 35% reduction in livery fees for new imports compared with current charges.
  • An additional financial support will be offered to Owners to export their horses after their retirement from racing in Hong Kong. Owners will receive a payment of HK$50,000 towards the cost of exporting their horse from Hong Kong, in addition to the existing travel subsidy of up to HK$100,000.  In other words, Owners will be paying almost 50% less than what they are currently paying for the export of their retired horses.

Added together the three measures represent a HK$140 million investment by the Club in lowering the cost of ownership. These measures complement the action taken by the Club over the past decade to invest in prize money to reward Owners’ investment. Over the past decade, prize money has been increased nearly 100% with prize money and incentives schemes totalling an estimated HK$1.73 billion on offer for the 2023/24 racing season.

Horse ballot applications close at 5pm on Thursday, 25 April 2024. Application forms are available at the Reception Counter of the Hong Kong Jockey Cub Headquarters at One Sports Road, Happy Valley and the Clubhouses.

For enquiries, please contact Racing Registry at 2966 7540 / 2966 8349 / 2966 8476.