Great news for greyhounds as racing fund is slashed

The Greyhound Board of Great Britain (GBGB), which administers, funds and promotes British greyhound racing, has been forced to slash its budget by a further 23%.

This has been caused because even fewer people are betting on dog racing, which has led to yet another reduction in the British Greyhound Racing Fund, which is made up of a percentage of the money wagered on greyhound races.

Although the GBGB budget cut means there will be less money going into welfare, the overall news for greyhounds is excellent, because it includes a 9% cut in prize-money support, a huge reduction in the capital spending budget for tracks, from £430,000 to zero, and a £400,000 cut in national marketing.

These reductions will no doubt push even more tracks toward closure and hasten the ultimate demise of the dog racing industry, which is, of course, the best news the greyhounds could ever be given.

For more info, see the article at http://tinyurl.com/GBGBcuts2011