The Irish Bloodstock Industry- A Funding Dilema

  There was a heartfelt collective sigh of relief recently from all those involved in the Irish bloodstock industry that, after five consecutive cuts to funding, the reduction to the budget of Horse Racing Ireland (HRI)  will be no more than €800,000 in 2012.   This shortfall in funding will be offset by increased media income in 2012. HRI, as the governing body for horse racing and breeding, will now have a total budget of approximately €45m in 2012 down from an all time high of €61m in 2008.   During the HRI  awards at Leopardstown  before Christmas Simon Coveney, Minister for Agriculture, announced the second quarter of 2012 will see the introduction of the much heralded Betting (Amendment) Bill  to bring all forms of betting into the tax net.  There is Continue reading here [...]