A fixed return of 4.75% gross a year is offered for investments of between £2,000 and £100,000 over a minimum five-year term, plus 3% in ‘Rewards4Racing Points’ that can be spent at any of The Jockey Club’s 15 racecourses nationwide.
Subject to planning permission, a new grandstand will be built at the Cheltenham course, with work starting next April, immediately after the 2014 festival there. It should take two years to complete.
In the last 10 years, The Jockey Club has invested more than £155m in new facilities and upgrades across its racecourse estate, with new grandstands at Aintree (£31m, two grandstands) and Epsom Downs (£28m, one grandstand).
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