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Sat June 19 2021

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Jockey Club launches bond to fund Cheltenham grandstand construction

24 Apr 13 The Jockey Club is planning a £45m redevelopment of Cheltenham racecourse and is offering fans of the sport a retail bond scheme to raise at least £15m of the required money.

(and below) Artist's impression of the new Cheltenham grandstand
(and below) Artist's impression of the new Cheltenham grandstand

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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