Sports

Further financial blow for races

Wednesday, 18 January 2017

FOLLOWING our exclusive story last week revealing the hike in insurance costs for the local road race meeting at Cookstown, I can also reveal exclusively, there is another financial burden being added to the organising club, writes Baylon McCaughey.

A new license format will curtail the number of races riders can enter.

Support riders, who in the past were allowed to take part in the open races, will now be forbidden to do so, while riders from across the water may also find themselves only being allowed to compete in one race.

This will mean the organising club will suffer a massive loss in entry fee revenue.

As the rule stands at present, the local club could face up to a 7,000 deficit in entry fees.

This, along with the 4,000 plus hike in Insurance, means that the club needs to find another 11,000.

I understand the clubs are seeking meetings with the governing body as soon as possible in order to try and alleviate these financial crises.

There are also a few riders who have been banned this year, due to Irresponsible licence applications, meaning a few more less entrance fees.

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