news on Friday concerning the financial state of French racing, the unique challenges it faces, and new initiatives launched to combat those issues<\/a>. The main aim is to return France Galop to financial equilibrium by 2029. The details of the plan are as follows:<\/p>\n
\n
\n
<\/p>\n
\u20ac5 million linked to adapting France Galop’s organisational structure, notably via a collective voluntary departure scheme (approximately 40 positions);
\n\u20ac7.1 million in operational efficiencies;
\n\u20ac1 million through the suspension of certain stimulus measures;
\n\u20ac2 million from the Eperon Fund;
\n\u20ac3.7 million for HRM (Equidia)
\n\u20ac1.4 million for Afasec;
\n\u20ac3.8 million for the F.N.C.H.<\/p>\n
In addition to the above \u20ac24 million in cost savings, France Galop expects \u20ac5.8 million in additional revenue. De Saint-Seine also confirmed that certain initiatives, like the Horses in the City campaign, are too costly to continue at this time.<\/p>\n
\u201cThere will be no closure of any racecourse or training centre,\u201d the France Galop president said during a Thursday evening press briefly. \u201cOn the other hand, we still hold non-strategic real estate [at Saint-Cloud, Chantilly and Deauville] assets regarding which we are entitled to consider our options. Is it our vocation to own apartments here or there? My answer is no: I do not believe our vocation is to act as a landowner for assets that are not directly tied to France Galop’s operational activities.\u201d<\/p>\n
As it currently stands, neither the PMU’s 2026 budget, nor its parent companies has been approved.<\/p>\n
Added De Saint-Seine, \u201cThe PMU presented us with a medium-term plan. They sent us a second version in mid-May, and we are continuing to work on it.<\/p>\n
\u201cThere is a need to reinvest in the PMU, and this inevitably translates into a reduction in the PMU’s financial contribution. However, it is also imperative that we have a 2026 budget adoption quickly.\u201d<\/p>\n
Going forward, France Galop is starting to launch several fundamental initiatives, beginning with tweaking the racing calendar.<\/p>\n
Said De Saint-Seine, \u201cWe are going to undertake a project involving the mapping of racecourses, as well as an analysis of ‘premium’ and PMH tracks. This review must address a range of issues: infrastructure, staffing levels, track safety, the balance between regional and Parisian racecourses, and the appeal of racing to both bettors and the general public.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A savings plan created by France Galop’s Task Force and approved by the board of directors, is expected…\n","protected":false},"author":2,"featured_media":11766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[19556,19557,5,8957,19558,8958,19559,19560],"class_list":["post-26621","post","type-post","status-publish","format-standard","has-post-thumbnail","category-france","tag-cost","tag-financial-plan","tag-france","tag-france-galop","tag-french-racing","tag-guillaume-de-saint-seine","tag-pmu","tag-savings-plan"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/26621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=26621"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/26621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/11766"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=26621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=26621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=26621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}