{"id":991049,"date":"2026-05-28T23:02:19","date_gmt":"2026-05-28T23:02:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/991049\/"},"modified":"2026-05-28T23:02:19","modified_gmt":"2026-05-28T23:02:19","slug":"task-force-savings-plan-approved-by-france-galop","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/991049\/","title":{"rendered":"Task Force Savings Plan Approved By France Galop"},"content":{"rendered":"<p>A savings plan created by France Galop&#8217;s Task Force and approved by the board of directors, is expected to save the organisation approximately \u20ac29.8 million, according to Jour de Galop. France Galop&#8217;s president Guillaume de Saint-Seine gave members of the committee the first look at the plan on Thursday morning after its approval on Tuesday.<\/p>\n<p>The savings is largely borne by France Galop itself, and, unlike the 2025 plan, it does not rely on reductions in prize-money or incentives. No closures of France Galop sites are being considered at this stage.<\/p>\n<p>The plan&#8217;s approval comes after <a href=\"https:\/\/www.thoroughbreddailynews.com\/we-are-in-survival-mode-france-galop-launches-fightback-in-wake-of-finance-cuts\/\" rel=\"nofollow noopener\" target=\"_blank\">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<p>&#13;<br \/>\n    &#13;<br \/>\n    &#13;<\/p>\n<ul>\n<li>\u20ac5 million linked to adapting France Galop&#8217;s organisational structure, notably via a collective voluntary departure scheme (approximately 40 positions);<\/li>\n<li>\u20ac7.1 million in operational efficiencies;<\/li>\n<li>\u20ac1 million through the suspension of certain stimulus measures;<\/li>\n<li>\u20ac2 million from the Eperon Fund;<\/li>\n<li>\u20ac3.7 million for HRM (Equidia)<\/li>\n<li>\u20ac1.4 million for Afasec;<\/li>\n<li>\u20ac3.8 million for the F.N.C.H.<\/li>\n<\/ul>\n<p>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<p>\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&#8217;s operational activities.\u201d<\/p>\n<p>As it currently stands, neither the PMU&#8217;s 2026 budget, nor its parent companies has been approved.<\/p>\n<p>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<p>\u201cThere is a need to reinvest in the PMU, and this inevitably translates into a reduction in the PMU&#8217;s financial contribution. However, it is also imperative that we have a 2026 budget adoption quickly.\u201d<\/p>\n<p>Going forward, France Galop is starting to launch several fundamental initiatives, beginning with tweaking the racing calendar.<\/p>\n<p>Said De Saint-Seine, \u201cWe are going to undertake a project involving the mapping of racecourses, as well as an analysis of &#8216;premium&#8217; 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&#8217;s Task Force and approved by the board of directors, is expected&hellip;\n","protected":false},"author":2,"featured_media":991050,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5309],"tags":[4501,2000,299,105198,36,80268,275224,275225,156181,275226],"class_list":["post-991049","post","type-post","status-publish","format-standard","has-post-thumbnail","category-france","tag-cost","tag-eu","tag-europe","tag-financial-plan","tag-france","tag-france-galop","tag-french-racing","tag-guillaume-de-saint-seine","tag-pmu","tag-savings-plan"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116654699266124614","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/991049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=991049"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/991049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/991050"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=991049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=991049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=991049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}