Jockey Club Catering extends to 2025
11th July 2013
Jockey Club Racecourses, the UK’s largest racecourse group(1), and Compass Group UK & Ireland, the leading provider of food and support services in the UK & Ireland, today announced a six-year extension to their catering venture, Jockey Club Catering. This extension will see the partnership continue until at least 2025 and is worth an expected £300m in turnover.
Jockey Club Catering launched in 2009 with an initial ten-year partnership agreement to provide top quality catering, hospitality and service at The Jockey Club’s racecourses nationwide, which include those at Aintree, Cheltenham, Epsom Downs and Newmarket.
Since its inception, Jockey Club Catering has proved highly successful, driving growth in catering revenues at The Jockey Club’s 15 racecourses, while expanding and enhancing the food and beverage offer, facilities and experience for guests enjoying a day at the races.
Paul Fisher, Group Managing Director of Jockey Club Racecourses, said:
“We’re delighted to reach agreement with Compass on this extension, which is a sign of our confidence in the partnership and the people on the ground working hard to make it a success. Jockey Club Catering is key to the high quality experience we offer our customers and generates important revenues we reinvest back into British racing.
“Jockey Club Catering has taken our catering offer to another level and seen significant investments in new and upgraded facilities we offer customers on racedays and at our thousands of non-racing events staged at our venues every year. With this long-term deal I look forward to that going from strength-to-strength, such as through our forthcoming £45m planned development at Cheltenham Racecourse.”
Colin Bailey, Managing Director for Sports, Leisure and Hospitality at Compass Group UK & Ireland, said:
“Over the past four years we have worked hard to build an excellent relationship with Jockey Club Racecourses and the customers we serve, something the continuation of our partnership demonstrates. Key to this are the aligned values of both organisations and a commitment to delivering the very highest quality of hospitality for our guests. We are extremely pleased to continue working with Jockey Club Racecourses and really excited about the future as we continue to develop our first-class hospitality together.”
(1) By turnover (£141.2m), racecourses (15), attendances (2012: 1.8m), quality racing (Group and Graded), total prize money (2012: £35.3m) and contribution to prize money (2012: £16.5m)