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Britain’s richest race the Champion Stakes confirms it has cut its purse from £1.3m to £750,000 ...

Prize-money for this year's Qipco British Champions Day at Ascot has been slashed by £1.7 million. Last year’s £4.2m in prize money over six races, including four Group Ones, will drop by 40% to £2.5m.

The Champion Stakes will have a purse of £750,000, which makes it the most valuable race in Britain this year but worth substantially less than the £1.3m on offer in the 2019

The Queen Elizabeth II Stakes has been dealt a similar cut, down to £650,000 from £1.1m, while the pot for the Balmoral Handicap has more than halved, with £100,000 available having been worth £250,000 last year.

Both the Champions Sprint and the Fillies & Mares Stakes have been cut to £350,000 (from £550,000) and the Long Distance Cup is now worth £300,000 (from £450,000).

This will be the tenth year of British Champions Day and it is not yet known if racegoers will be in attendance due to a spike in Coronavirus cases.

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