Mahalaxmi In
Focus
By Vivek Jain
The Mumbai Racing Season is well into its "warm weather" phase and
relaxation of the dress regulations to the hallowed Members Enclosure
since early March was a step in recognition of the same! With barely a
month of the season left and the "plums" more or less over, the RWITC
think tank will have to strain muscle and nerve to keep the turnstiles
ticking. The Committee has scheduled only 46 race days at Mumbai this
season as against the usual 55 by cutting back on some mid week days and
thankfully not racing into May. This is a direct fall out of the sharply
declining horse population.
July racing at Pune has already been axed
and the number of race days at the Monsoon centre sharply reduced as the
effective racing strength at Pune could be well under 1000 horses. With
a top heavy administration and high cost structure, the RWITC now incurs
an unprecedented direct loss on every race day held in Western India. A
few years ago the RWITC slipped well behind sister clubs in its prize
money pay out to owners, a reflection of constraints on its reserves.
Last July, the Club upped this by a whopping 60% piggybacking on the
advance of Rs.10 crores it got for the Pegasus project. The owners have
breathed easy since, but this move has started to hurt the financials.
The RWITC has been forced to withdraw its contribution in sponsored
group races and fewer races will be run, as the Club is staring at a
heavy loss for the year 2004/05.
The cumulative earnings from tote and
bookmakers betting (the main revenue source) is sharply down on last
year even after accounting fixed odds betting where profit is
unpredictable and in any case has averaged less than that of the tote. A
concerted effort at the rationalizing taxation levels has to be made for
any upswing to happen. Sponsorships, a usual area of strength for the RWITC, are a cause of concern.
The UB Group, a long time supporter of
racing in Western India has withdrawn from four classics. Bombay Dyeing
was conspicuous by its absence on the C N Wadia Cup Day and the much
hyped "match of legends" was gimmicky at best. Though the Marketing
Committee is working on proposals, an all out effort to get the crowds
back is clearly the need of the hour to keep Mahalaxmi in focus. And
finally, a word on the race track, the pride of Indian and indeed, as
some believe, of Asian racing. There has been glaring inconsistency in
watering norms, especially on the big days. When this happens once too
often, eyebrows do get raised. With fewer race days the track should
have been at its best and certainly run true and firm on every Sunday.
The stewards cannot take this aberration lightly if the punting public
has to keep its faith in the integrity of racing in Western India.
The Turf Authorities of India would do well to
re-look at the all-India racing calendar for the year taking into
consideration the horse strength at each centre, clash of classic days
and the weather with a view, of course, to maximize returns for each
Club.