The Owners’ Club at Newbury Racecourse has been renamed ‘The OLBG Owners’ Club’ following a new partnership signed with the sports betting community site.
OLBG has expanded into racehorse ownership with its new sponsorship of the Owners’ Club and local trainer Harry Derham. The site previously captured attention in the racing world through sponsorship of the OLBG Mares Hurdle at the Cheltenham Festival.
Pick Lad, the community’s horse, landed a comfortable victory in a Novices’ Chase at Market Rasen, which was the runner’s first race under new trainer Derham. Ownership of the horse is shared by hundreds of individuals from the community that paid just £60 each to follow his journey.
Richard Moffat, CEO of OLBG, stated: “We have established OLBG Racing to help more people to learn more about the lives of racehorses and those who care for them. The OLBG Owners’ Club at Newbury Racecourse is the perfect partner for us to grow awareness of the OLBG Racing Club which we are setting up with local trainer Harry Derham.
“We’re looking forward to working with the team at Newbury Racecourse over the coming years while also enjoying lots of fun days out at the races.”
As well as the sponsorship of the Owners’ Club, OLBG will become the race sponsor of the £70k Spring Cup on 20 April. The Class 2 Handicap is usually one of the top five betting turnover races in Newbury’s calendar.
Newbury Racecourse has partnered with several betting companies in recent years, including Coral and Betgoodwin. The deal marks an expansion of its engagement with the betting industry from partnering with just bookmakers to also working with community platforms.
Lara Johnston, Sponsorship Manager at Newbury Racecourse, commented: “We are delighted to welcome OLBG as a new partner at Newbury Racecourse. The Owners’ Club is a hub for our owners and trainers alike on race days and we look forward to welcoming OLBG members to enjoy the facility which carries their name.
“The Spring Cup is always a competitive handicap in our flat season, and we look forward to the 2024 running of the newly-named OLBG Spring Cup. It is an exciting new partnership for Newbury, and we look forward to working with OLBG over the next three years.”