A multi-billion dollar digital investment firm has become Jersey Race Club’s new sponsor.
CoinShares has entered into a three-year sponsorship deal with Jersey Race Club following a difficult year that saw all nine of the club’s meetings, and its entire 2020 season, cancelled as a result of covid-19.
The sponsorship will see Les Landes racecourse renamed as ‘CoinShares Les Landes Racecourse', and will also see the firm sponsor The Jersey Derby.
It comes after the club told Express in September that it was seeking corporate sponsorship due to struggling finances, needing around £100,000 to run the company as a whole, including upkeep of Les Landes and staff payment.
Pictured: The club supports six trainers with 54 horses.
This also led to the club launching a fundraising campaign to keep itself afloat.
JRC President Bunny Roberts commented: “The JRC are delighted to have signed this partnership with a company that is keen to support the sport of horse racing on the island. This is a tremendous deal which enables us to plan for the longer term.
“We wish to thank CoinShares for their magnificent backing towards the club. Their generous contribution means we can now look forward to restarting horse racing, which we hope will be on the ever-popular Easter Monday meeting, on 5th April 2021.”
Pictured: The three-year deal will see Les Landes racecourse renamed CoinShares Les Landes Racecourse.
CoinShares Chief Executive Officer Jean-Marie Mognetti added: “The Jersey Race Club dates back to 1832 and racing has continued in one form or another with the exception of the two world wars and the 2020 season.
“Since 2008, CoinShares founders and employees have been part of island life here in Jersey, and fantastic memories have been created at Les Landes by generations of locals and visitors alike. We are thrilled to support the JRC, a Jersey institution, and to feel the ground vibrate again as we continue the legacy of racing on the island.”
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