Monday morning, an important PMU Board of Directors meeting on the future took place. At the heart of this confidential meeting, attended by representatives of the institution, the PMU and the State as well as two external administrators, was the 2025 budget. A divisive budget this time, the fact that the PMU has revised downwards the net profit distributed to the sector during the year being more or less well digested. From 851 million euros budgeted, this figure increased to 838 M€ this summer and to 835 M€ now, the demonstration on November 7 and the cancellation of the races due to snow on the 21st having passed through. “The 2025 budget was voted by the majority of people with the right to do so, delivers a source close to the case. The PMU therefore has a budget and a 3-year plan. Only the representatives of a parent company, namely the SETF, remained in their positions by voting against.” What concerns the opponents of this budget are the projections imagined by the PMU with a redistribution which would subsequently increase from 835 to 845 million euros without relying on major innovations, the PMU still being in IT work in order to to make it more agile. If one or more audits could be carried out in the spring, on the side of the historic operator, we intend to outperform by relying in particular on the sales force; there have never been as many points of sale in France as there are currently, i.e. 14,200. Will the PMU succeed in achieving its objectives as was often the case in the past? Trotters doubt it, gallopers much less. According to specialist memory, such a dissension between the two parent companies is hardly common and never with the old statutes, one of the two associations would have found itself in the minority at the time of the votes.
Also read:
– PMU: a much-discussed 2025 budget
– The PMU revises the net result downwards by 13 million euros
– Gallop: concern emerges from the “PP” exchanges
