A savings plan created by France Galop's Task Force and approved by the board of directors, is expected to save the organisation approximately €29.8 million, according to Jour de Galop. France Galop's president Guillaume de Saint-Seine gave members of the committee the first look at the plan on Thursday morning after its approval on Tuesday.The savings is largely borne by France Galop itself, and, unlike the 2025 plan, it does not rely on reductions in prize-money or incentives. No closures of France Galop sites are being considered at this stage.The plan's approval comes after news on Friday concerning the financial state of French racing, the unique challenges it faces, and new initiatives launched to combat those issues. The main aim is to return France Galop to financial equilibrium by 2029. The details of the plan are as follows:€5 million linked to adapting France Galop's organisational structure, notably via a collective voluntary departure scheme (approximately 40 positions);€7.1 million in operational efficiencies;€1 million through the suspension of certain stimulus measures;€2 million from the Eperon Fund;€3.7 million for HRM (Equidia)€1.4 million for Afasec;€3.8 million for the F.N.C.H.In addition to the above €24 million in cost savings, France Galop expects €5.8 million in additional revenue. De Saint-Seine also confirmed that certain initiatives, like the Horses in the City campaign, are too costly to continue at this time.“There will be no closure of any racecourse or training centre,” the France Galop president said during a Thursday evening press briefly. “On the other hand, we still hold non-strategic real estate [at Saint-Cloud, Chantilly and Deauville] assets regarding which we are entitled to consider our options. Is it our vocation to own apartments here or there? My answer is no: I do not believe our vocation is to act as a landowner for assets that are not directly tied to France Galop's operational activities.”As it currently stands, neither the PMU's 2026 budget, nor its parent companies has been approved.Added De Saint-Seine, “The PMU presented us with a medium-term plan. They sent us a second version in mid-May, and we are continuing to work on it.“There is a need to reinvest in the PMU, and this inevitably translates into a reduction in the PMU's financial contribution. However, it is also imperative that we have a 2026 budget adoption quickly.”Going forward, France Galop is starting to launch several fundamental initiatives, beginning with tweaking the racing calendar.Said De Saint-Seine, “We are going to undertake a project involving the mapping of racecourses, as well as an analysis of 'premium' and PMH tracks. This review must address a range of issues: infrastructure, staffing levels, track safety, the balance between regional and Parisian racecourses, and the appeal of racing to both bettors and the general public.”The post Task Force Savings Plan Approved By France Galop appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.