Tag Archives: racing right

British horseracing pulls together with new tripartite structure

British horseracing is entering another new era after agreeing a tripartite structure for governance of the sport. In what it is describing as ‘a landmark moment in the history’ of British Horseracing, the industry’s major stakeholders have signed a Members’ Agreement, which in theory allows it to act in a unified manner, with the major stakeholders making strategic decisions for …

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BHA’s Nick Rust defends Racing Right as a “fair and reasonable return”

British Horseracing Authority Chief Executive Nick Rust insists racing is seeking a “fair and reasonable return” from bookmakers under the proposed new Racing Right. Chancellor George Osborne announced the introduction of the new scheme in Wednesday’s budget, with the idea seen as the replacement funding mechanism to the 1963 Horserace Betting Levy. It would apply to all bookmakers, wherever located, who …

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Chancellor gives green light to horserace betting right

Cheltenham offer

Chancellor George Osborne has seemingly given the go-ahead for the long-standing Horseracing Levy to be replaced by a ‘betting right’ – presumably meaning that bookmakers will have to pay racing for the privilege of taking bets on the sport. In today’s Budget announcement, Osborne said that the Government was ‘introducing a horseracing betting right’ , although there was scant other …

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