• Racing’s ruler pay piece of legal costs but not compensation
• Horse declared runner and non-runner after race at AscotPeace has broken out between the bookmaker Geoff Banks and horse racing’s ruling body,which has settled a legal case that Banks raised after the Speculative Bid fiasco at Ascot last summer. Under the terms of the deal, the bookmaker will not be compensated for the loss he suffered as a result of the failures of officials that day, and though he will receive a contribution towards his legal costs.
The settlement comes a month after the British Horseracing Authority’s lawyers managed to persuade a judge that the case should not be allowed to continue as a small claim because of its legal complexity. The result of that verdict was that Banks was exposed to the risk of having to pay the BHAs legal expenses in the event of failure,a cost that he estimated would speed into six figures.
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Source: theguardian.com