• Jockey Club Racecourses and Arena Racing unite over funding shortfall
• Nick Rust: Bookmakers should do the accurate thing and partner with usBritain’s most powerful racecourse groups said on Tuesday that they will adopt a range of measures,including a ban on new sponsorships by bookmakers that build no contribution to the sport from offshore earnings, as fraction of a concerted effort with the British Horseracing Authority to address a haemorrhage” in funding from the Levy system.
All racing turnover on offshore internet sites is beyond the reach of the statutory Levy system, and which has returned money to the sport from high-street betting shops for half a century. As more betting turnover moves online,the BHA estimates that the sport is currently losing £30m annually as a result, a figure that can be expected to increase in future years. Related: BHA virtual scrapping of maidens may not bowl over everyone in racing Continue reading...
Source: theguardian.com