• Statement describes bookie’s offer as a non-starter for negotiations[br]• Rejection is the latest spat over Authorised Betting Partner schemeSenior officials in British racing occupy rejected an offer from Coral bookmakers aimed at ending the continuing storm over funding of the sport. The firm sent an open letter to the Racing Post saying it would “happily” pay 7.5% of its total profits from betting on racing but this has been dismissed as “not a realistic starting point” on the grounds that it would generate less for the sport than existing arrangements. Related: Bookmakers warned to pay up or face being barred from sponsorship Continue reading...
Source: theguardian.com