Nic Coward, a lawyer and former top soccer administrator, was announced on November 20 as the first chief executive of the British Horseracing Authority, which will take over responsibility for running British racing early next year.
Martin Broughton, the chairman of the British Horseracing Board, today suggested a statutory contribution to horse racing from bookmakers and betting exchanges as a means of financing the industry.
British racing's ruling body, the British Horseracing Board, has slashed budgets for 2005 in the light of losing a court case around database rights.
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