Greg Nichols, chief executive of the British Horseracing Board for the past four years, will relinquish the post of running British racing's ruling body later this year.
The program of Pattern races for fillies and mares in Britain in 2004 will see a new group I race, with Newmarket's Falmouth Stakes, won by the likes of Proudwings, Sonic Lady, and Al Bahathri, upgraded from group II status.
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