Peter Savill, who will step down at the end of June after six years as chairman of the British Horseracing Board, announced an agreement June 10 that should end the Office of Fair Trading's investigation into British racing. Businessman Martin Broughton will take over from Savill.
- By Mark Popham
Peter Savill, entering the final year of his chairmanship on the British Horseracing Board, has warned that the racing industry in Britain is under grave threat.
Profound changes to the way British racing operates were announced Monday by a review committee chaired by British Horseracing Board chairman Peter Savill.
One of the six main recommendations put forward today by the British Horseracing Board's review committee is to maintain and develop the British breeding industry.
Prize money in Britain during 2003 will top £100 million for the first time, and minimum values are being raised considerably, but not by as much at the bottom end as wished for by the Racehorse Owners' Association (ROA).
The forceful and determined Peter Savill, who is seeking to win battles with bookmakers for more funding, will remain chairman of British racing's ruling body, the British Horseracing Board, for another two years.
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