Carnegie Named to British Racing Position

His job will be to help attract new foreign investment to British racing.

Former Breeders' Cup executive Carter Carnegie has been appointed international executive for Great British Racing International, an entity established to attract new foreign investment in the sport. He began his duties Aug. 12.

According to a release, Carnegie will be responsible for the "development and implementation of a strategic plan to attract new investment in British racing, primarily in bloodstock but also broader commercial investment."

Carnegie, who operates U.S.-based service company Metrical, served as senior vice president of Breeders' Cup and has worked within commercial sports development for 18 years, including programs associated with the NBA and NFL, according to the release.

"The lead role at GBRI requires a strong and specialized skill set with a balance of international racing experience, an understanding of the bloodstock industry, and high level commercial expertise," Great British Racing chairman Chris McFadden said in a statement. "Carter has been able to demonstrate these, principally through his roles at the Breeders' Cup.

"Great Britain hosts some of the best racing in the world, and the industry's stakeholders have agreed that our unique assets provide a serious opportunity to attract greater investment from high net worth individuals and companies. We feel Carter will add tremendous value to GBRI and help us to achieve our objective of delivering new income to British racing."

"I look forward to working with and on behalf of all the various constituents of the British racing and breeding community in developing initiatives targeted at foreign investment in the sport as well as promoting the values and prestige affiliated with racing and breeding in Britain," Carnegie said in a statement.

GBRI is funded by Great British Racing, the British Horseracing Authority, and the Horserace Betting Levy Board.