British racing - the structure of the industry. Joe Rendall, British Horseracing Authority
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1 British racing - the structure of the industry Joe Rendall, British Horseracing Authority
2 British racing headline numbers
3 THE NUMBERS The British racing industry World-leading in international Racing Second highest attended sport in Britain Ingrained in British sport, culture and society Significant economic impact: 3.45bn annual expenditure Direct, indirect and associated fulltime employment for tens of thousands Generates substantial inward investment in UK PLC Huge geographical breadth Racecourses, Training and Breeding yards, associated infrastructure Predominantly rural impact
4 THE NUMBERS British racing by numbers Britain s second largest sport by jobs, revenues and attendances Record prize Money of 142m in 2017 Betting turnover of 11bn annually 5.95m attendees at race meetings in of the top 10 highest attended, annually held sporting events Most broadcast sport on free-to-air television ITV deal through to Royal Ascot 4 Cheltenham 9 Epsom Derby 10 Grand National
5 THE NUMBERS Racing s key metrics (Indexed and actual) since Levy 99.6m 74.8m 64.6m Fixtures 1,415 1,456 1,497 Races 8,877 9,647 10,288 Avg. Field size Owners 9,550 8,215 8,027 Horses in training Prize money 15,494 13,696 14, m 97.7m 142.5m
6 British racing the structure
7 The industry (structure?)
8 The industry structure Funding Governance and Regulation Promotion / Commercial British Horseracing Administration Horsemen Racecourses
9 Governance and regulation British Horseracing Authority A merging of the core functions of British Horseracing Board (Governance) + Horseracing Regulatory Authority (Regulation) (The Jockey Club) - Commercial activity Formed in 2007 Chairman Steve Harman 11 strong Board of Directors Chief Executive Nick Rust Supported by team of eight Executive Directors covering broad range of BHA s responsibilities
10 BHA strategic objectives for 2018 Equine welfare leadership Keeping racing fair and clean To partner in growing British racing together Competitive and compelling racing World class racing Looking after our people
11 The BHA s responsibilities Licensing Regulating racecourses Rules compliance Fixture list and race planning Handicapping Racing administration Raceday operations and regulation International liaison and guardianship of the Pattern and Listed race programme Medical services Leadership of equine welfare Industry careers marketing, Industry recruitment, training and retention Participant health and welfare
12 Administration - Weatherbys Founded in 1770 Based in Wellingborough Responsibility for the Stud Book Administers Racing under BHA contract with roles including: Race Registrations Publishing Race Programme Generating pre-race information for racecards Financial services
13 Racecourses EXCLUDING TOWCESTER Name Title 14 Courses Name Title 16 Courses Large Independent racecourses Small independent racecourses Racecourse Groups 60 British Racecourses
14 Horsemen Horsemen s Group NASS NTF ROA TBA PJA Owners Trainers Jockeys Stable Staff Breeders
15 Members agreement MEMBERS AGREEMENT MEMBERS COMMITTEE leading the industry
16 Central promotion Great British Racing Also part-funded by BHA and HBLB Name Title Name Title BHA an observer at Board Meetings Racing Enterprises Ltd Name Title Name Title
17 Funding Racing s cashflow KEY ISSUES LEVY REPLACEMENT
18 Funding HBLB and the Levy Horserace Betting Levy established in 1961: The Levy is paid by bookmakers for the purposes of aiding the horseracing and equine sector; it recognises the mutual interest racing and betting share in a thriving racing industry. Administered currently by Horserace Betting Levy Board Crucial reform to Levy passed in 2017
19 British racing the issues
20 KEY ISSUES What challenges do we face? Changing attitudes to animal welfare Brexit free movement, Irish border Gambling, funding & FOBTs
21 Questions
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