The Horseracing Betting Levy Board (HBLB) has issued a ‘going concern’ notice on the funding scheme’s ability to continue after it published a troubling set of financial results today. This morning, HBLB declared its annual report and accounts for 2020/2021 to DCMS, revealing that betting levy receipts taken for the year ending March 2021 had fallen to £82 million (2019/2020: …
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BHA – UK Snap Election to have no impact on UK Racing Levy progress
The governance of the British Horseracing Authority (BHA) has stated that the snap UK General Election will not delay the introduction of UK racing’s central funding levy system. Last week Nick Rust Chief Executive of the BHA, confirmed that the Levy system had been approved by the European Commission, clearing a final hurdle for racing stakeholders. “With the final, outstanding …
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