Levy Board

At the time, one doesn't know if a minor skirmish will turn out to have been the opening salvo in a protracted war or merely a here-today-gone-tomorrow storm in a tea-cup. Regarding British racing's latest contretemps, we can only guess what will follow; but it is likely that the unexpected decision by Flutter (the parent company of several major bookmaking firms including Paddy Power and Sky Bet) not to take bets on Wednesday's meeting at Bath is merely the start of a major shake-up of the sport's finances. Flutter's decision...

During a time when racing's finances are under increasing pressure, there was some good news in Britain on Friday from the Levy Board with the prediction that the Levy income for the year which ended March 31, 2020, will be in the region of £97m. That figure, which is up on the previous forecast of £90m to £95m, is derived from provisional submissions to date from the majority of Levy-paying bookmakers. "It is very welcome that Levy yield for the past year looks like being in line with if not...