Nick Rust

British Horseracing Authority Chief Executive Officer Nick Rust will step down from his position at the end of 2020 after nearly six years of leading British racing's governing body and regulator. Rust said in a letter to BHA staff on Tuesday, "I've spent much of the past year reflecting on my situation after my personal bereavement at the end of 2018. I wanted to let you and the BHA know my decision and plans well ahead of leaving to allow plenty of time for a successor to be identified and...

In an announcement described as “truly historic” by the British Horseracing Authority's Chief Executive Nick Rust, British racing will receive a new funding system from next April after the government confirmed its intention to replace the current Horserace Betting Levy. Under the new model, racing will benefit by being able to recoup charges from bookmaking firms for all bets on the sport, thus closing the loophole which currently exists for operators based offshore and for remote betting through online devices, which accounts for almost 50% of bets placed on horseracing....