Racing: Sparrow expects to survive

Wednesday 09 June 1993 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

THE CHAIRMAN of the Levy Board expects that there will still be a role for his organization when his term of office ends at the start of 1997, despite the desires of the British Horseracing Board to take over the role of collecting punters' contributions from the bookmakers.

Sir John Sparrow, whose reappointment by the Home Secretary as Levy Board chairman for another three years was announced yesterday, said he did not expect to be the last chairman of the board.

The BHB, which today takes over the function of racing's governing body from the Jockey Club, has stated its wish to negotiate directly with the bookmakers without the mediation of the Levy Board.

'I hope this indicates that the Levy Board will continue for as long as I have been appointed,' Sir John said. 'If somebody thought of another effective way of getting comparable sums of money, it would be taken seriously.

'The (BHB's) idea is for one party to take over a quasi-taxation activity and taxation is not normally privatised.'

The Levy Board's contribution to prize money for 1994 is set to rise by pounds 1.2 million to pounds 27 million.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in