Decision could be taken on bookmaker profit levy
Equine insurance customers could be facing changes to the way that horse racing is funded, according to a report.
Tim Franks, sports news correspondent for the BBC, said that for the past 50 years, the sport has been funded by a levy on bookmakers' profits, however, this year, no agreement has been made, which could see secretary of state for the department of culture, media and sport Jeremy Hunt intervene.
Mark Tompkins, chairman of the Newmarket Trainers' Federation, warned that people are going out of business all the time.
He went on to suggest that equine insurance customers in the industry will "really struggle", predicting only 20 of 85 trainers in Newmarket will survive.
"We still have the best horses in the world. We just don't want the bookmakers to take all the money away from the races," jockey Frankie Dettori told the news source.
The next major meeting is the Breeders' Cup Turf race at Churchill Downs, which takes place on November 6th.
October 26th 2010
- Bechtolsheimer claims individual dressage silver medal
- Horse insurance: Always a chance of an accident happening
- Shetland pony claims carriage-pulling competition
- Equine insurance customers told to keep horses safe
- Horses rescued from a sea of filth in Northern Ireland
- Britain grabs dressage silver at World Equestrian Games
- Equine insurance: Coleen Nolan on gas following horse accident
- Horse insurance customers not given enough swamp fever information
- Horse insurance customers grateful for donations
- Coleen Nolan accident highlights importance of horse insurance
- Put down horse highlights need for equine insurance
- Pony takes to streets to raise money for charity
- Horse insurance customers warned over wholewheat dangers
- Spiked Apple Attack on Equines
- Horse insurance customers told of radical changes to fixture list
- Equine insurance highlighted after Equestrian Games steed picks up injury
- RSPCA backs action against spiked apple yobs
- Equine insurance: Canford Cliffs confident ahead of Ascot race
- Jockey set for spell on sidelines after fall
- Equine insurance: Dog walker warns of dangers of horses
- Olympic equestrian dream shattered
- Horse Rampage Leads to Shooting of Two Equines