BHA statement regarding EU Referendum result

24 Jun 2016 Financial/Political

In relation to the result of the EU Referendum which was held on Thursday 23 June 2016, Will Lambe, Director of Corporate Affairs for the British Horseracing Authority (BHA), said:

“The BHA will work closely with Government contacts including in particular officials from DCMS and Defra, as well as other sporting bodies, to represent the interests of British horseracing in the discussions and decisions that will follow on from today’s result.

“It is too early to assess the implications of the vote on the sector as a whole. Racing has however been proactive in considering the implications of a Leave vote and identifying the areas in which it might be impacted. These include any possible effects on trade, betting regulation, equine welfare and the movement of horses and employment laws. The expectation is that there will not be a substantial impact on most of these areas, or the overall regulation and running of the sport, certainly in the short term.

“DCMS are continuing to work towards the replacement of the Levy by April 2017. This work is at an advanced stage in a number of areas, with significant groundwork already laid, and the key piece of domestic and primary legislation which provides for an income stream for British Racing from all forms of betting activity, including that through offshore remote betting operators, has already been passed. It is likely that there will still be a requirement for some degree of European clearance but this will still be based on the clear precedent in France.

“The replacement of the Levy was and is a Government commitment, with full cross-party backing and support right across the Conservative Party. There is strong, and still growing, recognition of the sport’s economic, cultural and social importance right across the country.”