James Halley has announced that he is to leave his position as BHB’s Finance Director after an appropriate transition period. Explaining his decision, he said:

“When I accepted the position in summer 2001, the two main attractions were the development of BHB’s commercial focus and the transfer of responsibilities from the Levy Board to BHB which was anticipated for the spring of 2003.

“The Levy Board’s responsibilities are now unlikely to be handed over before 2006, while BHB’s current commercial responsibilities are nearing maturity and it appears likely that in future these will be transferred to a new entity within British Racing.

“I am proud to have played my part in the progress that has been achieved these past three years and grateful to the outstanding team with which I have worked. I am very sorry to be leaving BHB but foresee the role offering little further challenge and have decided that now is the appropriate time to move.”

Greg Nichols, Chief Executive of BHB, said today: “James has made a major contribution at BHB and has deservedly earned respect across the sport. He has a real passion for Racing and has always been dedicated to its best interests. James has helped to put in place a highly competent team to manage BHB’s financial affairs and his many friends at Portman Square will be very sad to see him go. However, we fully respect the reasons for his decision.”