21 Apr 2010 Pre-2014 Releases

The British Horseracing Authority is pleased to confirm that Paul Roy will serve as Chairman for a second three-year term.

All of the Authority’s member organisations, acting through their role on the Authority’s Nominations Committee, have given their unanimous approval to his chairmanship in proposing his re-appointment to the role.

At a meeting on Monday, the other directors on the Authority’s Board were delighted to accept the recommendation of the Committee and offer the continuing role to Paul, which was duly accepted.

Paul became Chairman of the newly-formed Authority on July 31st 2007 after a brief period as chairman of its predecessor, The British Horseracing Board.

He said: “Looking ahead to the next three years as Chairman, I will continue to address two major challenges British Racing faces. The first is funding – we have to generate the right level of income through a modernised Levy to meet Racing’s needs.

“Secondly, we must promote change, broadening the sport’s appeal to a wider and greater audience. I am confident that Racing for Change has built a significant foundation from which to do this, with many initiatives to be trialled and launched in the near future.

“As we move forward, British Racing must continue to be of the highest quality and regarded as the most attractive racing experience for racegoers throughout the world.”

Notes for Editors:

1.            The Member Organisations are the Racehorse Owners Association, the Racecourse Association, the Thoroughbred Breeders’ Association and the Licensed Personnel Member, a joint representation of the National Trainers Federation, Professional Jockeys Association and National Association of Stable Staff.

The members of the British Horseracing Authority’s Nominations Committee are:

        Ian Barlow – Chairman, Racecourse Association;

        Paul Dixon – President, Racehorse Owners Association; and

        Paul Roy, with Paul Roy stepping down from the Committee for the purposes of this process.

  1. About the British Horseracing Authority:

It is the British Horseracing Authority’s role to ensure the continued health and successful development of the sport. As both the Governing and Regulatory body it is the British Horseracing Authority’s responsibility to:

  • provide the most compelling and attractive racing in the world;
  • be seen as the world leader in raceday regulation;
  • ensure the highest standards for the sport and participants, on and away from the racecourse;
  • promote the best for the racehorse; and
  • represent and promote the sport and the industry
  1. Paul Roy Biography:

Paul Roy founded NewSmith Capital Partners, an independent investment management firm in 2003, having spent over 30 years in the investment banking and securities industry. He was previously Chief Executive of Smith New Court plc and following a merger in 1995 joined Merrill Lynch. Head of Merrill Lynch Global Equities division from 1999 to 2001, he became co-President of its Global Markets and Investment Banking Division, with responsibility for Merrill Lynch’s worldwide Investment Banking, Debt and Equity Markets businesses. He and his family are keen owners and breeders, with horses in training with Jeremy Noseda, Ed Dunlop, Richard Hannon, George Baker and Nicky Henderson.  As a member of The Searchers syndicate, he enjoyed Group 1 success in 2009 with Fleeting Spirit winning the July Cup. He is a member of the Horserace Betting Levy Board, Chairman of NewRiver Retail plc, non-executive director of Cenkos plc, Chairman of the University of Liverpool Development Foundation and Vice President of the Philip Leverhulme Equine Hospital.

Paul Roy succeeded Martin Broughton as Chairman of the British Horseracing Board in April 2007.