Commenting on the outcome of today’s Levy Board meeting, BHB Chairman, Peter Savill, said:
“”We welcome the Levy Board’s decision to reject the derisory offer submitted by the Bookmakers’ Committee.
“”Far from representing a real increase, the offer amounts to less than the Levy Board received in 1997/98 indexed for inflation since that date.
“”The offer is nowhere near enough to address the needs of racing identified in the Financial Plan and, with betting industry profits up by 拢250m since 1995, it fails to reflect the betting industry’s capacity to pay.
“”We urge the betting industry to come back with a substantial offer next week.””
BHB CALLS FOR ‘SUBSTANTIAL’ NEW OFFER FROM BOOKMAKERS
20 Oct 1999
Pre-2014 Releases
