Monday, 2 March 2009

Wanted: heavy to stop the levy running dry

The Secretary of State for Culture, Media and Sport is advertising for a new chairman of the Horserace Betting Levy Board - the body that decides how much of the bookmakers' profits go to racing each year.
This is always a contentious issue (and relations between racing and the bookmaking industry are getting increasingly acrimonious) as the bookmakers always argue they should be paying less, while racing (obviously) presses for more.
For eight to ten days a month the successful candidate can earn £63k a year, which may not be enough to referee this ongoing scrap.
As the job ad says: "The new Chair [sic] will be an excellent negotiator and problem solver." You can say that again.

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