Great British Racing International (GBRI)
…which has been funded by Racing Enterprises Limited (REL), the Horserace Betting Levy Board (HBLB) and the British Horseracing Authority (BHA) for the last three years, has received an extension to its funding for a minimum of two more years. This follows a business review of GBRI’s activities.
Due to current industry funding challenges, with reductions in the Levy and cuts to the BHA budget, the REL board has agreed to fund GBRI directly in 2016 and in 2017.
Chris McFadden, Chairman of REL said: “The business review demonstrated that much had been achieved by GBRI since its launch in 2013. The activities of GBRI have proven to be significant in attracting and maintaining international investment and a powerful marketing platform on which to promote the global excellence of British racing and bloodstock. With limited financial means, the GBRI team has done a terrific job in creating value for the industry.
The review indicated support for the core functions of GBRI amongst key racing professionals. The REL board felt it was important that GBRI’s work continued, since the organisation has shown in a short amount of time to have become a valuable resource in growing international investment.”
Philip Freedman, Chairman of The Horsemen’s Group said: “The Horsemen’s Group fully supports GBRI’s continued funding. It plays an important role in working with all those promoting investment in British Racing, in particular through its concierge service which assists so many international customers.”
With GBRI funding secured, Carter Carnegie, who was recruited on a two-year contract to launch and lead the daily operations of GBRI as International Executive, will conclude his role at the end of December 2015. He will continue to serve GBRI on a consultancy basis and will be retained to provide assistance and representation at selected international events.
James Oldring has been appointed GBRI’s Operations Director and will lead the GBRI team in addition to his responsibilities at QIPCO British Champions Series.
International Executive, Carter Carnegie said: “I wish to thank the GBRI Board, the British racing stakeholder network and all of the racing professionals for giving me the opportunity to work with them to build the GBRI platform.”
Chief Executive of REL, Rod Street said: “Carter’s professionalism and enthusiasm for this project was instrumental in delivering and ensuring a successful start to GBRI. His management of the limited resources has ensured sufficient cost savings in GBRI in its first two years to make it viable for REL to fund future years. I am pleased that he will remain a resource for our team.
We are delighted to appoint James as the Operations Director of GBRI. He was originally involved with GBRI’s forerunner – British Bloodstock Marketing – so has a sound understanding of the business. His thirteen years’ experience with the BHA and, more recently, British Champions Series, will stand him in good stead to lead the GBRI team.”
GBRI has been responsible for creating programmes such as Team British Racing, which promotes the owners and trainers of British runners overseas, the GBRI Members Club, which provides hospitality to overseas owners as well as being a partner of the prestigious Goffs London Sale which precedes Royal Ascot. GBRI also provides a concierge service to many overseas visitors investing in bloodstock and training in Great Britain.