Future Funding Agreed For GBRI

Great British Racing International has received an extension of its funding for a minimum two years, and will be funded directly by Racing Enterprises Limited in 2016 and 2017. GBRI had previously been funded by REL, the Horserace Betting Levy Board and the British Horseracing Authority; however, due to industry funding challenges, REL will take on all GBRI funding for the next two years.

“[A] business review demonstrated that much had been achieved by GBRI since its launch in 2013,” said Chris McFadden, chairman of REL. “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.”

Carter Carnegie, who was recruited on a two-year contract as International Executive to launch GBRI, will conclude his role at the end of December but will continue to serve the organization on a consultancy basis. James Oldring has been appointed Operations Director of GBRI in addition to his responsibilities at QIPCO British Champions Series.

Among the programs created by GBRI in its first two years are Team British Racing, which promotes owners and trainers of British runners overseas; and the GBRI Members Club, which provides hospitality to overseas owners and is a partner in the Goffs London Sale. GBRI also acts as a concierge service to foreign investors in British bloodstock and racing.