Julian Richmond Watson Steps Down As Chairman Of TBA During The Annual General Meeting

Long-term Thoroughbred Breeders' Association chairman Julian Richmond Watson will step down following eight years at the helm. He announced the news during the TBA's Annual General Meeting at the Jockey Club Rooms in Newmarket on Friday.

Philip Newton will become chairman of the TBA with immediate effect, while Kate Sigsworth will become deputy chairman. Newton has been on the board since 2012, while Sigsworth joined in 2020. James Crowhurst will continue as a co-opted trustee for a second term to support the TBA's work on equine health and welfare. In addition, Will Kinsey was named to the board of trustees and Tom Blain will return to the board for a second term, the duo having filled vacant positions determined by an election.

“Bold decision-making intended to arrest the decline in racing's fortunes is essential if we are to move forward,” Richmond Watson said when addressing members and trustees, both past and present. “The TBA is a member of the Thoroughbred Group and will work wherever possible to advance the position of those involved with horses, their ownership and welfare.

“Of course, prize-money is the key to unlocking so many of these issues. Prize-money is not high enough in this country, and the obvious discrepancy between what the betting industry pays to the sport and how much the participants receive must be addressed, so that the income coming into racing is fairly shared.”

Richmond Watson is the longest-serving chairman since the office was introduced in 1962, and he has also served as a trustee for 12 years. On the specific issues facing breeders he added, “We have to focus on these ourselves. There is very little understanding of breeding within racing and the supply of racehorses is taken far too much for granted. It is up to the TBA to make sure our issues are constantly brought to the fore.

“There is an enormous amount of work that goes on behind the scenes and, as shown by Brexit and Covid, contacts developed along the way are vital when we need to be in touch with the important decision-makers.

“The carry-over from Brexit continues, and while we have had successes with the Treasury on VAT for temporary imports into this country, our trading partners in Ireland and France have still to sort this issue, so that transport and inspection-post issues, as well as increased costs, are still to be resolved.

“We have also seen recent positive steps made with the Migration Advisory Committee adding three stud roles to the Shortage Occupation List in their recent report and we must now continue to lobby government for this to be formally sanctioned.”

The Annual General Meeting also included the approval of the minutes of the previous AGM, re-election of the auditors, and the confirmation of membership fees for 2024. The 2022 Annual Report was formally launched and can be viewed here with highlights including:

 

  • Commissioning of the Economic Impact Study, the findings of which were published in January 2023.
  • Ongoing positive impact of the Great British Bonus scheme (GBB) managed by the TBA on behalf of the industry with a 16.3% increase in median value of British bred fillies reported since scheme launched in 2020.
  • Continued development of TB-ED, the TBA's online platform, and on the recruitment and retention of employees on stud farms with 67% of students enrolled in the E2SE programme remaining employed in the industry.
  • Launch of TBA Access membership.

 

Richmond-Watson said, “Evidence-based strategies have been at the heart of the TBA's work since the initial study in 2014, providing a sound basis for areas of focus in our work to support breeders and the industry as a whole. The results of this study will lead to some re-alignment of plans to ensure we continue to work on activities that deliver the greatest positive impact to our sector.”

Other presentations during the AGM included one by incoming chairman Philip Newton on implications from the Economic Impact Study and next steps, as well as an introduction to the TBA's Stud Farm Carbon Calculator by Victoria Murrell, the TBA's Equine Health and Welfare Manager and Sarah Wynn and Sola Samuel from ADAS who are developing the software, and which is due to launch in November 2023.

Richmond-Watson said, “We have been through some interesting times but hopefully I leave you in good order, but of course with plenty to do. And Philip Newton, thank you for being such a supportive and challenging deputy chairman.

“We have worked incredibly well together, and I wish you all the best as you take the TBA forward.”

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Annamarie Phelps to Step Down as BHA Chair

British Horseracing Authority Chair, Annamarie Phelps, CBE, will not seek a second term in the role and will step down from the BHA Board at the conclusion of her term in May. Phelps will be replaced by BHA Independent Non-Executive Director, Joe Saumarez Smith. He will begin his new role once Phelp's term is up and will stay in that position until the end of his own term in September of 2023.

Annamarie Phelps said, “Following discussions with the Board of the BHA I have decided not to extend my time as BHA Chair beyond the end of the current term.

“This is a very important time for racing, with the recovery from the pandemic and the imminent publication of the Gambling Act Review White Paper both still very much on the sport's agenda. A significant review of the BHA is also underway, which will ensure that the BHA is future-proofed, efficient and has sufficient resource to serve racing's needs.

“We are at a key stage of discussions around a new governance structure that will provide clarity on the BHA's role as governing body and regulator.

“I am therefore delighted that I have been able to develop the following core principles with the BHA shareholders prior to my departure:

“Firstly, recognition that the BHA Board will maintain responsibility for both regulation and governance matters with an additional responsibility for leading the strategy for industry growth on behalf of our shareholders. That it will retain the same level of independent representation as at present, in line with governance best practice. Alongside this, we have agreed that the tripartite decision-making structure will be reviewed.

“There is much to do over the next three months to ensure these measures are fully and firmly in place for my successor before I step down, which I hope will provide a more appropriate, democratic and effective decision-making structure for the future.

“It has been a great privilege to lead the BHA during this challenging period for the sports sector, and to have recruited a fantastic CEO in Julie Harrington. I am immensely proud of what racing has achieved collectively in this time.

“I want to thank the amazing BHA team for navigating the pandemic and for keeping the show on the road behind the scenes, a role that is rarely acknowledged. It is a remarkable achievement that no fixtures were lost to Covid once British racing had become the first major sport to resume following the initial 2020 lockdown.

“We have also dealt successfully with some serious and complicated ethical and integrity matters that have set important precedents for the future, laid the foundations for greater diversity and inclusion across the sport, enhanced the industry's educational resources and safeguarding provisions and further increased our focus on the welfare of our horses and our people; all of which are essential to the sustainable health and prosperity of racing.

“I want to thank all those who have welcomed and supported me over the last three years, in particular those racecourses, trainers, owners, jockeys, stable staff and breeders who have shared their insight, aspirations and opinion, both here and overseas. I have loved the people, the racing and especially the horses.”

Joe Saumarez Smith said, “On behalf of the BHA Board, I would like to express my thanks to Annamarie, who has brought a broad perspective from other sports to the BHA Board table. During her time as Chair, she has laid the groundwork for significant change across the industry in a number of areas, and helped us navigate a series of challenging issues, not least the coronavirus pandemic and the BHA's own governance. The agreement of a number of core governance principles is potentially a defining moment for the industry. I look forward to continuing to work with Annamarie until the conclusion of her term.”

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Richard FitzGerald Ending Tenure as RMG CEO

Racecourse Media Group Chief Executive Richard FitzGerald will leave his position after a 12-year run. FitzGerald will slowly step down over a six-week period, with RMG Finance Director Martin Stevenson becoming acting CEO. RMG, which holds the media and data rights for 34 British tracks, has enjoyed a profitable run under FitzGerald, as his tenure included the deal for ITV to provide terrestrial coverage (through 2023) and Racing UK becoming Racing TV, with Irish rights also secured.

“It has been a fabulous and rewarding 12 years working for RMG,” said FitzGerald in a statement. “The business has flourished and delivered on the vision of the founding shareholders around a collective approach to commercialising their media and data rights.

“There is never a good time to step down but with resumption of racing, the new Watch & Bet deals, the terrestrial TV renewal and launch in Italy of fixed odds, and a new cycle of renewals starting shortly, it seems the right time to step down.

“It has been a great journey and I have enjoyed working with a strong, capable, committed and stable team to deliver the results we have been able to achieve consistently over the last decade.”

Added RMG Chairman Roger Lewis, “”On behalf of the board of RMG, I thank Richard for his exceptional leadership of the RMG team for almost 12 years. During this period RMG has produced great returns for our racecourses, generating over £800m of licence fees during his tenure of office.

“The recent renewal of the RMG contract with ITV until 2023, the successful launch of our new Watch & Bet Service in June, and ensuring RMG is fully operational following the COVID-19 outbreak and so generating significant revenues for our racecourses, has created the right moment for Richard to announce his decision to step down.

“The achievements of RMG, which have driven its financial performance with Richard as CEO are significant, and include a ground-breaking data licensing and production service, an innovative LBO deal with SIS, the securing of the rights to Irish racing, the rebrand and launch of Racing TV, enhancing its HD service, and the expansion of RMG opportunities across the world. Richard leaves RMG with our sincerest thanks and best wishes for having delivered an outstanding performance over a considerable period of time.”

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