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Sunday, August 31, 2008


SIMON BAZALGETTE TAKES UP NEW POST OF JOCKEY CLUB CHIEF EXECUTIVE



Monday, September 1 marks the start of new era for The Jockey Club as it welcomes Simon Bazalgette into the role of Chief Executive of The Jockey Club. The position is a new one and reflects The Jockey Club's intention to adopt a more proactive and coordinated group approach to the management of its commercial assets, so as to maximise its contribution to racing.

The group's interests include 14 racecourses, among them Cheltenham, Aintree, Newmarket and Epsom Downs, as well as the provision of public training facilities in Newmarket and Lambourn, a property portfolio and the National Stud. Jockey Club Racecourses is the largest shareholder in Racing UK and the largest racecourse shareholder in Turf TV.

Simon Bazalgette, 46, was previously Executive Chairman of Racing UK and of Racecourse Media Services ("RMS"), the vehicle through which 31 racecourses manage their 50% stake in Turf TV. His responsibilities as Chief Executive of The Jockey Club include chairing the Board of Jockey Club Racecourses, ensuring maximum value is obtained from the group's commercial and media rights, promoting the role of The Jockey Club in the public arena and developing relationships with key players in the racing and betting industries. As Chief Executive, he will be The Jockey Club's representative on a number of Boards and Committees, including the RCA, Racing UK and RMS, as well as representing the Racing UK racecourses on Racing Enterprises Ltd ("REL") and Amalgamated Racing (which operates Turf TV).


Simon Bazalgette said: "This is an exciting opportunity; the objective is to take The Jockey Club forward and enable it to fulfill its commercial potential, thereby further increasing its contribution to the sport. With its range of valuable assets, principally through the racecourses and the quality of racing they stage, I believe that this new position will effectively be the leading commercial role in British racing.

"I look forward to working closely with the key stakeholders to help secure the sport's health and prosperity going forward. One of my first tasks will be to lead The Jockey Club together with likeminded racecourses in an effort to ensure that racing retains a vested interest in the Tote."

The Chief Executive of the Jockey Club will report directly to the main board of Jockey Club Stewards. The appointment will enable a more coordinated group approach by The Jockey Club and also means a new role for Andrew Gould, previously Acting Chief Executive of Jockey Club Racecourses, who takes on the position of Group Finance & Commercial Director. Paul Fisher remains as Chief Operating Officer of Jockey Club Racecourses and will head up the racecourse division.

Notes

1. Founded over 250 years ago, The Jockey Club remains at the heart of British racing. The Club is now focusing on its commercial activities. All profits generated by the businesses are re-invested back into racing. The Jockey Club 'family' is comprised of:

a. Jockey Club Racecourses - a diverse portfolio of 14 racecourses, it is the largest shareholder in Racing UK and the largest racecourse shareholder in Turf TV. Jockey Club Racecourses stage four of the five Classics as well as the Cheltenham Festival and Aintree Grand National meeting.


b. Jockey Club Estates - a property and land management company responsible for over 5000 acres of land in and around the training centres of Newmarket and Lambourn, providing training facilities for around 3,000 horses, and an extensive portfolio of 90 properties, including the Jockey Club Rooms in Newmarket.

c. The National Stud - recently acquired from the State, a purpose designed stud on 500 acres at Newmarket, standing six stallions and accommodating over 300 mares at the height of the breeding season. The Stud is committed to providing education and training for stud staff as well as other services to the Thoroughbred breeding industry and continued public access.

d. Racing Welfare -The Jockey Club charity helping those who work or have worked in the racing and breeding industry.


2. The Chief Executive will report to the main Board of Jockey Club Stewards.
The current Jockey Club Stewards are:
o Julian Richmond-Watson, Senior Steward
o Sir Michael Connell, Deputy Senior Steward
o Sir Ian Good
o Andrew Merriam
o The Duke of Roxburghe
o Jeff Smith
o Nicholas Wrigley

3. Previously a Founder Director and Chief Executive of Music Choice Europe plc, Simon Bazalgette joined Racing UK at its inception in May 2004. Racing UK has now expanded to six business units, all start up operations which have successfully generated profits and value for its racecourse shareholders. Turf TV, of which Simon Bazalgette is also Founder Director, is a sister channel successfully launched in 2007 providing coverage from 31 British racecourses to over 8,500 betting shops.




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