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British horseracing industry opposes Tote sale

13th December 2010 9:34 am GMT

As the UK government looks to finally resolve the future of the state-owned Tote with likely bids expected from both bookmakers and private equity firms, the British Horseracing Authority (BHA) has pledged its support for an alternative to the sale which would see the Tote established as a charitable foundation.

Non-executive members of the Tote, appointed by the UK government, have submitted a proposal to the Department of Culture, Media & Sport (DCMS) for the future [...]

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