Board Meeting Summary

Meeting Date: Tuesday 28th April 2009

Channel 4 Racing

HBLB approved a financial commitment to racecourses of £1,000,000 or 40% of the shortfall, whichever is the lower, per annum for 2010, 2011 and 2012, with the decision concerning the allocation of the funds being made at the Strategy Meeting on 10th June 2009, contingent upon non-RUK racecourses signing up to the Channel 4 package and upon the continuing involvement of the Levy Board’s Executive.

49th Levy Scheme

A 10% roll-over for the 49th Scheme was approved by HBLB subject only to an RPI figure as at 31st July 2009.