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Talking Horses: Redvers says racing ‘may be teetering on edge of oblivion’

• Bloodstock agent warns sport not opening up ownership
• ‘Pitiful efforts’ being made to attract syndicates

In the week before Royal Ascot one of the leading players in British racing has warned that the sport may be “teetering on the edge of oblivion” because of its longstanding failure to open up racehorse ownership as widely as possible. David Redvers, who manages the racing interests of Sheikh Fahad and was named bloodstock agent of the year in November, made the incendiary claim in a blog on the website of his Tweenhills Stud, comparing the situation in Britain very unfavourably with the way the sport works in Australia and Japan.

“I keep asking myself how did we get it so wrong?” Redvers wrote. “How can a country like Australia, with 40% of our population, be running away with the prize while we have a £17m deficit in our funding and our industry relies almost entirely on the patronage of rich foreigners?”

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