Nick Rust will be the new chairman of The Starting Rate Regulatory Commission (SPRC), as previous chair Lord Donoughue announces his retirement.
Donoughue announced the conclude of his 16-year tenure before this 7 days and Rust was brought in as an immediate replacement.
Rust was formerly the main government of the British Horseracing Authority until eventually the conclusion of final yr. Prior to this job he has labored with Ladbrokes, Coral and Sky Wager.
Lord Donoughue said: “I have immensely enjoyed my 16 many years foremost the Commission, supported by a great team of colleagues who have founded the SP as the principal platform for the race bets of the average British punter, dependable for its performance, fairness and integrity.
“I am delighted Nick Rust, whose practical experience and comprehending of both racing and betting is extensively revered, has agreed to thrive me.”
Rust included: “I’m delighted to be joining colleagues on the Board at the SPRC and look ahead to performing with them to keep on to guarantee men and women who guess on racing and betting operators alike of the strong integrity of the Starting up Price tag.
“I’d like to thank Lord Bernard Donoughue for his vision in setting up the SPRC and his 16 many years of stewardship in chairing the organisation.”
This news follows past week’s announcement that the SPRC will determine setting up price ranges for races by working with primarily off-program odds.