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Racecourse Media Group appoints Conor Grant as incoming Chairman

19 Jan 2023

(PRESS RELEASE) -- Conor Grant has been appointed incoming Chairman of Racecourse Media Group (RMG), the umbrella organization for 35 British racecourse shareholders and parent company of Racing TV.

“I am delighted to be joining Racecourse Media Group at such an exciting time for the business and the broader racing industry,” said Grant. “RMG has delivered outstanding results for its shareholders in recent years and I would like to pay tribute to Roger who has done a fantastic job, along with CEO Martin Stevenson, in growing and developing the business. I look forward to working with the RMG team and continuing to deliver for all of our racecourses"

Grant will initially join as a Non-Executive Director on 1 April 2023 and then succeed Roger Lewis as Chairman on 1 October 2023.

"I am delighted to welcome Conor to the RMG Board and to be working with him as we further develop the business for the benefit of its shareholder racecourses,” said Nevin Truesdale, CEO of The Jockey Club and Non-Executive Director on the RMG Board. “Conor brings significant and in-depth expertise to the industry, acquired over a long period of time, and this will help shape our strategies and address the challenges we are facing.”

Grant, an enthusiastic racehorse owner, brings to the role 24 years of experience in the U.K. and Irish gambling sector, including 14 years in senior executive roles. He was most recently CEO of Flutter U.K. & Ireland, which includes brands Sky Bet, Paddy Power Sportsbook, tombola and Betfair and, prior to that, was Chief Operating Officer of Sky Betting & Gaming.

“Conor brings a wealth of experience to the role, particularly through his senior roles at Sky Betting & Gaming, and then Flutter,” said Adam Waterworth, MD of Events at the Goodwood Estate and Non-Executive Director on the RMG Board. “He is perfectly positioned to take RMG forward and help build and strengthen our relationships across the industry."

In 2021, RMG’s racecourse shareholders were paid £110m, a figure which will be exceeded for the media and data revenues generated in 2022. RMG is 100% owned by its racecourse shareholders and pays 100% of operating profit back to racecourses, which, in turn, benefits the sport. This collective and collaborative approach has enabled RMG’s businesses to become the biggest single funder of British horseracing.

Outgoing Chairman, Roger Lewis, joined the RMG Board in 2012 and was appointed Non-Executive Independent Chairman on January 1, 2019. During his time on the Board, RMG has increased its licence fees and dividend payments to its racecourses from £45m to over £110m. He was due to step down in 2022 but was asked by the Board to extend his tenure to help oversee the transition. Independent Non-Executive Director Andy Anson will also be stepping down, in April, having completed his full tenure on the RMG Board, which he joined in 2017.

“It is a tribute to the team at RMG that we have secured Conor as our next Chair and we all welcome Conor’s appointment,” said Lewis. “I am confident that Conor will take RMG to even greater heights in the years to come. On behalf of the RMG Board, I would also like to thank Andy Anson, who has been a much-valued friend and colleague of us all for the past six years, chairing our Audit committee with great skill and commitment. RMG is in great shape. We are about to announce record results for the past year and I congratulate the executive team at RMG for consistently delivering the best possible returns for our racecourses and the sport of horseracing”

Truesdale added: "I would like to pay tribute to Roger Lewis for a very effective and successful stewardship of RMG, a business which is of fundamental importance to the financial performance of racecourses and therefore to the whole sport of horseracing. On behalf of everyone at the Jockey Club, I would like to thank Roger for all he has done for the business.”
 
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