CNBC's UK Exchange newsletter: Horse racing in the spotlight — and under pressure

The head of British racing’s governing body resigned amid acrimony just ahead of this year’s Cheltenham Festival, creating a governance crisis. The festival will go ahead, but leadership turmoil raises reputational risk and could pressure sponsorship, attendance and commercial revenues for the sport in the near term.

Analysis

The head of British racing’s governing body resigned amid acrimony just ahead of this year’s Cheltenham Festival, creating a governance crisis. The festival will go ahead, but leadership turmoil raises reputational risk and could pressure sponsorship, attendance and commercial revenues for the sport in the near term.