Gambling – Horseracing
Horseracing law is a niche area and highly specialised. This means taking expert advice from experienced horseracing law solicitors is essential to enable you to have the best legal advice available to protect your interests and stay ‘on track’.
Horseracing is regulated and governed by the British Horseracing Authority (BHA) and subject to a statutory levy. The Horserace Betting Levy Board (HBLB) collects levies on the gross profit of off-course horserace betting turnover from bookmakers. The levy has a specific statutory purpose and is used for the improvement of the breeds of horses, the advancement of veterinary science, and the improvement of horseracing.
Government plans to subject online betting companies based outside the UK to a reformed horse racing levy are now in the pipeline. We will be keeping a close eye on developments and advising clients accordingly.
Licensed betting operators are required by law to report suspicious bets to sports governing bodies.
There are regulations governing those involved in horseracing: jockeys, for instance, who are licensed by the BHA are not permitted to bet on horseracing. If they do, it is a serious offence and you can be disqualified.
The specialist horseracing solicitors at Selachii provide clients expert advice on the laws surrounding horseracing, helping you say on the right side of the law. Horseracing may be all about training your horse to win the next race, but the related factors that constitute the ‘business’ of horseracing are many. Dealing effectively when issues arise is vital – whether it’s an insurance issue, a lease or ownership matter, or a negligence or financial loss claim.
Our clients range from horse trainers, breeders and jockeys; to syndicates and agents; and related businesses. We enjoy excellent contacts within the horseracing industry, bringing significant value to what Selachii offers clients.
If you are a Breeder, your horses are valuable assets. They need protecting - because your wealth and your business need protecting. Without a horse that can race, there will be no business. Our lawyers provide the range of legal services you need as a breeder: wealth protection (such as wills and estate planning); employment issues if you have staff; advice and assistance with stud agreements, and sale/purchase/lease of a horse – including negotiations and concluding the transaction or lease. We will help you comply the regulations that apply to you as a breeder.
Racehorse owners frequently require specialist advice on co-ownership and syndicate issues. If you are an owner of a racehorse, you may have a dispute with a third party following an injury or alleged negligence. A typical racehorse owners’ daily routine may involve dealing with other individuals and organisations such as, racehorse syndicates, trainers, jockeys, vets and, of course, the BHA. Whether you need strategic advice on your ownership or a syndicate agreement, or a dispute involving the BHA or another professional – our specialist horseracing lawyers can assist. And as a racehorse owner, your horses are a major asset and need protecting. Our specialist lawyers provide broad wealth protection advice to give you peace of mind.
If you are Jockey, you may need assistance with racing sponsorships, financing your career; or you may be facing a BHA Disciplinary or licensing hearing if you have made an error. We will work with you, your agent and the Professional Jockeys Association to resolve your issue as quickly and efficiently as possible to enable you to get back in the saddle.
If you are a Trainer, you should have a solid agreement in place with the racehorse owners you work with – and other third parties you enjoy a commercial relationship. Where required, our specialist lawyers will advise you on the terms of your agreements; negotiate and draft agreements on your behalf; advise you on the terms agreed – and advise you on how those terms apply in the event of a dispute. We can also advise you on sponsorship matters.
We advise clients on matters including:
- Horseracing law
- Regulatory issues governing bets
- BHA enquiries
- The sale and purchase of horses
- Disputes involving sales and purchase disputes
- Negligence claims involving other professionals, such as vets
- Ownership and leasing of racehorses
- Insurance matters
How Selachii Can Help
Selachii is a dynamic litigation law firm based in Kensington, London. Our litigation and dispute resolution team is highly experienced in debt recovery, including High Court action to obtain judgments and recover debts. We put the best interests of our clients at the heart of everything we do. We work with both businesses and private individuals, giving them legal advice and support which is unique to them and their situation.