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I dropped the ball over Tote sale, admits former sports minister16 July 2008LONDON, England -- As reported by The Guardian: "The former sports minister Richard Caborn admitted yesterday that he had 'dropped a clanger' in failing to ensure that the Tote was sold to a racing trust during his time in office. However, he also proposed a new scheme for the future of the betting organisation that would, he claimed, 'simplify the whole structure of racing'. "Caborn was speaking during a parliamentary debate on the future of the Tote at Westminster Hall "...Earlier Caborn had outlined his proposals, under which the British Horseracing Authority would take charge of regulation while a newly-formed Tote Trust would administer the pool, credit and internet betting operations as well as the current responsibilities of the Levy Board. The Tote's betting-shop estate, meanwhile, would be sold off, with half of the proceeds being handed to racing..." |