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Paul Lee's tenure as Levy Board chairman extended for further year

Paul Lee is set to serve another year as Levy Board chairman
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Paul Lee has had his tenure as chairman of the Levy Board extended for a further year, culture secretary Jeremy Wright announced on Tuesday.

Lee initially took over the role in October 2009 and his appointment was renewed for a further four years from October 2013.

Ordinarily he would have stepped down at that point but the Levy Board had been due to be disbanded as part of the reforms of British racing's central funding system so his appointment was extended for a further 18 months as the government's timetable slipped.

The Levy Board's expenditure role was due to be filled by a new Racing Authority from April this year

However, that process was officially halted in February after a joint committee of MPs and lords objected to the legislation the government planned to use to enact the changes. The Levy Board is now set to continue for the foreseeable future.

Lee said of his reappointment which runs from April 1: "It is a great privilege to be able to serve as chairman of the Levy Board for a further year. 

"There is a lot for us to do, especially since the racing and betting industries may be entering a particularly challenging period. As ever, it is a particular pleasure to work with the team at the Levy Board who are all delightful, committed and highly professional."

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There is a lot for us to do, especially since the racing and betting industries may be entering a period of particularly challenging times
E.W. Terms