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zebadei
07 Oct 11 10:57
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Date Joined: 18 Jan 02
| Topic/replies: 3,708 | Blogger: zebadei's blog
Paul Roy the head of the BHA is he connected with a company that bought millions of pounds worth of betfair shares?

Ralph Topping is he the ceo of a big bookmaking company thats been known to close customers accounts?

Oh and Does Mr Toppings company pay the levy on its internet profits from Wagers on British Horseracing?


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Report Stake & Chips • October 7, 2011 10:58 AM BST
Yes
Yes
No

hth
Report zebadei • October 7, 2011 11:10 AM BST
So is it also true the this Roy chap ,the head of the body thats meant to administer British Horseracing is taking a court action against clients of one the said bookmakers competitors with regard to levy payments.

And that a substantial part of the court costs are going to be bankrolled by the bookmaker whose ceo is on  a probable seven figure salary package and from what you suggest his company does not even pay a levy on their own internet horseracing business.


Can anybody tell me is this right or is this some sort of joke?
Report zebadei • October 7, 2011 11:16 AM BST
Anybody?
Report LuckyLucan • October 7, 2011 11:25 AM BST
And just to prove there's no conflict of interest, if Roy's actions are successful then inevitably his shares in the defendant's company will suffer.

The guy is some sort of martyr. On the one hand he acquires a stock-holding in Betfair and on the other he pursues legal action against said company knowing too well that if he wins he also stands to lose.

It's difficult to know whether he's with us or against us.
Report swift-tuttle • October 7, 2011 11:30 AM BST
The court can rule as to whether layers on Betfair should contribute towards the levy.

Certain people's business interests are of no importance to the court in this regard.

The questions that the court will have to get to grips with are along the lines of

Is laying any different to backing?
Report LuckyLucan • October 7, 2011 11:31 AM BST
And then you also get the anomaly whereby a special dispensation is made to co-opt a particular trainer onto a BHA committee and the same person promotes a betting organisation as well as being a lackey to one of those Middle Eastern non-democratic autocracies.
Report zebadei • October 7, 2011 11:39 AM BST
I just cant get my head around it,the levy board thinks taking a court action against a betting exchange is a bad idea,yet the head of the BHA  is allowing a court action to be party or mostly bankrolled by a competitor of the exchange  who if the forumite above is correct does not pay levy on its own internet businees.Yet as i understand it the exchange pays an amount equal to the levy to racing from its internet betting.


Who does the BHA represent now?,and surely allowing a court action to be partly/jointly bankrolled by a bookmaker may prejudice the Government against the BHA when they ask for legislation to extrat levy from these self same  bookmakers internet profits on horseracing who use the "based overseas" loophole.


What is going on?
Report LuckyLucan • October 7, 2011 11:46 AM BST
When it comes to feathering his own nest I imagine Mr Roy has no qualms about who his bed fellows are.

It's a way of life for people like him. They only have one true goal in life. What's in it for me.
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