The response of the starting price regulatory commission
The Board of the Commission consists of up to four independent Non-Executive Directors. Lord Donoghue, a former minister at the Ministry of Agriculture, Fisheries and Food, chairs it. Currently his fellow directors are Sir David Metcalf, Emeritus Professor at the LSE and a racecourse steward, Lord Lipsey, a former director of the Tote and Richard Hayler, Managing Director at Independent Betting Adjudication Service (IBAS).
The SPRC’s work is funded by contributions from the bodies which control racecourse data rights. Jim Donnelley of PA Sport acts as the SPRC’s company secretary. The SPRC’s directors are all independent of the bookmakers and would be obliged to declare if any conflict of interest arose.
The Board meets at regular intervals throughout the year with executives of the racecourse data controllers in attendance plus a representative of AGT (Administration of Gaming on Tracks). Ad hoc meetings are called as required to consider specific issues arising of interest to the SPRC.
The Commission’s legal advisers are CMS London.
The Commission is a non profit organisation operating on a cost recovery basis.