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All you need to know about British racing's new funding system
Gibraltar is home to a number of offshore bookmakersCredit: Oli Scarff
The European Commission has finally given its approval to the government's reforms to the levy system.
Here the Racing Post examines why they were needed and what the consequences will be for the sport.
Why was a new levy system needed?
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more inFeatures
- Captain Marvel: how a modern master of Cheltenham and a genuine pioneer executed one of the shocks of the year
- 'We’re delighted with how it's going' - joint-trainers prepare for exciting year after Flat string is doubled
- 'We’ve had to work hard this sales season' - Kennet Valley seeking to build on success with biggest string
- Alastair Down's archives: the great writer recalls Coneygree's glorious victory in the 2015 Cheltenham Gold Cup
- Kauto Star: the extraordinary talent who became the benchmark for sheer undiluted quality