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Govt To Control Italian Racing Industry

Tuesday, 26th June 2012

Meanwhile racing in Italy, "beset by deep-rooted financial problems, is set to come under the direct control of the government before plans for a possible privatisation can be enacted" reported racingpost.com. Treasury minister Vittorio Grilli announced that Assi (which took over from Unire as Italian racing's independent governing body earlier this year) "will be disbanded & the Ministry Of Agriculture will take control of running racing, while the customs agency is to oversee the betting industry". Prize-money in Italy is down by 40% for 2012 "as the industry lurches from crisis to crisis". No date has been set for when the Ministry Of Agriculture will take control "but it is believed they will be in place before Guido Melzi d'Eril, president of the Federation Of Racecourses, delivers a report into regulatory reform of the racing & betting industries. His report is due to be finished next month."

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