Wainstein resigns

Larry Wainstein, CEO of the Racing Association (RA), has resigned in order to focus on personal business interests.

In a statement Mr Michael Leaf, Chairman of the RA, said: “After serving the horseracing industry directly for the past 12 years, formerly as Chairman and later as CEO of the Racing Association, Larry Wainstein has taken a decision to tender his resignation from the RA as from the 31 January 2020 to focus on personal business interests.

“Our Board is currently in discussions with Mr Wainstein as regards his period of notice. The vacancy created will be advertised to find a suitable candidate for the position although an interim measure may be required to continue the work of the RA without disruption.

“Mr Wainstein has played an extremely important role in the industry and we believe he has always acted in the best interests of all racehorse owners.

“During his tenure with the RA we have recognised and acknowledge Larry’s dedicated commitment to the job at hand and his unquestionable industry and unerring efforts in doing the best for our owners has not gone unnoticed. His achievements have been innumerable but suffice to list the following milestones we believe are worthy of mention: Overseeing a regular increase in stakes every year prior to 2020 despite adverse economic conditions; prudent financial management of the purse strings of the RA in doubling its cash resources since his entry into the RA; improving the Race Day Experience for owners and overseeing the refurbishment of the various venues.

“On behalf of the Board I take this opportunity to thank him for his commitment and contribution to the industry and to wish him well in his future endeavours,” Mr Leaf said in the statement.