Racing: Savill is the new BHB chairman

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PETER SAVILL (pictured above) yesterday pledged to improve racing's finances after becoming chairman of the British Horseracing Board for the next four years.

But Savill, a multi- millionaire best known as the owner of Celtic Swing, warned the racing industry not to expect overnight success. The 50-year-old Yorkshireman was the architect of a financial plan which triggered the resignation of previous chairman Lord Wakeham.

Savill, who defeated his main rival - banker Sir William Purves - said: "The absolute focus for me would be the improvement of the financial structure of British racing and the implementation of the financial plan."