Racing: Savill is the new BHB chairman

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."