Industry Shorts: The Jockey Club, Nike, MCC, Betfred, Surrey, Red Bull

02 May 2019

By: Sport Industry Group

Simon Bazalgette has announced that he will stand down from his role as Group Chief Executive of The Jockey Club by the end of 2019.

Bazalgette has held the role for more than a decade but will now transition into a non-executive career. The announcement comes after The Jockey Club, which operates 15 racecourses across the UK, last week reported a 10th consecutive year of commercial growth.

The recruitment process to appoint a replacement for Bazalgette will be led by representatives of The Jockey Club’s Board of Stewards. The Board includes Senior Steward Roger Weatherby, Senior Steward designate Sandy Dudgeon and Deputy Senior Steward Julia Budd.

Executive search and talent advisory firm SRI will advise The Jockey Club on the search for Bazalgette’s replacement. The Jockey Club said the successful candidate may be appointed from within the organisation.

Bazalgette said: “When appointed a little over ten years ago I agreed to do at least five years before going non-executive, but there’s always been plenty to do and great opportunities that have kept me fully engaged. On the back of our 10th set of record results, and with a great team in place, now seemed the right time to make my transition.”

Nike has signed a long-term partnership with the London Youth Games, extending its purview of Made to Play, the sportswear company's global commitment to get young people to live happier, healthier and more successful lives.

The London Youth Games have been held for more than 40 years and currently reaches 140,000 young people across 33 boroughs in 30 sports. Nike has set a target of increasing the number of participants to more than 200,000 by 2022.

Nike hopes its partnership with the event can be used as a positive vehicle for change with young Londoners amid declining youth service provisions, an increase in youth-on-youth crime and low levels of physical activity.

The London Youth Games has provided a pathway for the likes of Raheem Sterling, Jadon Sancho, Alex Scott, Dina Asher-Smith and Mo Farah, who were all given the chance to represent their boroughs when growing up.

Kumar Sangakkara has been named as the next President of Marylebone Cricket Club, which owns Lord’s.

The former Sri Lanka international will become the first non-British President of the MCC when he takes up the role on 1st October.

Sangakkara is already heavily involved with the MCC and was awarded Honorary Life Membership of the club in 2012. He joined the club’s World Cricket committee in the same year and remains an active member.

Betting company Betfred has signed a new deal to continue as title sponsor of the World Snooker Championship until at least 2021.

Betfred’s previous deal had been due to expire following this year’s event, which concludes on Monday at the Crucible Theatre in Sheffield.

Betfred first sponsored the tournament in 2009.

Surrey County Cricket Club has reported a strong commercial performance for 2018, driven by a record £6m sales from conferences and events at the Kia Oval and its largest membership in the modern era.

Surrey made £2.7m pre-tax profits on a turnover of £31.7m, with non-match-day revenue accounting for half of its revenue.

Vitality Blast ticket sales also increased with nearly 130,000 spectators attending the seven home matches, while club membership increased to more than 12,000.

The BBC has acquired streaming rights to Major League Baseball’s London Series, which will this year be contested by the New York Yankees and the Boston Red Sox.

The deal also includes rights for the 2020 series, whose participating teams have not yet been announced.

This year’s series will take place on 29th-30th June at London Stadium.

A new campaign designed to get the nation active during their lunch break has been launched by Red Bull.

The Active When on Lunch initiative will see Red Bull offer free work-out solutions for desk-bound workers this month.

Red Bull will open its headquarters in Covent Garden, London throughout May to offer free ticketed lunchtime classes, which will be open for anyone.