The Tote prepared to contribute to Channel 4 funding

By Bookmakers Review30 May 2005
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 The Tote prepared to contribute to Channel 4 funding
Under changes to the Broadcasting Code, bookmakers are now allowed to sponsor TV programmes in Britain and the Tote's CEO Trevor Beaumont said to be ready to negotiate a financial contribution with Channel 4.

"We would be prepared to put money into a deal, but we could not meet the quantum on our own and it would require a number of others to make it workable," Beaumont said.

"My primary concern is the impact the loss of Channel 4 Racing would have on the Scoop6," he added.

William Hill, Ladbrokes and Coral showed little interest in contributing to any fund that might keep Channel 4 Racing on the air.