Richard FitzGerald has stepped down as CEO of Racecourse Media Group, the media and data rights holding company for the UK and Ireland’s leading racecourses, after nearly 12 years in the position.
During FitzGerald’s tenure, for more than a decade the group recorded year-on-year increases in licence fees payable to its racecourse shareholders.
Roger Lewis, chairman of RMG, said: “On behalf of the Board of RMG, I thank Richard for his exceptional leadership of the RMG team for almost 12 years.
“During this period RMG has produced great returns for our racecourses, generating over £800m of licence fees during his tenure of office.
“The recent renewal of the RMG contract with ITV until 2023, the successful launch of our new Watch & Bet Service in June, and ensuring RMG is fully operational following the Covid-19 outbreak and so generating significant revenues for our racecourses, has created the right moment for Richard to announce his decision to step down.
“The achievements of RMG, which have driven its financial performance with Richard as CEO are significant and include a ground-breaking data licensing and production service, an innovative LBO deal with SIS, the securing of the rights to Irish racing, the rebrand and launch of Racing TV, enhancing its HD service, and the expansion of RMG opportunities across the world.”
