BBC lose TV racing rights to Channel 4

Channel 4 will show all terrestrial racing – including the Grand National, Royal Ascot and the Epsom Derby – for “at least the next four years” from 2013.

The BBC have shown just 13 days of live racing since 2010 and have now relinquished all of their live televised interest in the sport due to reported budgetary cuts.

Instead, BBC funds will be directed towards retaining events such as the Six Nations rugby union and Formula One, which they now share with Sky.