How Brexit could derail $7 billion horse racing industry

If you want an idea of the challenges Brexit negotiators on both sides of the table face ahead of the summit in Brussels later this month, look no further than the world of horse racing.
Known as the "Sport of Kings" for its centuries-long connection with royalty, a so-called "hard Brexit" could have serious consequences for both the British and Irish horse racing industries.

Thoroughbred racing and breeding is big business on both sides of the Irish Sea, providing jobs for more than 32,000 people in rural areas and adding a combined $7.2 billion a year to the Irish and British economies, according to consultancy firm Deloitte.
"It would have a huge impact on horse racing in this country and in Britain, it is a real worry," Brian Kavanagh, chief executive of governing body Horse Racing Ireland, told CNN by phone.

Source: Edition.Cnn