Carl Llewellyn has been fined �1,500 by the British Horseracing Authority for “conduct prejudicial to horse racing”.
The former rider, who is now assistant trainer to Nigel Twiston-Davies, is alleged to have made a racial comment at a Cheltenham Festival preview evening at the Hollow Bottom pub, Gloucestershire.
Llewellyn faced a penalty ranging from a �1,000 fine to a three-year ban.
He admitted to a breach of the rules at a BHA hearing on Thursday morning.
A BHA statement read: “The (disciplinary) panel noted that Mr Llewellyn had been a speaker at a ticket-only racing preview forum held on March 10, 2014 at the Hollow Bottom Public House in the presence of supporters of horse racing and media representatives.
“Comments made by Mr Llewellyn during the first half of the forum had brought horse racing into disrepute in that they had been made in a context which could have had racial connotations and caused offence.
“During a break in the forum, Mr Llewellyn apologised to an individual who was present, explaining that it had been an attempt at humour and that he had not intended to cause offence.
“Prior to the restart of the forum the landlord had also apologised to everyone present on behalf of the public house and Mr Llewellyn.
“The panel further noted that Mr Llewellyn’s conduct had led to adverse publicity for the sport, including attracting comment from the Minister for Sport, Tourism and Equalities (Helen Grant).
“The panel accepted an admission from Mr Llewellyn that he was in breach of Rule (A) 30 and his undertaking to make a public apology.
“Taking into account the high profile Mr Llewellyn continues to hold within the sport following his successful career as a jockey, and his current positions as assistant trainer to Nigel Twiston-Davies and a BHA jockey coach, the panel imposed a fine of �1,500 upon him.”Read the rest of the story British Horseracing Authority News Headlines