Nick is joined by Racing Post senior writer Lee Mottershead to discuss the news and events from around the racing world today. The centrepiece of today's episode is an extended interview with the incoming chair of the BHA, Joe Saumarez Smith, his first day in the role coinciding with a new strategy for the sport that seeks to cement the BHA's place in its governance structure. Nick asks Saumarez Smith whether he conceives of racing primarily as an industry or a sport and whether he will be granted the authority to lead by his stakeholders. As the Cazoo Derby Festival approaches, Nick talks to Clerk of the Course Andrew Cooper for an update on the ground and uncertain weather forecast, while trainer Charlie Fellowes and syndicate manager Tony Elliott talk about their Epsom dreams with Grand Alliance (Derby) and Rogue Millennium (Oaks) respectively. JA McGrath provides his weekly update from Hong Kong with reminiscences of Lester Piggott.