«Breaking News» Administrators 'optimistic' for sale of Towcester racecourse soon

Administrators say they are optimistic a sale of Towcester racecourse can be agreed in time for the track's meeting on November 29 to go ahead.

The Northamptonshire track, whose history can be traced back to the 1870s, was placed in administration in August and yesterday the BHA agreed that its scheduled meeting on October 10 is being transferred to Southwell.

A tight timetable exists for the sale of the racecourse and its fixtures, its grandstand and the greyhound track on the site to go through in time for the November fixture.

Administrators are 'optimistic' that a sale of Towcester racecourse will be agreed very soon

That is likely to only be achievable if an existing racecourse group buys Towcester. Arena Racecourse Company, who own or run 16 British racecourses including Doncaster and Southwell have been linked with a deal.

Mark Orton, partner at KPMG and joint administrator, said: 'There has been a strong response from the market, with 25 interested parties to date and we are now in the process of working through these.

'Indicative offers are being sought in late September and we hope to conclude the sale process in October, to allow sufficient time for the 29th November 2018 jump fixture to be held at Towcester Racecourse.'

Meanwhile yesterday's meeting at Salisbury became the second to be called off this week because of an infestation from chafer grubs had made the ground unsafe.

Epsom's meeting tomorrow (Thursday) has also been called off. The chafer grubs attack the turf's root system and make the ground too loose to race on.

Salisbury's meeting on Friday will go ahead but races will be restricted to the Straight Course, away from the problem areas.

Godolphin's Royal Ascot winner Blue Point has been ruled out of Sunday's Derrinstown Stud Flying Five at the Curragh due to a dirty scope.

Coral make Roaring Lion an 8-11 shot to add Saturday's Group One Irish Champion Stakes at Leopardstown to his wins this season in the Eclipse Stakes at Sandown and International Stakes at York.

Blue Point ( pictured right) has been ruled out of Derrinstown Stud Flying Five at the Curragh

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https://hienalouca.com/2018/09/12/administrators-optimistic-for-sale-of-towcester-racecourse-soon/
Main photo article Administrators say they are optimistic a sale of Towcester racecourse can be agreed in time for the track’s meeting on November 29 to go ahead.
The Northamptonshire track, whose history can be traced back to the 1870s, was placed in administration in August and yesterday the BHA agreed...

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