Towcester Racecourse administrators hopeful of sale

Administrators appointed to stricken Towcester Racecourse say they have had a “strong response” from the market, with over 25 expressions of interest received.

Mark Orton and Will Wright from KPMG are working towards selling the business and have confirmed that a race meet planned for 10 October has been moved to Southwell Racecourse in Nottinghamshire.

Mark Orton, partner at KPMG and joint administrator, said: “We’re pleased that the jump fixture on 10th October is now able to go ahead and we will continue to work with the BHA to enable the sale of 10 further upcoming fixtures at Towcester Racecourse.

“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.”

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