Towcester Racecourse assets sold out of administration

The former owner of the stricken Towcester Racecourse Company, Lord Hesketh, has exited the business after administrators announced the sale of its assets to Fermor Land.

Lord Hesketh was born Alexander Fermor-Hesketh and is a former Conservative Party treasurer who defected to UKIP in 2011. Fermor Land, which is registered in Milton Keynes and was incorporated on 18 October, says it is considering a range of options for the future of the racecourse and hopes to be able to make an announcement early... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...