Towcester attracts 25 potential buyers with aim to complete sale next month
Towcester racecourse's administrator KPMG revealed on Tuesday that 25 potential buyers had shown an interest in the track and it was hoped a sale could be concluded next month.
KPMG also said it was working with the BHA over Towcester's forthcoming fixtures, with what would have been its opening meeting of the season on October 10 being transferred to Southwell.
However, the administrators said their aim was for the sale to be completed in time for the November 29 fixture to be held at Towcester.
KPMG partner and joint-administrator Mark Orton said: "We’re pleased the jump fixture on October 10 is now able to go ahead and we will continue to work with the BHA to enable the sale of ten further upcoming fixtures at Towcester racecourse.
"There has been a strong response from the market, with 25 interested parties to date, and we're now in the process of working through these.
It was announced in August that the course, which stages horse and greyhound racing – including that sport's premier event, the Star Sports Derby – was in trouble and was to be placed in administration. A total of 134 staff have been made redundant.
While it is understood the administrator's ultimate aim is to sell all parts of the Towcester racecourse business as a whole, should a buyer not be found it could sell off the horseracing fixtures separately.
The BHA said it would continue to work with KPMG over the remaining fixtures at the track.
BHA head of racing Paul Johnson said: "The BHA has approved the transfer of Towcester's October 10 fixture to Southwell.
"We remain in communication with the administrators in charge of Towcester regarding the racecourse's remaining fixtures in 2018 and the longer-term status of the course, and will provide further updates in due course."
Members can read the latest exclusive interviews, news analysis and comment available from 6pm daily on racingpost.com
Published on 12 November 2018inNews
Last updated 18:49, 12 November 2018
- Members' Club Ultimate subscribers: get exclusive tips on the Racing Post app during Cheltenham
- Racing Post Members' Club: 50% off your first three months
- Access the Racing Post Digital Newspaper every night when you join Members' Club in time for the Cheltenham Festival
- Access the Racing Post Digital Newspaper every night when you join Members' Club in time for the Cheltenham Festival
- Get exclusive tips on the Racing Post app for just £10 a month for three months when you join Members' Club in time for the Cheltenham Festival
- Members' Club Ultimate subscribers: get exclusive tips on the Racing Post app during Cheltenham
- Racing Post Members' Club: 50% off your first three months
- Access the Racing Post Digital Newspaper every night when you join Members' Club in time for the Cheltenham Festival
- Access the Racing Post Digital Newspaper every night when you join Members' Club in time for the Cheltenham Festival
- Get exclusive tips on the Racing Post app for just £10 a month for three months when you join Members' Club in time for the Cheltenham Festival