Towcester Racecourse’s future under threat

The racecourse announced on Thursday that it ceased all activities after experiencing trading difficulties.

UK.- Towcester Racecourse Company Limited, the company that owns Towcester Racecourse, announced on Thursday that it is taking steps to place the business into administration after facing trading difficulties.

The Northamptonshire venue features horseracing, regular greyhound meetings and multiple cards, but all activities for the week have been cancelled. The Sun newspaper reported that content provider SIS and racehorse owners ARC have been mentioned as possible companies that could take over the management in the short term.

“Towcester Racecourse Company Limited is currently experiencing trading difficulties and is in discussions with key stakeholders and professional advisors on the way forward. However, the directors have concluded that they have no alternative in the short term but to seek court protection and are now taking steps to place the company into administration,” reads the statement. “As a result, it is with regret that the greyhound meetings on this Friday, 17th August and over the weekend at Towcester Racecourse have been cancelled.”

“Whilst inevitably there will be considerable interest from customers, supporters and suppliers, the directors ask that they be given time to focus on exploring other options for the business and they anticipate there will be a further update in the next few days. The directors remain hopeful that despite the current situation, given the significant history of horseracing and more recently greyhound racing at Towcester, there will be significant interest from potential acquirers.”