Doncaster Racecourse could be sold

Doncaster Racecourse first meeting after re-build..... Lady Jane Digby leading the field in the first race over the line     Picture Chris Lawton  17 Aug 2007   See Story Bill Bridge
Doncaster Racecourse first meeting after re-build..... Lady Jane Digby leading the field in the first race over the line Picture Chris Lawton 17 Aug 2007 See Story Bill Bridge
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DONCASTER Racecourse could be put up for sale after its owners announced it was considering selling its business.

Arena Leisure, which owns seven racecourses including Doncaster, has said it is reviewing the possible sale of the company as part of its increase value for shareholders.

The announcement has prompted speculation that billionaire property developers and brothers David and Simon Reuben, could increase their 30 per cent stake in Arena. The pair already own ten race tracks including Uttoxeter and Chepstow.

However, a stumbling block could be winning round racehorse owner and investment tycoon Trevor Hemmings who owns just over 40 per cent.

Arena took over the running of Doncaster Racecourse in 2006 from Doncaster Council on a 99 year lease as part of its £32 million redevelopment.

As part of the deal the council receives 19 per cent of profits.

Arena recorded pre-tax profits of £3.62 million last year.

Following the news of the possible ale shares this lunchtime had jumped four pence to 36.25p.