|By PR Newswire||
|December 20, 2013 06:17 AM EST||
MANCHESTER, England, December 20, 2013 /PRNewswire/ --
Tote Media Limited a new Betfred company is pleased to announce that it has formed a joint venture company (Great Leighs Estates Limited) with SIS and Bet Solutions International to acquire the various assets and racetrack formerly known as Great Leighs. Subject to any permissions required, it is intended the track will be renamed to Chelmsford City Racecourse.
The racetrack is in excellent condition despite its lack of use since last operational. The new management will undertake a comprehensive review of the track and its facilities, but will initially focus on building a new custom built grandstand with commensurate leisure and betting facilities. The track is expected to run a regular high quality self funded racing program and will apply to the BHA in January for a licence and entry into the 2015 Fixture Allocation Process.
Phil Siers the Managing Director of Tote Media Limited said "We are delighted to be involved in this project, and look forward to working with our partners and the BHA to create, what we believe will be the best all weather facility in Europe."
Joe Scanlon Director of Racing at Betfred has been appointed Chairman of the racecourse.
"I'm delighted that a new joint venture Company has acquired the assets of Great Leighs and I look forward to working with our partners. The track is ideally placed for Newmarket's training centre whilst the surrounding area has a total catchment in excess of 3 million people.
This is an exciting challenge and represents a significant investment. Working closely with the BHA we intend to deliver a high class programme of racing which can only be to the benefit of everyone involved in our wonderful sport"