News Article

Business Recovery & Insolvency

Update from Administrators on Great Leighs racecourse

By CreditMan Friday, May 8, 2009

The Joint Administrators of the group of companies which own and operate the Great Leighs all weather racing complex have confirmed that they have entered into an agreement in principle for the sale of the racecourse.

Carlton Siddle, Joint Administrator and Deloitte Partner, commented: “We have entered into an exclusivity agreement with Terry Chambers, the owner of Ashfields Carriage and Polo Club in Essex, to purchase the Great Leighs racing complex. We aim to exchange contracts on Friday 15 May.

“Assuming that the contracts are exchanged then responsibility for resolving any outstanding issues around the site, and for obtaining a racing licence for Great Leighs will pass to the new owner.”

Carlton Siddle and Nick Edwards of Deloitte, the business advisory firm, were appointed as Joint Administrators to the group of companies that own and operate the Great Leighs all weather horse racing complex in Chelmsford, Essex, on 16 January 2009.

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