Trinity Mirror Group Finally Sell The Racing Post
In a move which will probably secure the long term future of the paper, the horse racing gamblers bible, the Racing Post, has finally been sold off as part of the company’s sport division. There is no doubt that the Racing Post was the jewel in the crown of the £170 million deal which sees ownership transfer to FL Partners, an Irish led consortium who have an ex-Racing Post editor on board.
Under a complicated transaction, the rights to the name of the Racing Post were held by Sheikh Mohammed bin Rashid al-Maktoum who originally set-up the newspaper back in 1986. Trinity Mirror were requested to make a donation of some £10 million to a number of racing charities as part of the deal. While perhaps best know for the red top paper edition which adorns the surfaces of so many booking offices, the Racing Post brand name has also spawned a number of successful website under the Racing Post banner.
The online and offline editions are very well known in gambling circles, offering a wide range of information, analysis and tips for each and every race of the day. The team behind the Racing Post have some of the best contacts in the business, and have uncovered some of the good the bad and the ugly of the sport over the years. It is hoped that the original team will also move to the new owners, who have promised significant investment under their stewardship.
When you consider the history between the Irish and horse racing, it seems as though the Racing Post could not be in better hands. We will no doubt be seeing a number of high profile Racing Post sponsored events over the coming weeks, months and years ahead as they tackle the re-growth of this famous sporting brand.