The future of Towcester racecourse and greyhound track looks bleak today after the owners revealed they have placed the business in administration. The course website news pages have not been updated since the end of June but a statement on the courses Facebook page uploaded earlier today reads:
Towcester Racecourse Company Limited, proprietors of Towcester Racecourse, are currently experiencing trading difficulties and are 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.
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.
Only this week they were still promoting their ‘Fab 4 Pack’, ‘Curry Night’ and ‘Celebration 8 Pack’ on the page suggesting the news will have come as a shock too many including the employees.
The jumps track was due to stage three more fixtures later this year whilst greyhound meetings were staged every Friday, Saturday and Sunday evening, plus Saturday mornings. The greyhound track was only opened in 2014 at a cost of £1.5 million and was considered a flagship venue; in 2017 the track became the home of the Greyhound Derby following the closure of Wimbledon dog track in 2016.