, windfall for equine charities
Four racing-related charities are each to receive £2.5million following the sale of racing’s trade newspaper, the Racing Post.
The Irish private equity investment company FL Partners paid £170m to buy the punters’ favourite from Trinity Mirror plc.
Alan Byrne, who edited the paper from November 1993 to January 2003, has been appointed chief executive and editor-in-chief.
Former owner Trinity Mirror plc agreed to donate the money equally between Racing Welfare, the Injured Jockeys’ Fund, Retraining of Racehorses and trainer Barney Curley’s Direct Aid to Africa charity, as a condition of the transfer of the licence to use the Racing Post trademark.
The decision was taken at the suggestion of Sheikh Mohammed, who founded the daily paper in 1986.
This news story was first published in Horse & Hound
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A St Andrews’ graduate, Catherine joined Horse & Hound in 2002 and stayed for 11 years in a variety of roles until she went freelance in June 2013. She rejoined the team part-time in November 2016 as hunting editor. She pretty much lives on the hunting field or at the racecourse, but also loves eventing, as a journalist, press officer and competitor. She was H&H’s sole accredited journalist at the London Olympic Games and has reported from major race meetings and eventing, showjumping and dressage championships and shows round the world, and has hunted all over Britain and Ireland.