Great Leighs Has Gone Into Administration!!!!!

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Yes guys its official guys.

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Re: Great Leighs Has Gone Into Administration!!!!! Great Leighs racecourse, the first new track to be opened in Britain since 1927, has been placed in administration. Carlton Siddle and Nick Edwards of Deloitte, the business advisory firm, have been appointed as administrators to the group of companies that own and operate the all-weather complex in Chelmsford, Essex. Siddle said: "We have today been appointed administrators and will be assessing the position of the group in order to determine the best outcome for its creditors. We will continue to work with existing management and key business partners to continue to trade the business in the short term." He went on: "We are currently in discussions with the sport's regulatory body, the British Horseracing Authority. in respect of securing the course's racing licence and ability to continue to trade as a going concern while we investigate the opportunity of a sale." Great Leighs had been refused a temporary licence by the BHA regulatory committee and the meeting scheduled for next Thursday was switched to Kempton. A statement on www.britishhorseracing.com said: "The racecourse managing executive has been operating under temporary licences since January 1, the latest of which expired at midnight on January 15. "An application at the hearing was made for a new temporary licence to operate until the end of January. The committee declined to grant a further temporary licence. "The effect is that, unless and until a new application is made and is successful, there is no licence in place for racing at Great Leighs. "The Racing Department of the BHA are dealing with the Fixture List and racing administration consequences of this." Built on the 430-acre site of the former Essex showground north of Chelmsford, the track opened its doors in April last year.