Northern Racing takeover – could Arena be next?

United Kingdom

This article was produced by Olswang LLP, which joined with CMS on 1 May 2017.

The board of Northern Racing has agreed to a takeover by the Reuben brothers valuing the company at £95m. There have been consistent rumours that the Reuben brothers will now turn their sights to Arena Leisure which would lead to the creation of a commercially powerful racecourse group to rival the Jockey Club Racecourses group, which now owns 14 racecourses.