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Arena Leisure - Attheraces terminates agreement

May 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ARE
Arena has announced that its subsidiary Attheraces, has terminated its media rights agreement with the 49 racecourse owners after being unable to renegotiate the contract.  It will now pursue those racecourses for contractual rebates, which are expected to exceed £50m,a proportion of which will flow back to Arena.   As a result,the Attheraces channel has stopped broadcasting.   Since then, the Office of Fair Trading has announced that the collective sale of those media rights to Attheraces was illegal. Arenamust hope that its partners in the Attheraces consortium, BSkyB and Channel 4, will bring their collective muscle to bear on the race courses when negotiations are commenced for a new agreeme ...

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Related Articles

Arena Leisure - OFT reforms not the dream scenario (August 2004)
Arena Leisure - Attheraces strikes new rights deal (June 2004)
Arena Leisure - Horse racing group could could benefit from OFT rulings (October 2003)

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