The government has called off the sale of Tote after admitting that offloading the bookmaker now would leave it out of pocket.
Minister for sport, Gerry Sutcliffe, said the government would hold on to the company until it was confident it will secure a price that "reflects its true value".
“We need to be satisfied that it was right to proceed with a sale in the light of prevailing market conditions," he said.
“It is not appropriate to pursue a sale in these market conditions and have therefore decided that the Tote should be retained in public ownership for the medium-term, and brought to the market when conditions are likely to deliver value for the tax payer and racing.
“It is right that the Tote is now given time to grow the business so that any future sale will achieve maximum value.”
The government has called off the sale of Tote after admitting that offloading the bookmaker now would leave it out of pocket.
“Fitstop is growing well. In 2023 it added 45 locations and launched in New Zealand, Singapore and the US. It has grown sustainably and has great founder-led energy”
When a hefty round of investment
coincided with the pandemic, the
CEO of Midtown Athletic Clubs
feared the company – founded by
his grandfather – would go down
on his watch. He talks to Kath
Hudson about the pressure to
keep the business afloat
Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game
Changers Podcast with Sue Anstiss, CEO of Fearless Women.
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of
innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of
excellence.
A charity dedicated to narrowing the gender and ethnic diversity gap in physical activity
has launched a community wellbeing space aimed at extending the lives of people with some of
the UK’s poorest health outcomes.
The government has called off the sale of Tote after admitting that offloading the bookmaker now would leave it out of pocket.
Minister for sport, Gerry Sutcliffe, said the government would hold on to the company until it was confident it will secure a price that "reflects its true value".
“We need to be satisfied that it was right to proceed with a sale in the light of prevailing market conditions," he said.
“It is not appropriate to pursue a sale in these market conditions and have therefore decided that the Tote should be retained in public ownership for the medium-term, and brought to the market when conditions are likely to deliver value for the tax payer and racing.
“It is right that the Tote is now given time to grow the business so that any future sale will achieve maximum value.”
The government has called off the sale of Tote after admitting that offloading the bookmaker now would leave it out of pocket.
“Fitstop is growing well. In 2023 it added 45 locations and launched in New Zealand, Singapore and the US. It has grown sustainably and has great founder-led energy”
When a hefty round of investment
coincided with the pandemic, the
CEO of Midtown Athletic Clubs
feared the company – founded by
his grandfather – would go down
on his watch. He talks to Kath
Hudson about the pressure to
keep the business afloat
Consumers’ growing love of strength training is to be welcomed, as this long-neglected modality has a renaissance, however, it’s vital we continue to make the case for cardio
Speaking on the LIFTS podcast recently, Xponential Fitness CEO Anthony Geisler said participation in studio cycling is down globally. Kath Hudson decided to investigate
Join us at Elevate from 12-13 June in London for a special one-off live recording of The Game
Changers Podcast with Sue Anstiss, CEO of Fearless Women.
In the dynamic world of indoor cycling, Schwinn has consistently been at the forefront of
innovation. Now, we proudly present the Schwinn Z Bike, the culmination of our legacy of
excellence.
A charity dedicated to narrowing the gender and ethnic diversity gap in physical activity
has launched a community wellbeing space aimed at extending the lives of people with some of
the UK’s poorest health outcomes.