chroniclandlord
Senior Jockey
It has been announced that Hereford is to close permanently and Fokestone temporarily.
Attempts to extend Hereford's lease from Herefordshire County Council have been unsuccessful, while plans are also in place for Folkestone to cease trading at the end of the 2012 season.
Tony Kelly, managing director of Arena and Northern Racing, said Folkestone may reopen in the future - subject to on-going negotiations with Shepway Council.
Kelly said: "Hereford is owned by Herefordshire County Council and run under a lease arrangement.
"Attempts to extend the lease, which has 17 years remaining, have been unsuccessful.
"Despite being unviable for several years we have supported the racecourse but much-needed investment, required to breathe new life into the racecourse, cannot be justified in the absence of a long-term future for the business.
"Folkestone suffers from outdated facilities and has been the subject of detailed discussion between the previous management, Arena Leisure, and Shepway District Council for several years now.
"The proposal for the site incorporated significant residential development, which would have enabled a new racecourse to be constructed with much enhanced amenities.
"However, these plans have been delayed following the recent Examination in Public of the local plan.
"Discussions will continue with Shepway District Council in the hope that there will be approval of development plans which would secure the future of the racecourse.
"If they succeed, work to reconfigure the racecourse could commence in 2013."
Racecourse fixtures currently staged at Hereford and Folkestone will be transferred to other racecourses within Arena and Northern Racing.
Kelly said: "Every effort to continue trading at these racecourses has been explored but it is with regret that a variety of circumstances means that this is no longer possible, therefore both Hereford and Folkestone racecourses will therefore cease trading at the end of the 2012 season.
"The fixtures will be transferred to other racecourses within the group, where we will be able to offer increased prize-money and better quality facilities for connections and racegoers alike."
Northern Racing is owned by businessmen David and Simon Reuben, who bought out Arena Leisure plc in March 2012.
Arena and Northern Racing is now Britain's largest racecourse group.
The two racecourses - Hereford is a National Hunt track while Folkestone stages both Flat and Jumps racing - will be the first to shut in Britain since Great Leighs lost its licence in 2009.
Paul Bittar, chief executive of the British Horseracing Authority, believes racing's "outdated" financial model is the root cause behind the closures.
In a statement, Bittar said: "This decision is a matter for Northern Racing and Arena Leisure. We recognise and respect the commercial pressures that lie behind it.
"While British racing is immensely popular on many levels, and enjoyed record attendances last year, the fact is that the sport's financial model remains badly outdated.
"This undoubtedly makes life very difficult for all who depend on the sport for their living and it also impacts upon racecourses, particularly smaller ones.
"We are encouraged to learn that the fixtures transferred as a result of the closures will benefit from increased prize-money, but the priority for the whole sport remains the modernisation of our funding mechanism to underpin the future of British Racing and ensure a fair return for all participants."
I would be indifferent to Folkestone but Hereford has a certain charm.I cam remember Michael Dickindon sending either Bregawn or Silver Buck to Hereford for their Gold Cup prep run- no sp returned.
From a sporting perspective, is Kent the most boring county in Britain, given that it has a population of nearly 1.75m people in a wealthy part of England?
Its only football league club, Gillingham, is in the bottom division, so is its cricket team, and now it's in danger of losing its only remaining racecourse.
Are there other contenders for this dubious title?
Are there other contenders for this dubious title?
Kent cricket is struggling at the moment but to be fair it is a strong sport down there with a long history
Hertfordshire knocks spots off Kent in that respect!From a sporting perspective, is Kent the most boring county in Britain, given that it has a population of nearly 1.75m people in a wealthy part of England?
Its only football league club, Gillingham, is in the bottom division, so is its cricket team, and now it's in danger of losing its only remaining racecourse.
Are there other contenders for this dubious title?
....
It is more than slightly ironic that one of the results of the OFT's rule 14 notice that supposedly was to promote competition has been to leave us with a monopoly situation in the area of racecourse management and with those racecourses now largely able to do what they like in the face of a toothless governing body