Northern Racing Signs Huge 40-year Deal

Northern Racing has reached a groundbreaking, 40-year agreement on pitch positions with on-course bookmakers in a first for the horse racing industry.

?The commercial deal on positions in betting rings begins in September 2012, and lasts until 2052 with a further 10-year option. ??

The continuation of auctioning and private sales of positions is built into the arrangement.

It is the only such all-encompassing agreement struck by any racecourse group to date, and follows discussions that have taken place since the Gambling Act was introduced in 2007.
 
The Board and negotiating team of the Federation of Racecourse Bookmakers now intend to recommend wholeheartedly the terms of the agreement to their colleagues.
 
In addition the major bookmaking multiples represented on Northern Racing racecourses – Ladbrokes, William Hill and Totesport – support the deal.