Risk Capital Partners Takeover
In 2005 GRA Ltd was sold by Wembley PLC to venture capitalists Risk Capital Partners Ltd for £50 million. The Managing Director Clive Feltham remained at the helm after the takeover.
As a result of the takeover GRA have been in a perilous position after their parent company revealed that Galliard Homes have a financial interest in the group. This could spell the end of GRA as a greyhound operator.
In 2009 the Portsmouth Stadium track was sold by Risk Capital to pay down debt. It closed the same year.
Then on December 29, 2012 the GRA closed Oxford.
Wimbledon is subject to planning permission for housing and the GRA have struggled to keep up with other greyhound operators having to cut costs like prize money
The company continue to struggle under parent company Risk Capital.
Read more about this topic: Greyhound Racing Association
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