History
It was founded in April 1986 by Sheikh Mohammed Bin Rashid Al Maktoum as a rival to the Sporting Life. In 1998 Trinity Mirror, owners of the rival paper, purchased the licence to use the Racing Post trademark for a pound from Sheikh Mohammed and closed the Sporting Life. In October 2007 Trinity Mirror sold the Racing Post licence for £170m to FL Partners, an Irish private equity firm, who were advised on the venture by former Racing Post editor Alan Byrne. Trinity Mirror were requested by Sheikh Mohammed to give £10 million to four charities for transferring the licence to use the trademark, which the Sheikh continues to own. The Irish Racing Post was launched in February 2010 and is edited from Dublin.
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Famous quotes containing the word history:
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