The bids are in for racecourse

Oct 24 2008 by Cheryl McEvoy, Ayrshire Post (main ed)

AN ARAB firm and an Irish consortium are the favourites in the race to buy Ayr Racecourse.

And, if all goes well, the course could have a brand new owner by Christmas.

Five bids in all have been submitted to Christie & Co, the agent acting for racecourse owners Alan Macdonald and Richard Johnstone.

It’s believed that the Middle Eastern bid is close to the £15 million asking price.

But the team behind the Irish bid are deadly serious about getting their hands on Scotland’s premier course and are preparing to make a second visit soon.

For the full story turn to page two.