Friday, June 03, 2011

A very sad day for British racing: The Tote is sold after 83 years


After 83 years, the Tote- the publicly-owned bookmaker established by Sir Winston Churchill- is to be sold to a rival privately-owned bookmaking chain.   

For a comparatively small sum of money-the government will receive just £90m- the free-market fanatics in the coalition are selling-off another national asset.

You can hear me talking about why the sale is such terrible news for horse-racing on the BBC Radio 5 Live Breakfast Show with Nicky Campbell Show here (at 2hrs 5mins in to the programme of 03/06/11), and on the You and Yours programme on BBC Radio 4 here.

1 comment:

John said...

This is indeed sad news. Horse racing is one of the few sports with a bit of romanticism left in it. Even if you don’t like to gamble, it is always fun and exciting to watch the race.