Racing Post sold for £170m

Racing Post, British racing's only daily newspaper, is set to change ownership sometime next week in a deal believed to be worth in the vicinity of £170 million.

At last, the finishing line is in sight after a marathon nine months of negotiations with the present owners, Trinity Mirror.

The prospective new owners are a group of racing-friendly Irish investors coming under the banner of FL Partners. They have been advised on the venture by former Racing Post editor Alan Byrne.

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