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
Famous quotes containing the words risk, capital, partners and/or takeover:
“The Englishman’s strong point is his vigorous insularity; that of the American his power of adaptation. Each of these attitudes has its perils. The Englishman stands firmly on his feet, but he who merely does this never advances. The American’s disposition is to step forward even at the risk of a fall.”
—Thomas Wentworth Higginson (1823–1911)
“If Los Angeles has been called “the capital of crackpots” and “the metropolis of isms,” the native Angeleno can not fairly attribute all of the city’s idiosyncrasies to the newcomer—at least not so long as he consults the crystal ball for guidance in his business dealings and his wife goes shopping downtown in beach pajamas.”
—For the State of California, U.S. public relief program (1935-1943)
“It is ultimately in employers’ best interests to have their employees’ families functioning smoothly. In the long run, children who misbehave because they are inadequately supervised or marital partners who disapprove of their spouse’s work situation are productivity problems. Just as work affects parents and children, parents and children affect the workplace by influencing the employed parents’ morale, absenteeism, and productivity.”
—Ann C. Crouter (20th century)
“A poet is a combination of an instrument and a human being in one person, with the former gradually taking over the latter. The sensation of this takeover is responsible for timbre; the realization of it, for destiny.”
—Joseph Brodsky (b. 1940)