Newbury Racecourse Plc Media Rights Agreement

 
TIDMNYR 
 
The information contained within this announcement is deemed by the Group to 
  constitute inside information as stipulated under the Regulation 11 of the 
   Market Abuse (Amendment) (EU Exit) Regulations 2019/310 ("MAR"). With the 
  publication of this announcement via a Regulatory Information Service, this 
       inside information is now considered to be in the public domain. 
 
                                                                  7th July 2021 
 
                            NEWBURY RACECOURSE PLC 
 
                    ("Newbury Racecourse" or the "Company") 
 
                            Media Rights Agreement 
 
Newbury Racecourse today announces that it has signed a media rights agreement 
with Arena Leisure Racing Limited, a subsidiary of Arena Racing Corporation 
Limited (the "Agreement"). The Agreement will commence from 1 April 2023 and 
will cover all fixtures at Newbury Racecourse until 31 December 2028. As part 
of the Agreement, through Attheraces Limited, these fixtures will be broadcast 
on Sky Sports Racing, adding a valuable portfolio of prominent fixtures across 
both Flat and Jump racing to further enhance the broadcaster's growing output, 
which already includes a number of high-profile events including Royal Ascot, 
the St Leger and Chester's May Festival fixtures. 
 
The Agreement covers all media rights (retail, digital, raceday data, 
terrestrial & international TV, media, production and access) and will replace 
the existing contract with Racecourse Media Group Limited which expires in 
respect of retail rights on 31 March 2023 and in respect of all other rights on 
31 December 2023. The Agreement is anticipated to give Newbury Racecourse both 
commercial and strategic benefits when the deal becomes fully effective in 
2024. Further, signing the Agreement secures the key media rights income stream 
for the Company until the end of 2028. 
 
For further information please contact: 
 
Newbury Racecourse plc 
                                                           Tel: [phone] 
Julian Thick, Chief Executive 
Harriet Collins, Marcomms & Sponsorship Director 
 
Allenby Capital Limited (AQSE Corporate adviser) 
                 Tel: [phone] 
Nick Naylor/Liz Kirchner (Corporate Finance) 
 
Hudson Sandler 
 
               Tel: [phone] 
Charlie Jack 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 07, 2021 02:00 ET (06:00 GMT)