The Racing Post newspaper is set to be sold. As reported in Ireland's Sunday Business Post, Exponent Private Equity has emerged as a preferred bidder for the business which is owned by Stradbrook Acquisitions. The Racing Post trademark is owned in perpetuity by Sheikh Mohammed and although the bidding process for the business began several months ago there is speculation that both the outcome of the Brexit vote and Sheikh Mohammed's approval for the deal are factors that are pending. Stradbrook Acquisitions is made up of approximately 20 shareholders, including Alan Byrne, Racing Post chief executive. The paper and its associated business is understood to be very profitable and it is believed the sale will also net the shareholders a substantial return on their investment having purchased the company's €180m debt two years ago for a discounted rate.
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