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UK racehorse owners band together to invest in Tote

24th May 2018 9:55 am GMT

A consortium of UK racehorse owners has reached an agreement to purchase a stake in The Tote from Betfred founder and chief executive Fred Done.

In what is being referred to as the "Alizeti deal", the owners and breeders have secured a 25 per cent stake in the UK horse race pool betting business, with an option to acquire the business outright in future. The consortium will invest up to £150m in the business through the acquisition.

The [...]

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