The future of Towcester racecourse and greyhound track is uncertain after the owners said they were taking steps to put the business into administration.
Towcester Racecourse Company Limited said it was “currently experiencing trading difficulties”.
As well as horse racing, the venue in Northamptonshire also stages greyhound meetings, and scheduled cards have been cancelled.
For the past two years it has hosted the Greyhound Derby.
In a statement, the company said it was “in discussions with key stakeholders and professional advisors on the way forward”.
The directors have concluded that they have no alternative in the short term but to seek court protection and are now taking steps to place the company into administration.
Whilst inevitably there will be considerable interest from customers, supporters and suppliers, the directors ask that they be given time to focus on exploring other options for the business and they anticipate there will be a further update in the next few days.
The directors remain hopeful that despite the current situation, given the significant history of horse racing and more recently greyhound racing at Towcester, there will be significant interest from potential acquirers.