Companies: ARE   

GMTV managing director Christopher Stoddart will become chief executive of the Go Racing consortium from May. Go Racing was formed by Arena, Channel 4 and BSkyB last October and is offering more than £750m for the media rights for UK horse racing over the first ten years with a guaranteed cash sum of £400m including an £80m marketing budget. The consortium's offer for racing rights includes plans for a dedicated Go Racing channel, an interactive TV service - including on screen betting via Sky Digital - and a website allowing international betting. The consortium is planning 4,000 hours of live racing coverage each year, 'more than any other sport receives in the UK'. Arena operates six racecourses including Lingfield Park and Folkestone. Interim sales to 30 September 2000 were boosted by 97% to £10m on a full year's contribution from Wolverhampton, Southwell, Worcester and Royal Windsor. Losses widened from £161,000 to £2.75m as the group invested heavily in its internet and interactive gaming technology.

Arena Leisure	LSE	£91.05m	25.00p	0.75p
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