Ayr Racecourse up for sale- 8 Sep 2008 00:00:00
Despite pulling in bumper crowds in recent weeks, Ayr Racecourse has been put up for sale by its owners.
Owners Alan Macdonald and Richard Johnstone say the poor state of the housing market and the planning system in Scotland forced the decision.
The duo have spent £14m on improving the facilities at the course which has become a fixture in the Scottish horse racing calendar.
Western House Hotel, which forms part of the Ayrshire complex, has also been put on the market.
Macdonald and Johnstone bought the racecourse and hotel five years ago and they say both businesses are profitable.
Macdonald said: ‘We have turned a sleeping giant into a vibrant multi-purpose business, but the time is right to hand the baton over. Richard and I stated when we bought the course five years ago that our intentions were to restore Ayr to its former glory and to ensure a long-term sustainable future as Scotland's only grade one track.
Ayr Racecourse hosts National Hunt and Flat races with its premier attractions being the Coral Scottish Grand National and the John Smith's Ayr Gold Cup Festival.