At The Races Update
23 Noviembre 2004 - 3:45AM
UK Regulatory
RNS Number:5318F
Arena Leisure PLC
23 November 2004
23 November 2004
At The Races Update
Arena Leisure Plc ("Arena") notes the announcement of 22 November 2004,
reproduced in full below, by At The Races ("ATR") regarding court proceedings
against The Racecourse Association ("RCA") and the UK courses aligned to Racing
UK, relating to the repayment of monies due under the original Media Rights
Agreement.
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For further information, please contact:
Arena Leisure Plc
Ian Penrose, Chief Executive 020 7495 2277
Bell Pottinger Corporate & Financial
David Rydell / Zoe Sanders - 020 7861 3232
Issued 22 November 2004
At The Races Press Release
The Racecourse Association and the UK courses aligned to Racing UK suffered a
set-back in the High Court on Monday when their attempt to delay ("stay")
progress of At The Races' action to recover at least #50million under its old
media rights agreement (MRA) failed.
Mr Justice Cooke found that there was no reason to delay proceedings as a result
of the RCA's appeal to the Competition Appeal Tribunal against the OFT's
decision that the MRA was anti-competitive which means that ATR's case should be
ready to be heard by the time the Competition Appeal Tribunal rules in 2005.
A timetable has been set for the ATR litigation, which was started in August
2004, after monies became due under the rebate provisions in the MRA, and the
RCA and the other defendants now have only until 13 December 2004 to serve their
Defence. The trial has been pencilled in for November 2005. ATR was also awarded
its costs for having to deal with the RCA's stay application.
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