A takeover of the company which publishes the Racing Post is on the brink of collapse amid increasingly tough conditions for financing takeover deals
The process was launched amid booming interest in sports betting data from US-based gambling and media companies.The Racing Post is the best-known of Spotlight's brands, having been launched in 1986 as a rival to the venerable Sporting Life title and passing through the hands of a succession of owners since.
The ownership of the Racing Post name is held in perpetuity by its founder, Sheikh Mohammed bin Rashid Al Maktoum of Dubai, one of the world's most prominent racehorse owners.
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