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He does, yes, and he probably owes a chunk to SIS. Although not sure we'll get the full story from either of them. Arc seems unlikely I think, best options would probably be.. 1) PGR come on board and it continues under Boothby. They've already issued a statement saying they are "assessing all options", although don't think they have the best of relations with Boothby. 2) Change of leaseholder. Someone like Ben Keith coming on board would make sense, but it's a big risk for him. Mike Davis at Towcester would be another option.
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It is possible that SIS is closing Greyhound Racing Tracks purely for financial purposes after the rise in gambling tax. The Remote Gaming Duty has risen from 21% to 40% as from yesterday. William Hill will close over 200 betting shops due to this rise and could further affect Horse Racing throughout the country. So not only SIS but potentially ARC and all other forms associated with betting.
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He owes a significant amount of money across his business and administration could be next. As discussed on here, someone like ARC could take on the lease.
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By Teromaafan · Posted
He won't be in any heat 15s for the Foxes, so should be able to get away early each week. -
It doesn't look like that's the case on this occasion (although certainly won't have helped). It's a consequence of bad business decisions when the lease was signed. Looks like Boothby signed up for a lease he couldn't afford on his own, knowing he was getting financial assistance from SIS. Now SIS themselves are in financial trouble and have pulled the plug on giving Boothby any cash - meaning he can no longer afford to run the greyhounds.
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