Takeover talks for racing firm

ARENA Leisure, the owner and operator of Doncaster Racecourse, has confirmed it is in talks with one of its biggest shareholders about a possible takeover.

The firm said it had received a proposal from brothers Simon and David Reuben in relation to a possible offer for the company.

The brothers currently own under 30 per cent of Arena while entrepreneur racehorse owner Trevor Hemmings controls more than 40 per cent.