Here we go again! I’m in the hunt for a replacement electronic form book.
TurfTrax to place TurfTrax Racing Data unit into administration
LONDON (Thomson Financial) – TurfTrax Plc. proposed to place its subsidiary TurfTrax Racing Data Ltd. into administration in the near future, as part of its restructuring plans.The company said Thursday it has completed of the sale of TurfTrax Ground Management Systems Ltd. (TGMS) to Richard Earl, a director of a subsidiary of the company for about total 300,000 pounds, with 245,000 pounds cash and 55,000 pounds from the collection of net current assets prior to the completion date.
The sale proceeds will be used to fund the ongoing working capital requirements of the company, the group, which distributes data to the horse racing, betting and media industries, added.
I knew something was up when I received an email this morning indicating that my £5 subscription had been cancelled, in accordance with the request from TurfTrax.
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Tags: Inner Thoughts
2 Responses to Turftrax Credit Crunched!
Baz
July 20th, 2008 at 21:31
I used both Turftrax and Superform and their failure maybe due to the amount of free stuff on the internet
making it difficult to sell subscription services.
I found the Turftrax sectional times particularly good on the AW and hope that someone is able to continue this service. I think its a good job Betfair bought Timeform providing them with some safety.
I now intend to have a good look at the Adrian Massey website, I dont know how good his ratings are but I like how he lists the rating for every run, should give a good indication of preferences. Other than that its back to the RPost which every one uses.
Good Luck
slipperytoad
July 21st, 2008 at 11:29
Baz
You and I have followed the same path eh!
Been experimenting with the Racing Post ratings this weekend and though I hate using the same information as everyone else I’m using their data in a slightly different way and so far results look promising.
Let me know how you get on with the Massey data. Back in the day, they were my first references however; once I found out how the ratings were created I decided that they were not adequate for my approach.