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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