Racing Post To Invest 10Million GBP For Online Expansion

So says the new CEO of Racing Post, shortly after being sold from parent Trinity Mirror (LSE: TNI) to private equity investment firm FL Partners for GBP 170 million. He said in an NMA story that it will invest up to GBP 10 million of its new owner’s money for online expansion in the next 12 months.

Besides adding more content, both text and multimedia, the company is considering premium service: “We are developing a premium service that is used for a very specific purpose and we will be investigating which services users will pay for,” he said, though it will be a hybrid service.

Racing Post has also relaunched its betting website, after a public beta trial.

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