Martin St Quinton to Oversee Cheltenham Racecourse Redevelopment
By iSportconnect | June 5, 2013
Gloucester Rugby vice-chairman Martin St Quinton will chair the committee overseeing the financial plans of the £45m Cheltenham racecourse redevelopment.
St Quinton, who is a long-standing horse owner and a non-executive racecourse committee director at Epsom said: “Not so long ago, to raise funding for this type of project you would only turn to your bank. But today’s climate is different and we are now seeing highly innovative and effective new ways of financing being explored and created.
“I’m delighted to lean on my experience in business and finance to work with The Jockey Club funding committee on the funding of this highly prestigious development and we have got off to an excellent start as a result of the Racecourse Bond offer being highly successful.
“As far as jump racing is concerned, Cheltenham is the centre of the universe and we are determined for facilities to match its hard-earned standing within British sport through this exciting project.”
Work will begin after the 2014 Cheltenham Festival and should be completed by 2015, with racing continuing as normal.