Sunday November 29, 2020

£5.7m goodwill writedown for Racing Post

The Irish owners of the Racing Post have taken a £5.7 million writedown on the goodwill associated with the newspaper, bringing total writedowns for the past two years to £60 million.

18th May, 2013
The Racing Post has had writedowns totalling £60 million over the past two years. Photo: PA

The Irish owners of the Racing Post have taken a £5.7 million writedown on the goodwill associated with the newspaper, bringing total writedowns for the past two years to £60 million. The paper now has a goodwill value of £87.6 million, according to new accounts. The Racing Post was acquired in 2007 by Irish investors for £170 million. The paper posted an operating profit of £13.4 million for 2012, after increasing revenues by £2 million...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 11 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago