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UK Government invites racing consortium to make a full market value bid for the Tote

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The racing consortium made up of the Racecourse Holdings Trust, the Racecourse Association and the Racehorse Owners Association, together with management and staff of the Tote bookmaker have been given until 26 January 2007 to come up with a sustainable plan to meet the Government’s £400 million asking price to take over the state-owned bookmaker.