Sir David Sieff has vowed to see off the threat to his chairmanship of Newbury Racecourse from its biggest shareholder and questioned its commitment to racing on the west Berkshire circuit.
GPG Acquisitions has challenged the board’s redevelopment strategy and its experience in handling a property deal to develop on part of the land.
Sir David said the board took advice on the property deal from property experts proposed by GPG.
Financial Times 09/02/08 page 14
