Morton’s bid to restore Walthamstow is rejected
Greyhound racing enthusiasts have been dealt a blow with the news that Walthamstow stadium looks unlikely to re-open as a race track.
The Stadium was closed down in 2008 due to lack of funding and the current owners of the land were keen to build new properties on the site. But businessman and greyhound racing fanatic Bob Morton planned to buy the track, tabling a bid of £9million, with the promise of bringing back racing in addition to building flats on the site.
Unfortunately his offer has been rejected by the London & Quadrant housing association, which owns the site, as being insufficient to meet current market value.
Morton, president of the Greyhound Owners, Breeders and Trainers Association, told the BBC: "It is a sad decision - very disappointing.
"It is quite obvious they don't want greyhound racing there. They brought the stadium in 2008, at the height of the market, and they don't want to make a loss on it."
London and Quadrant is thought to have paid about £18million for the venue and according to Morton he won’t be increasing his current bid.
"I am a businessman at the end of the day," he added.
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