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Volume 450: debated on Tuesday 10 October 2006

9. To ask the Secretary of State for Culture, Media and Sport what progress her Department is making with the sale of the Tote. (92573)

My Department has been in discussion with a racing consortium regarding the sale of the Tote at full market value.

Unfortunately we have not been able to reach an agreement with the consortium.

We will announce shortly how we intend to meet the intentions of the manifesto—achieving value for money for the taxpayer and recognising racing’s interest in the Tote.