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Horserace Totalisator Board

Volume 498: debated on Monday 26 October 2009

To ask the Secretary of State for Culture, Media and Sport what percentage of the proceeds of the sale of the Tote will be provided to British horseracing. (294866)

[holding answer 22 October 2009]: The Government's position remains that we will honour our commitment to return half of the net proceeds of any market sale of the Tote to racing, subject to the requirements of European state aid and competition rule. I am unable to disclose commercially confidential or sensitive information about the valuation of the Tote or prospective Government payments to agents.

To ask the Secretary of State for Culture, Media and Sport pursuant to the answer of 16 October 2009, Official Report, columns 1143-44W, on the Reserve Totalmeter Board, on what date his Department was informed of the decision taken on 23 September 2009 to include the Tote in the list of assets to be sold. (294938)

[holding answer 22 October 2009]: The Department was aware of the decision in principle to include the Tote on the list of assets sold during a meeting on 23 September 2009.

Officials from the Department were present as well as Ministers.