Shake-up at Arena Leisure

Racecourse operator Arena Leisure yesterday lined up David Thorpe as its new chairman after Raymond Mould stood down at the company’s AGM. Thorpe, 60, is a former chairman of the Racecourse Association, while Mould is giving way so he can spend more time working at his London & Stamford Property business. Arena, which operates seven racecourses including Windsor and Doncaster, said in a statement: “Under his (Mould’s) chairmanship, Arena has seen the successful establishment of a new in-house catering operation and the signing of a new media rights agreement ... that fundamentally transforms Arena’s profitability from 2012.” A trading update showed the company’s performance was in line with analysts’ forecasts.