Dai Walters will stay on as honorary chairman of Ffos Las racecourse – despite having sold the track to Arena Racing Company.
ARC previously had a management contract at the Carmarthenshire venue, which opened in 2009, but has now decided to add the course to its stable alongside 15 other tracks.
ARC chief executive Martin Cruddace said: “We are delighted to welcome Ffos Las Racecourse into ARC, and that Dai Walters will stay on as honorary chairman of the racecourse.
“As racecourses face escalating costs, together with uncertainty in retail media rights, we believe scale is now more important than ever. Equally, we will continue to closely consult with horsemen to make sure our expanding business continues to increase the value of the stakeholder experience.”
Walters, who built the track, added: “My association with the creation and delivery of Ffos Las Racecourse is something that I am very proud of, and I will continue to support the further development of the facility by remaining as the honorary chairman.
“The acquisition by ARC will allow Ffos Las to expand through utilising the knowledge and expertise gained from its other racecourses.
“They will be able to draw on other fixtures which have always been an issue for us, and provide more non-racing opportunities, through staging large music concerts.”