The Racing Post is galloping towards a £500m sale as its owner looks to cash in on a surge in demand for sports betting data.Sky News has learnt that Exponent Private Equity, which acquired the horseracing bible in 2016, is in talks with investment banks about launching an auction of Spotlight Sports Group, potentially as soon as the first half of next year.
A media industry source said this weekend that the digitally led nature of Spotlight’s business meant that it was likely to command a premium multiple in a sale process.The Racing Post is the best-known of Spotlight’s brands, having been launched in 1986 as …
