The finalised acquisition will see the Central Park stadium join ARC’s growing list of greyhound stadia in Newcastle, Nottingham, Sunderland and Perry Barr. ARC also operates sixteen racecourses.
“We are delighted to have reached agreement with Cearnsport Limited, and to welcome Central Park into the ARC group of venues,” said ARC director of media and technology, Mark Kingston.
“We are incredibly grateful to Roger Cearns, whose knowledge and expertise will be hugely valuable to the business during an upcoming transitional period.”
Cearns, a promoter at Central Park, will see the business through the acquisition.
“I have, for some time now, thought that after 60 years connected to greyhound stadiums and 23 years at Central Park that the time is right for me to retire for younger people to take charge and to secure a sound future for Central Park, its trainers and employees,” said Cearns.
“Having closely investigated all possibilities I consider that ARC, who are acknowledged leaders in this field, operating over 20 venues, are the best option to achieve that.”
Last month ARC and Entain announced a joint media rights deal that would see greyhound racing content produced for Entain’s media channels.