Financial Times FT.com

Downturn throws sale of Tote into doubt

By Roger Blitz

Published: July 22 2008 02:24 | Last updated: July 22 2008 02:24

The economic downturn may force the British government to abandon the sale of the state-owned Tote pool and betting business, the sports minister has warned.

Gerry Sutcliffe said the government “will need to be satisfied that it is right to proceed with a sale in the light of current market conditions”.

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