After failing to agree new media rights deals 49 UK racecourses, the attheraces channel is set to stop broadcasting British racing from Monday next, March 29.
The £307 million deal will terminate at midnight on Monday and although the channel has been trying to agree new deals with the tracks, officials do not think a new contract will be sorted out in time.
A statement from attheraces said: Although discussions are still ongoing with all parties, attheraces believes there is little chance of achieving a successful outcome before Monday's deadline.
Although negotiations with the 49 tracks continue, without new contracts in place on March 30, attheraces will cease the broadcast of live UK horseracing.
The channel hopes to continue with its evening broadcast of the popular US racing programme, albeit a cut-down version.
Attheraces intends to remain in negotiations with all parties to try and secure a new agreement even if the broadcast of UK racing ceases.
In the meantime, attheraces hopes to be able to continue to license UK racing for broadcast in betting offices and other overseas customers and has today written to the courses requesting a one-month contract relating to overseas rights.
Attheraces is fully aware of the value that these rights bring the racing industry in this country and does not wish the ongoing media rights discussions to jeopardise UK racing's standing in the international market.
Filed by James McMahon