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Channel 4 Set Final Deadline

Hopes that racing on Channel 4 will continue to feature next year remain alive following further 'productive' talks today.

The broadcaster has now set what it describes as a 'final deadline' of next Wednesday for a sponsorship package to secure the coverage.

A statement from Channel 4 said: 'Channel 4 has set a final deadline of next Wednesday to negotiate a sponsorship package that will ensure its horseracing coverage continues beyond the end of 2005.

'This is in view of the productive nature of today´s talks with the Tote and the racecourses.'

The broadcaster is threatening to end its 21-year association with the sport, claiming it is losing money through racing coverage.

Requests for an £8 million subsidy from racing and betting interests were unanimously rejected.

That figure is believed to have come down after Channel 4 extended its original May 31 deadline to allow further meetings to take place.

? PA Sport