why wasnt the sale of clairwood put out to tender?

Let the auction begin!

www.iolproperty.co.za/roller/news/entry/...acecourse_to_be_sold

Details of latest offer to be considered

"Capital"

Why does that ring a bell. Is it not the company owned by someone from the now defunct "red" website.

agra Wrote:

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> "Capital"
>
> Why does that ring a bell. Is it not the company
> owned by someone from the now defunct "red"
> website.

purple

Full name Purple Capital........... Huh

Here is a link to Capital

www.capitalproperty.co.za/

Gajima Wrote:

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> Here is a link to Capital
>
> www.capitalproperty.co.za/

Thanks Gijima. Not what i thought.

At a Special General Meeting held at Greyville last night, members of Gold Circle voted overwhelmingly in favour of the sale of Clairwood Racecourse to the Capital Property Fund.



The only remaining suspensive condition is clearance from the Competitions Commission but, as the Commission has previously ruled favourably in respect of the sale of Clairwood Racecourse, the Board of Gold Circle does not expect any undue delay in this regard.



In terms of the sale agreement Gold Circle has the right to lease back Clairwood Racecourse for a period of two years from date of transfer, to enable the necessary additions, alterations and upgrades to be effected to the Greyville and Summerveld properties.



Transfer is expected to be finalised during the final quarter of this year.



ends

agra Wrote:

---

> "Capital"
>
> Why does that ring a bell. Is it not the company
> owned by someone from the now defunct "red"
> website.


I think that new poster @teamwildracing is the person your referring to!

I hate it when they sell off racing....:X