The Week: Media News - Mirror to sell Racing Post

Trinity Mirror and FL Partners are close to signing a deal that will see the Irish investment group acquire the Racing Post.

FL Partners has teamed up with the former Racing Post editor Alan Byrne to make the bid, which is expected to fall short of the £200 million-plus that Trinity Mirror was hoping for. FL Partners was set up at the end of last year by the former investment bankers Peter Crowley and Neill Hughes. Trinity is hoping to have secured the deal by the end of this month.