Trinity Mirror sell-off faces a hitch

Proof that Trinity Mirror's asset sale was a last-minute thought. Potential bidders for the group's sale of the Racing Post and a regional newspaper division have been told that there is to be a month's delay in gathering the necessary financial information. Buyers were previously told to expect a memorandum by the end of this month. This has now been delayed until the end of February. Further uncertainty surrounds bidding for the Racing Post, which was sold to Trinity for £1 in 1993 by Sheikh Mohammed bin Rashid al-Maktoum. He must give consent for the transfer of the licence to use the title, and could veto future owners. (Via Sunday Telegraph)