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2:36pm Saturday 17th May 2008
THE world-famous Walthamstow Stadium has been sold for development.
The directors have agreed the sale of the dog track opened in the 1930s to a development consortium led by Yoo Capital and K W Linfoot plc.
Contracts have been exchanged and completion is expected on or before September 1. Racing will continue until the middle of August.
In a statement, director Charles Chandler said: "Since the abolition of General Betting Duty in 2001, with the consequent loss of the unique advantage of tax-free betting only on-course, greyhound punters have been able to bet tax-free off-course, and with betting offices and exchanges open throughout the evening to accommodate them, attendances and betting turnover on-course have declined dramatically.
"Walthamstow's totalisator turnover alone has fallen by some 35 per cent during the period.
"With all of the principle income streams in sharp decline, and general running costs rising relentlessly, the company's operations have become unsustainable."
Staff and trainers were notified today and a consultation period has begun.
Mr Chandler said: "It is hoped that all will find alternative positions after operations cease.
"From an animal welfare point of view, it is anticipated that most of the greyhounds currently racing at the Stadium will be accommodated at other racecourses.
"If, however, certain owners choose to retire their greyhounds, every effort will be made to support them in finding suitable homes."
Rumours that the stadium would be sold have been rife for several years, but have been stoutly denied by the family.
The stadium in Chingford Road, Chingford, was founded in 1933 by William Chandler and is known across the globe. It is widely regarded as one of Waltham Forest's few attractions for tourists as well as for east Londoners.
Last year a bid to get the front range of the stadium and its historic Tote board listed by English Heritage finally succeeded.
Eddy, says...
3:33pm Sat 17 May 08
john, essex says...
3:34pm Sat 17 May 08
David Biller, Walthamstow says...
3:45pm Sat 17 May 08
Not Mr Khalid, says...
3:49pm Sat 17 May 08
Mohammed, Walthamstow says...
4:27pm Sat 17 May 08
keith, The Bell says...
5:32pm Sat 17 May 08
Tom, Chingford says...
5:53pm Sat 17 May 08
Ann Marie, E17 says...
7:04pm Sat 17 May 08
Jon, E17 says...
8:52pm Sat 17 May 08
Walthamster, E17 says...
11:39pm Sat 17 May 08
john, essex says...
12:55pm Sun 18 May 08
Eddy, says...
4:41pm Sun 18 May 08
Edward, Woodford says...
4:49pm today Sun 18 May 08
john, essex says...
6:47pm Sun 18 May 08
Eddy wrote:yes you will be suprised how many people think the dogs are just killed.there are 2 rehoming kennels up galley hill.the rehoming kennel only found out on thursday as well .
@John in Essex... Like everyone actually thought the dogs were going to be executed. Your post is pointless. it is the lies the Chandlers told that is the \'sore point\'
John Lussier, Jacksonville, Florida, USA says...
8:08pm Sun 18 May 08
Chingford United Netball Team, E4 says...
8:57am Mon 19 May 08
CG, Chingford says...
9:57am Mon 19 May 08
Chingford United Netball Club, E4 says...
10:10am Mon 19 May 08
CG wrote:If you read both Guardian Reports in full you will see that the frontage is listed so will not be knocked down.
Please oh please do not let the developers pull down the neon frontage and replace it with soulless drab boring ugly flats like they have done up Fulbourne road next door to the new frederick brenmer school. lets at least have something beautiful for this little corner of chingford as a tribute to all those beautiful majestic dogs that graced the Stow over the years.
RayJay, Walthamstow says...
11:15am Mon 19 May 08
Gary, e17 says...
3:29pm Mon 19 May 08
RayJay, Walthamstow says...
4:49pm today Mon 19 May 08
Gary wrote:Nice to see some people have a social conscience. As a company they have the right to pull out, as a borough we all suffer. Less council income from rates, more unemployment benefits & one less local amenity. Then 2 years of building development snarling up the Crooked Billet area. It is a shame that the socialist council doesn't seem to care about the borough or the local population otherwise the jobs & entertainment would already be in the borough. No wonder the borough is going down hill so rapidly.
The Chandlers made a business decision as they are entitled to do, they do not run a charity and even if they did could not run at a loss. Could something else be there to replace it that would create jobs and entertainment, ask the locals who might have something to say about it.
Tom G, Walthamstow says...
4:58pm Mon 19 May 08
claire, essex says...
9:31am Tue 20 May 08
claire, essex says...
9:37am Tue 20 May 08
Evie, Waltham Forest says...
9:47am Tue 20 May 08
Paul, Chingford says...
10:29am Tue 20 May 08
Tom G, Walthamstow says...
11:40am Tue 20 May 08
Evie wrote:The only reason punters have recently stopped going to the dog tracks is because the government has changed the tax laws on gambling. You can now get tax free gambling anywhere (bookies, online etc.) before this change in law, tax free betting was only available at the track, without this incentive, many gamblers simply won't pay the admission fee to get in (an extra fiver to stick on a dog maybe?)
Many people complain about the loss of facilities but how many people supported these facilities to ensure they remain financially viable?
At the end of the day if you\\\'re not prepared to put your money where your mouth is, you have no right to shout about the borough\\\'s business/cultural decline. Even charities can\\\'t survive without support let alone a business without finance. When people heard the rumours years ago why didn\\\'t they do something about it? As always it\\\'s like closing the stable door when the horse has bolted. If the country was going to the dogs, the Chandlers wouldn\\\'t have been in this situation.
On another note, the Council has to find more housing for an already over-populated borough, so they\\\'ll be pleased to give their blessing!
I moved to a \\\'greener\\\' part of the borough only to discover Epping Council has given permission for an Estate to be build on green belt land next door!
The whole borough is becoming one depressing eye sore but are we protesting en masse?
Walthamster, E17 says...
1:05pm Tue 20 May 08
scott, London says...
4:39pm Tue 20 May 08
robert, romford says...
10:59am Wed 21 May 08
technomist, walthamstow says...
2:38pm Wed 21 May 08
robert wrote:Actually Robert, at the end of the day, the track was only about generating money out of a human desire to gamble. The dogs were secondary to that, so were the jobs of the people employed there. Hardly anyone would have paid to watch the dogs running round without the gambling. Its just not fashionable. There are now also so many other places and ways people can gamble (just look at the proliferation of betting shops on Walthamstow High Street and betting on the internet), at the end of the day the dog track was bound to become a less profitable use of the space than some more attractive alternative use, like a property development.
Still no one wants to know about the dogs? At the end of the day thats the only reason the track was there!
ROBERT, essex says...
4:26pm Wed 21 May 08
DJ, E4 says...
4:44pm Wed 21 May 08
Mr Codgers, Snaresbrook says...
6:27pm Wed 21 May 08
ROBERT wrote:There aint no dogs you idiot! They closed Charlie Chans where they all hung out months ago!
I really dont give a toss about the track, its the dogs I care about
Jane Cox, Epping says...
12:19am Thu 22 May 08
Evie wrote:I really don't know what to say, a tragic loss.
Many people complain about the loss of facilities but how many people supported these facilities to ensure they remain financially viable?
At the end of the day if you're not prepared to put your money where your mouth is, you have no right to shout about the borough's business/cultural decline. Even charities can't survive without support let alone a business without finance. When people heard the rumours years ago why didn't they do something about it? As always it's like closing the stable door when the horse has bolted. If the country was going to the dogs, the Chandlers wouldn't have been in this situation.
On another note, the Council has to find more housing for an already over-populated borough, so they'll be pleased to give their blessing!
I moved to a 'greener' part of the borough only to discover Epping Council has given permission for an Estate to be build on green belt land next door!
The whole borough is becoming one depressing eye sore but are we protesting en masse?
Elton John, Walthamstow says...
5:49pm Thu 22 May 08
Vic Knight, nottinghamshire says...
4:45pm Mon 2 Jun 08
martin, woodford says...
9:25pm Tue 1 Jul 08
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Walthamster, E17 says...
2:57pm Sat 17 May 08
Any bets on when they'll drain Walthamstow marshes and build egg-box flats there?