Arena Leisure, the racecourse and catering group, could be sold after the business said it was reviewing its options, which may include a possible offer for the company. In statement this morning the company, which runs seven racecourses in the UK, said: “This review has only just commenced and there is no certainty that the review will result in any change to the company or an offer being made for the company.” Trevor Hemmings, the owner of Trust Inns, holds a 41.5% stake in the business, while David and Simon Reuben, the billionaire property investors, have a near 29% stake. Arena has diversified its business interests in recent years, launching its own catering company in 2007 to serve its courses, and opening the new-build Lingfield Park Marriott hotel last May. In February, it won a contract to feed crew, athletes and spectators at Eton Dorney and Greenwich Park during the Olympics next year, which the group described as an “important stepping stone” in the development of the business, The Olympics deal is forecast to deliver £500,000 to £1m in profit.