Great Leighs in trouble - did someone forget the paperwork?

This is unbelievable! From the Racing Post...

Great Leighs future thrown into doubt
By Turia Tellwright9.46AM 16 JAN 2009

THE future of Great Leighs racecourse is up in the air after the track's temporary licence expired at midnight on Thursday.

A statement on the BHA website explained that a sub-committee of the BHA regulatory committee had declined to grant a further temporary licence.

Consequently, until a new application is made by the managing executive of Great Leighs, racing can not take place at the course.

continues...

Is this administrative bungling or have I missed something major here?

...

Update - nope they're going broke.

Great Leighs placed in adminstration.

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