Brighton Marathon saved as Grounded Events is acquired out of administration
Friday December 23, 2022
Sale follows the appointment of joint administrators in December
Grounded Events Company Limited (Grounded Events), the former owners and operators of the Brighton Marathon, has been acquired out of administration by London Marathon Events (LME) in a deal that saves the future of the annual event and several jobs.
Phil Harris and Chris Stevens, who are both based in our Brighton office, were appointed as Joint Administrators of Grounded Events Limited on Friday 16th December 2022 and immediately completed the sale of the business and assets to LME.
The deal has saved a number of jobs and secured the future of the Brighton Marathon – one of the most famous races in the country – for the next five years, as an agreement has been reached between Brighton and Hove City Council and LME for a licence to operate the event between 2023 and 2027.
As part of the deal, LME will honour the places purchased by individuals and charities and enable these to be used in the 2023 Brighton Marathon.
Speaking about the deal, Phil Harris said: “The Brighton Marathon Weekend is a major fixture in the city’s sporting, economic and cultural calendar. This deal provides a future for the Brighton Marathon with a globally recognised mass participation events organiser. We wish the team all the best in the future.”
Hugh Brasher, Event Director at London Marathon Events, added: “We are delighted that London Marathon Events has reached agreement with Brighton and Hove City Council and the Joint Administrators of Grounded Events Company Limited, which means the Brighton Marathon will be saved.
“We want to reassure all runners and charities that LME will honour all the places purchased by individuals and charities and allow them to be used in the 2023 Brighton Marathon and enable them to take part on Sunday 2nd April 2023.
“The Brighton Marathon is a fantastic event in a stunning setting. We look forward to working with Brighton and Hove City Council and the community to grow the event over the coming years.”
This deal provides a future for the Brighton Marathon with a globally recognised mass participation events organiser. We wish the team all the best in the future.Phil Harris Restructuring Advisory