Both parties will now enter a period of detailed negotiations relating to a new partnership arrangement.
Charles Barnett, chief executive at Ascot, said: “Sodexo has been providing catering services at Ascot since 1998 and in spite of impressive bids from other competitors, has demonstrated that it remains best equipped to provide the unique quality and range of catering expected by visitors to Ascot.
“I would like to thank Chris John, David Johnson and all the Sodexo team for everything they have done in the past. We are very excited about working with them in this new long term joint venture.”
Chris John, managing director, Sodexo Prestige UK & Ireland, added: “Winning a contract of this scale with one of the world’s most prestigious sporting venues is incredibly exciting for me and the whole team. We are delighted to be entering into a new era of partnership and innovation with Charles and his team at Ascot Racecourse.”