Several places in South Wales had race meetings in the late nineteenth century and there had been racing at St Arvans, very close to the present course, between 1892 and 1914. In 1925 a group of ten South Wales gentry and businessmen, that included Courtenay Morgan, 1st Viscount Tredegar who was also Lord-Lieutenant of Monmouthshire, and Lord Queenborough; formed a company to purchase Piercefield House, and lay out a new racecourse in its estate.
During the late 19th century, various sites in South Wales hosted horse racing events. Racing had taken place at St Arvans from 1892 to 1914. Ten prominent individuals from South Wales, including Courtenay Morgan and Lord Queenborough, came together in 1925 to purchase Piercefield House and create a new horse racing facility on its estate.