Can we draw the following hypothesis from the context?

Context:

The 2007 Grand National (known as the John Smith's Grand National for sponsorship reasons) was the 160th official annual running of the world-famous Grand National steeplechase which took place at Aintree Racecourse near Liverpool, England, on 14 April 2007 and attracted the maximum permitted field of forty competitors for a total prize money of 700,000 including 399,140 to the winner.

Hypothesis: John Smith's Grand National was held nearby Liverpool at a place called Aintree Racecourse back on April 14, 2007 to the tune of 700,000 in total prize money.
Yes