Churchill Downs Pushes for Auction

11 Aug 2004

LOUISIANA – As reported by the Thoroughbred Times: "While Fair Grounds continues talks with possible partners to help the track pay off a $25-millon settlement reached with Louisiana horsemen on August 6, Churchill Downs Inc. has pressed for a scheduled auction of the embattled track in bankruptcy court.

"Churchill Downs Inc. is reportedly one of the parties the track is negotiating with for a partnership and it claimed in an objection filed in federal bankruptcy court on Monday that an auction would be in the best interest of the New Orleans track, which 'should not be allowed to risk losing Churchill Downs's and others' bids without so much as a hearing,' the Louisville Courier-Journal reports.

"Under Fair Grounds's reorganization plan, Churchill Downs Inc. would be the first bidder in an auction at $45-million. An attorney for Fair Grounds has been adamant that there will be no auction…"

Language: Any Language Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links Fair Grounds Race Course & Slots & OTB & Casino Details
	Churchill Downs Pushes for Auction 11 Aug 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LOUISIANA – As reported by the Thoroughbred Times: "While Fair Grounds continues talks with possible partners to help the track pay off a $25-millon settlement reached with Louisiana horsemen on August 6, Churchill Downs Inc. has pressed for a scheduled auction of the embattled track in bankruptcy court. "Churchill Downs Inc. is reportedly one of the parties the track is negotiating with for a partnership and it claimed in an objection filed in federal bankruptcy court on Monday that an auction would be in the best interest of the New Orleans track, which 'should not be allowed to risk losing Churchill Downs's and others' bids without so much as a hearing,' the Louisville Courier-Journal reports. "Under Fair Grounds's reorganization plan, Churchill Downs Inc. would be the first bidder in an auction at $45-million. An attorney for Fair Grounds has been adamant that there will be no auction…"

Related Links

Churchill Downs Pushes for Auction