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Horse owner Mike Pegram would gain 86% of the Fair Grounds racetrack under a deal with the current track ownership, according to testimony presented at a United States Bankruptcy Court hearing Friday.
Friday, August 27, 2004Churchill Downs Inc. announced Monday that it has ceased negotiations to acquire the financially troubled Fair Grounds Corp. in New Orleans, La.
Thursday, August 26, 2004The Fair Grounds and Louisiana horsemen reached a $25 million settlement over video poker purse revenue Aug. 7.
Sunday, August 08, 2004Fair Grounds, after failing to reach an agreement with Churchill Downs Inc. on a sale of the track, filed in bankruptcy court Monday evening a Chapter 11 reorganization plan that would allow for an auction of the track through the court.
Tuesday, April 20, 2004Negotiations over the potential sale of Fair Grounds to Churchill Downs Inc. commenced Thursday afternoon but several issues remain unresolved, including whether current Fair Grounds president Bryan Krantz would maintain a position at the track.
Friday, April 16, 2004An agreement has been reached between Churchill Downs Inc. and the Louisiana Horsemen's Benevolent and Protective Association to purchase the horsemen's legal claims against Fair Grounds, and a letter of intent was filed with track officials to purchase Fair Grounds.
Tuesday, April 13, 2004Two more groups of investors, one of which includes Kentucky Derby-winning owner Mike Pegram, have expressed interest in acquiring a stake in Fair Grounds.
Tuesday, March 30, 2004Wagering in the United States on Saturday's six-race Dubai World Cup card totaled $2,413,588, an increase of 2.3% from last year.
Tuesday, March 30, 2004A state district judge ruled March 22 that Fair Grounds owes horsemen almost $90 million in damages from the video-poker lawsuit that led to the track's filing for Chapter 11 bankruptcy reorganization last August, the New Orleans Times-Picayune reported.
Tuesday, March 23, 2004In a letter to horsemen at Fair Grounds Racecourse in New Orleans, La., track president and general manager Bryan Krantz has responded to comments by trainer Tom Amoss that were published in The Blood-Horse and New Orleans Times-Picayune. Here is the complete text of Krantz' letter.
Monday, March 15, 2004Louie Roussel III, who owned a controlling interest in Fair Grounds until 1990, is the latest to make an offer for the New Orleans track. A week after Churchill Downs Inc. bid $28.5 million for Fair Grounds, Roussel upped the offer to $30 million, according to published reports.
Wednesday, March 10, 2004Elections for nine seats on National Thoroughbred Racing Association board of directors will begin in earnest in late March, but if history holds, the look of the board isn't expected to change that much.
Tuesday, March 09, 2004Churchill Downs Inc. has apparently upped its interest in Fair Grounds. According to a local report, CDI offered $28.5 million to buy the New Orleans racetrack, though about $20 million of that would go to horsemen to settle a revenue dispute.
Thursday, March 04, 2004Churchill Downs Inc. has been in negotiations with Louisiana horsemen to acquire $90 million in legal claims against Fair Grounds, which shows CDI could be interested in purchasing Fair Grounds, the New Orleans Times-Picayune reported Wednesday.
Wednesday, January 14, 2004Fair Grounds Race Course is in discussions with the Louisiana Horsemen's Benevolent and Protective Association in an effort to resolve issues that led the New Orleans, La., track to file for Chapter 11 bankruptcy protection earlier this year.
Thursday, November 06, 2003A Louisiana legislator said he and his partners received no income or preferential treatment through a deal in which Fair Grounds owners Bryan and Vickie Krantz paid their costs in connection with ownership of two Thoroughbred racehorses, the Times-Picayune reported.
Wednesday, September 17, 2003Ben Huffman has been named new racing secretary at Fair Grounds. Huffman will replace director of racing Mervin Muniz Jr., who relinquished the position as he battles cancer.
Thursday, August 14, 2003Marie G. Krantz, chairman of the board of Fair Grounds Race Course for the past 13 years, died early Saturday after a long illness. She was 67.
Saturday, February 22, 2003Fair Grounds Race Course will decrease its purses, effective with this Saturday's card, track officials announced Monday.
Monday, February 10, 2003Fair Grounds president and general manager Bryan Krantz announced Thursday that Ben Huffman has been added to the staff as stakes coordinator, and Jason Boulet will be assistant director of racing.
Thursday, August 15, 2002Fair Grounds president and general manager Bryan Krantz announced Thursday that Ben Huffman has been added to the staff as stakes coordinator, and Jason Boulet will be assistant director of racing.
Thursday, August 15, 2002Fair Grounds president Bryan Krantz was re-elected to a one-year term as president of the Thoroughbred Racing Associations during the organization's annual meeting March 5 in New Orleans.
Tuesday, March 05, 2002Fair Grounds president Bryan Krantz has been appointed the United States representative for Attheraces, an ambitious new online wagering and interactive television wagering company in the United Kingdom.
Saturday, December 08, 2001Terry Meyocks and Bryan G. Krantz have been appointed by the Thoroughbred Racing Associations of North America (TRA) to serve on the management committee of Equibase Company, it was announced today by Equibase chairman Alan Marzelli.
Wednesday, April 18, 2001Fair Grounds on Saturday joined the ranks of U.S. racetracks offering its own Internet wagering system. The New Orleans track will introduce Net Bet, an integrated Internet and telephone account wagering service. Net Bet will provide real time odds, full race programs, web casts of live races, archived race replays, and online betting.
Friday, March 23, 2001With crucial issues such as its Oregon wagering hub and board voting structure still unresolved, the National Thoroughbred Racing Association is moving forward with a new 15-member board of directors and a recommitment from a major racetrack that had defected. "I appreciate the ongoing discussions, but we really have reached a make-or-break point," said Fair Grounds president and general manager. "I do think there's a reasonable possibility these things can be worked out."
Tuesday, February 13, 2001In voting concluded Friday, Craig R. Fravel, executive vice president of the Del Mar Thoroughbred Club; Bryan Krantz, president and general manager of Fair Grounds; and Nick Nicholson, president and chief executive officer of Keeneland, were elected to fill three new, independent racetrack seats on the National Thoroughbred Racing Association board of directors, representing the West, South and Midwest regions, respectively.
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