An attorney for the Fair Grounds said Louisiana horsemen were on the verge of a settlement Friday night that could spare the New Orleans track from an auction in bankruptcy court later this month over a $90 million video poker judgement.
Jockey Donnie Meche will return to the saddle Friday at Louisiana Downs for the first time since the Delta Downs stewards suspended him in January 2003. Meche is scheduled to ride Unbridled Tick (6-1) in the eighth race for trainer Steve Asmussen.
A United States bankruptcy judge issued a ruling July 8 that could facilitate auction of Fair Grounds on Aug. 16.
Shares of Churchill Downs Inc. neared its 52-week high during early trading Tuesday morning, the second business day following CDI's acknowledgement of its interest in purchasing Fair Grounds.
A bankruptcy auction for Fair Grounds has been tentatively set for Aug. 16, pending approval of an amended bankruptcy plan that was scheduled to be filed by the New Orleans, La., racetrack June 23.
Louisiana horsemen have filed an objection to the Fair Grounds' bankruptcy disclosure statement, alleging that the track misrepresented and omitted key financial information.
Fair 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.
Negotiations 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.
Fair Grounds has been granted an extension to Monday to file a Chapter 11 reorganization plan. The extension of Thursday's deadline was granted in order for Fair Grounds officials to have more time to negotiate a possible purchase of the track by Churchill Downs Inc.
An 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.
Two more groups of investors, one of which includes Kentucky Derby-winning owner Mike Pegram, have expressed interest in acquiring a stake in Fair Grounds.
Wagering 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.
Fair Grounds Race Course concluded its 2004 winter meet Sunday with across-the-board decreases in daily averages.
Fair Grounds, which was scheduled to submit a bankruptcy reorganization plan by March 29, has been granted an extension of April 15 by U.S. Bankruptcy Court.
A 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.
Team Block's Mystery Giver is the 120-pound highweight in a wide-open field of ten turf specialists entered in the $500,000 Mervin G. Muniz Jr. Memorial Handicap (gr. IIT) at Fair Grounds Sunday.
In the March 7 Louisiana Derby (gr. II) at Fair Grounds, Wimbledon served notice that he was a 3-year-old to be reckoned with by registering an impressive 2 1/4-length win. That win solidified what trainer Bob Baffert had said since the son of Wild Rush joined his stable last year as a juvenile. This colt has the pure talent to outrun his pedigree and tackle the Visa Triple Crown Challenge.
A full field is expected for Sunday's grade II $500,000 Mervin H. Muniz Jr. Memorial Handicap at Fair Grounds, and the locally based contingent should be well represented with eight possible entrants.
In 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.
Jockey Robby Albarado Thursday became the seventh jockey in Fair Grounds history, and the second rider at the current meet, to ride six winners on a single card.
A Derby Wish colt and a Precocity filly shared the honors for top-priced horse, bringing $27,000 apiece Tuesday during the Fair Grounds Sales Company's select sale of 2-year-olds in training in Louisiana.
Louie 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.
A Parade Ground -- Princess Glorious filly worked an eighth of a mile in :10.85, turning in the fastest work for the distance Monday during the under tack show for the Fair Grounds Sales Co. select sale of 2-year-olds in training.
Only six fillies are entered in Saturday's Fair Grounds Oaks (gr. II), but every single one of them deserves to be there.
Churchill 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.
Thomas Van Meter's stakes winner Victory U. S. A. will most likely make her first start of the year in Saturday‚s $300,000 Fair Grounds Oaks (gr. II), trainer Bob Baffert said Monday after the filly worked six furlongs in a quick 1:11 4/5.
Sir Cherokee, knocked off stride in a roughly run New Orleans Handicap (gr. II) Feb. 29 at Fair Grounds, returned to his Oaklawn Park base after having suffered body soreness and superficial cuts. But his trainer, Mike Tomlinson, isn't particularly happy with the events of the day.
A field of eight older horses, including last year's Kentucky Derby (gr. I) and Preakness Stakes (gr. I) winner Funny Cide, was entered Friday for Sunday's $500,000 New Orleans Handicap (gr. II) at Fair Grounds Race Course in New Orleans.
Five-year-old Bedanken will make her seasonal debut in Saturday's Bayou Breeders' Cup Handicap (gr. IIIT) at Fair Grounds, where she will square off against 11 rivals in the 1 1/8-mile contest on the Stall-Wilson Turf Course.
Three competitors from last year's Kentucky Derby (gr. I) will meet on television Sunday when TVG screens the New Orleans Handicap from the Fair Grounds.
Majestic Thief nosed out favored Skate Away to win the $50,000 Mardi Gras Handicap, the annual "Fat Tuesday" feature at Fair Grounds in New Orleans.
Three grade I winners, headed by Kentucky Derby (gr. I) winner Funny Cide and Blue Grass (gr. I) and Haskell Invitational Stakes (gr. I) winner Peace Rules, are among the nine horses likely for Sunday's $500,000 New Orleans Handicap (gr. II) at Fair Grounds in New Orleans.
Since making his first claim of Sunkosi for $25,000 at Fair Grounds on Feb. 2, owner Michael Gill has claimed 16 horses for a total of $438,500.
California regulators decided Feb. 20 that they will hold off on considering a cutoff of wagering at post time from betting through the Lewiston, Maine simulcast hub, which processes wagers for rebating giant Racing and Gaming Services.
Spectacular Lisa seeks to make it two in a row for her trainer in Saturday's $100,000 Chou Croute Handicap at Fair Grounds.
Feb. 17, 1975
Master Derby at Fair Grounds
Saturday's Silverbulletday Stakes (gr. II) is an appropriate one for Valentine's Day. It features seven 3-year-old fillies, and one amorous exacta hunch bet.
Jockey Corey Lanerie won two races on Saturday's card at Fair Grounds to reach 2,000 wins in his 13-year riding career.
Wertheimer and Frere's Olmodavor, third last time out against Star Cross and Nose the Trade in the San Pasqual Handicap (gr. II) at Santa Anita, ships to Fair Grounds and will be the 121-pound highweight in Sunday's Whirlaway Handicap (gr. III).
Fire Slam, winner of the grade III $100,000 Lecomte Stakes Saturday at Fair Grounds, will get a short break to heal a quarter crack in his left hind foot, and will be trained up to the grade II, $600,000 Louisiana Derby on March 7, skipping the grade III Risen Star Stakes on Feb. 15.
Tommy Scott, a longtime racing official and a member of the Fair Grounds Racing Hall of Fame, died Jan. 21.
The road to the Louisiana Derby (gr. II) begins Saturday at Fair Grounds as a field of seven 3-year-olds meet in the grade III $100,000 Lecomte Stakes.
Jockey Eddie Martin Jr. tied a Fair Grounds record Sunday when he became the seventh jockey in the history of the storied New Orleans track to ride six winners in a day.
Though field size at Fair Grounds racetrack in New Orleans is up, on-track and total handle are down from last year.
Fair Grounds International Ventures has been appointed as the North American agent for the Dubai International Racing Carnival.
Churchill 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.
Badge of Silver, who hasn't raced since March of last year, had his first five furlong work in 1:00.60 last Wednesday. He's doing so well that his trainer, Ronny Werner, said he could make his comeback as early as Feb. 1 in the Whirlaway (gr. III) Handicap.
Team Valor has purchased a 50% interest in Cartoonist, who broke his maiden by two lengths at the Fair Grounds. The juvenile colt is a half-brother to multiple grade I winner Voodoo Dancer and is by Louisiana Derby (gr. III) winner Comic Strip.
The $1-million Delta Jackpot Dec. 5 at Delta Downs generated so much exposure and money for the racetrack that it will return next year, said general manager Jack Bernsmeier, who would like to see similar big-money races at all Louisiana tracks.
Michael Gill, the nation's leading owner, has shipped in 17 horses to winter at Fair Grounds in New Orleans, La. with trainer Gamaliel Vazquez. It marks the first time Gill has ever had a string of horses stabled on the grounds.
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