The New York Racing Association keeps bleeding funds, according to the racing group's latest disclosure to a federal bankruptcy judge overseeing its reorganization.
The New York Racing Association will get its $19-million bailout from state government provided it gives assurances that it "does not anticipate" filing for bankruptcy protection in the next six months.
With New York Racing Association officials threatening to seek bankruptcy protection, state officials are rushing to complete a deal by Oct. 30 to get government bailout money flowing to the financially ailing NYRA.
Most Popular Stories
- Secret Circle, Itsmyluckyday in Cigar Mile
- Cary Street Leads 11 in Hawthorne Gold Cup
- Lord Nelson Could Rule Kentucky Jockey Club
- Churchill Proposes Derby Bet on Winning Sire
- Speedy Cassatt Dusts Rivals in Zia Park Oaks
- Sageburg Will Stand in Ireland in 2015
- Unbeaten Dame Dorothy Can Cap Year in Comely
- Brooklynsway Takes on Males at Woodbine
- Maryland Jockey Club Focus on Daily Product
- Romans Likes Added Distance for Remsen Pair