Purse Overpayment

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Kentucky Horsemen Question Ellis Park Purse Cut

The Kentucky Horsemen's Benevolent and Protective Association has taken issue with an Ellis Park purse reduction that has put the minimum purse to near $5,000 for the first time in recent memory at any Thoroughbred racetrack in Kentucky.

Churchill Downs Inc. Makes Financial Adjustments

Churchill Downs Inc. has revised its financial statements to reflect reductions in pre-tax earnings for 2002 and 2003 of $2.2 million and $1 million, respectively, because of purse overpayments. The company also noted impairment charges of $6.2 million at Ellis Park because of "poor" live meet results this summer.

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