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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.
Thursday, August 11, 2005Churchill 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.
Thursday, November 18, 2004+10000000)+'&millis='+new Date().getTime()+'&zid=473&keywords=purse-overpayment&referrer='+encodeURIComponent(document.location)+')
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