As of Thursday, March 5, the Thoroughbred Owners of California has assumed administration of the Santa Anita Paymaster funds, according to a memo released by the California Thoroughbred Trainers.
The memo said that as of the close of business on Wednesday, March 4, the paymaster funds would not be accessible for the next three days as the accounts are transferred to TOC.
"The three day delay is so that new checks can be printed and paperwork can be completed," the memo said. "Beginning next week, things will return to normal and you will be able to withdraw funds at your request. The funds will still be handled through the Paymaster’s office, but the account will be managed by the TOC instead of Magna."
The decision is in light of concerns about the financial status of Magna Entertainment, which owns Santa Anita. The Magna situation has also led to a specially-called meeting March 6 of the California Horse Racing Board.
California horsemen with questions are suggested to contact the CTT office at (626) 447-2145 or the TOC at (626) 574-6620.
