Churchill Downs' anticipated sale of Ellis Park to a company headed by Kentucky businessman Ron Geary is complete, finalizing a deal that was announced in July.
Ron Geary, who is expected to close on his purchase of Ellis Park in late September, will discuss his vision for the western Kentucky racetrack at an Oct. 2 meeting of the Louisville Thoroughbred Club.
Kentucky will host its first Claiming Crown in 2007 when the event moves to Ellis Park, the western Kentucky racetrack whose sale to businessman Ron Geary is expected to close in late September.
Kentucky racing in the summer months hasn't gotten much attention over the years, but that could change if Ron Geary has his way.
Churchill Downs Inc. has reached a definite agreement to sell Ellis Park in western Kentucky to a company owned by Ron Geary, a horse owner who recently retired as president and chief executive officer of ResCare, a Louisville, Ky., based, publicly-held provider of training services and services to persons with developmental and other disabilities.
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