Churchill Downs to put $2.7M into Fair Grounds

The Louisiana Racing Commission has ordered Churchill Downs Inc. to put $2.7 million back into the purse structure for the Fair Grounds’ upcoming thoroughbred meet.

NOLA.com/The Times-Picayune reports Churchill Downs said it withheld the money from the purses as a result of pending litigation concerning payouts to the Fair Grounds’ quarter horse meet.

The commission, which met Tuesday specifically to address the issue, said Churchill Downs did not have the authority to remove the purse money, and ordered it to be put back as soon as possible.

Churchill Downs had initially placed the money in escrow and said it planned to distribute the funds upon conclusion of the lawsuit. However, that timetable was unknown.

The thoroughbred meet begins Nov. 21.

___

Information from: The Times-Picayune, http://www.nola.com

Categories: News, State News

Leave a Reply

Your email address will not be published. Required fields are marked *