CDI ordered to put $2.7 million back into '14-'15 FG purses
Oct 21, 2014 12:40:31 GMT -5
Post by Jon on Oct 21, 2014 12:40:31 GMT -5
Churchill Downs Inc. ordered to put $2.7 million back into 2014-15 Fair Grounds purses
NOLA
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.
CDI 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 called a specific meeting to address the issue on Tuesday, said Churchill Downs Inc. 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 they planned to distribute the funds upon conclusion of the lawsuit. However, that timetable was unknown.
NOLA
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.
CDI 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 called a specific meeting to address the issue on Tuesday, said Churchill Downs Inc. 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 they planned to distribute the funds upon conclusion of the lawsuit. However, that timetable was unknown.
