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YES YES YES YES, Champagne breaks a story sure to make All Racing Fans smile. Hollywood Park may yet be saved from the wrecking crew. Possible bid coming from Bay Meadows, and we are ecstatic. Story by Champagne Joe
The comments and ideas expressed in the story below are those of the author, Champagne Joe, and should not be considered to be the same views of the owner or staff of this web site.. 7/08/05 - UPDATE PART TWO - BAY MEADOWS SAVES HOLLYWOOD PARK BAY MEADOWS SAVES HOLLYWOOD! On Thursday July 7 TVG had as a special guest, Terry Fancher, Pres. of Bay Meadows Land Corp., owners of Bay Meadows race track & he confirmed what we had reported several weeks ago. Bay Meadows has officially bought Hollywood Park. The agreed upon price was 260 mil, a nice profit for Churchill Downs Inc which had bought the track for just 140 mil in 1999. The new owners plan to improve both the turf & the dirt tracks & make some needed improvements to the facility itself. They guarantee at least 3 years of continued racing, & if after that time the track shows a nice profit they have given Churchill Downs an option to buy back a portion of the track if they so desire. Meanwhile Fancher said he will send a committee to lobby the California law makers in Sacramento for a better deal for the tracks in the state, including a possibility of allowing slots to be placed at each track. That would be a boon to track attendance & with the added revenue those slots could generate, increased purses which would draw more horsemen and stables back to the Golden State. Meanwhile, Corey Nakatani is burning up the track lately. He's riding like the Corey of 5 years ago, winning aboard both favs & longshots, & for big name trainers & no name trainers with equal regularity. He has a 21% win pct, bested only by Alex Solis who is running at 22%. Here's the current standings, G. Gomez leads with 52 wins,V. Espinoza has 45 as does Solis, Tyler Baze has posted 38 wins, and Nakatani now has 37 but with a much lower number of mounts. In the trainer dept., Doug O Neill has a strangle hold on 1st place with 29 wins, Mike Mitchell has 18,Vlad Cerin has 17 & Neil Drysdale has 15, but pct. wise its Mitchell with just under 28% winners, & Drysdale with just over 27%. The recently introduced 10 cent superfecta has proven super popular. For a total of $12 a player can box 5 horses. OK. The payoff will be 10% of the superfecta numbers but with a small investment a player could end up with a hefty ROI. Try it. Good luck. See you at Del Mar. 6/27/05 BAY BID BUOYS BAEDECKER! Rick Baedecker, Pres. & chief officer at Hollywood Park, was all smiles recently upon notice of a last minute Hollywood park purchase bid proffered by the Bay Meadows ownership. The bid amount was reported to be around $275 million, several mil above all others, and includes a guarantee to continue a thoroughbred racing program at HollyPk for at least three years. This could be the best news Rick has received all year! Declining attendance 7 handle figures had driven Churchill Downs Inc., parent holding company of HollyPk to begin seriously shopping out the inglewood track. They had already received several offers from interested parties, most all of whom had no intention or desire to continue operating Hollywood Park as a thoroughbred racing venue. However, the Bay Meadows Group, probably mindful of what effect a Hollywood park closing could have on the statewide thoroughbred racing industry, must believe that with some basic changes and some additional improvements, and with the right advertising campaign, this racetrack could be a viable & profitable undertaking, and they seem willing to bet three years on it! Nothing finalized as yet, but hope springs eternal and if a purchase/sale agreement can be reached between the two parties Southern California racing fans will continue to enjoy racing at Hollywood park for at least three more years and maybe beyond! Hip! Hip! Hooray! But P.S. In the meantime just Keep your fingers CROSSED! C U at Del Mar! Champagne Joe MC Adds - The hopes and prayers of everyone at our web site are with the hard working employee's of Hollywood Park. We truly hope that we will see racing continue at Hollywood Park for many years to come. Alright Champagne ! Great Story, and great news. We salute your sleuth and diligence in getting this story for our fans ! Thank you very much. G-d Bless - MC. ___________________________ *PREVIOUS NEWS HEADLINES* --------------------------- Champagne Joe's Super Story Scoop on the impending sale of Hollywood Park. For for this exciting Stick Horse Racing News Super Story Press Here ---------------------------
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