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Churchill said to make a $28.5 million offer

By Marcus Hersh
Daily Racing Form

Friday, March 5, 2004

NEW ORLEANS -- Churchill Downs Inc. has made an offer to buy Fair Grounds, but the sale of the track is not imminent, and Churchill's offer is one among many pieces in Fair Grounds' ongoing financial puzzle. Thursday's edition of the New Orleans Times-Picayune reported that Churchill had offered $28.5 million for the racetrack. The report, referencing two unnamed sources, said $20 million of the purchase price would go to a Louisiana horsemen's group. Fair Grounds owes the Louisiana Horsemen's ...

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