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Churchill reaches deal to buy Fair Grounds

By Marcus Hersh
Daily Racing Form

Wednesday, September 1, 2004

Churchill Downs Inc. sewed up a deal with a Louisiana Horsemen's group and Fair Grounds Corporation minutes before a midnight deadline Tuesday that will allow it to purchase the assets of Fair Grounds Race Course in New Orleans for about $47 million. On Aug. 14, Churchill declared it had pulled out of talks to acquire the New Orleans track, and as recently as Friday, the horse owner Mike Pegram appeared to have wrested control of negotiations. But Churchill slid quietly back into the picture l ...

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