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March 1, 2009

Owner of Pimlico racecourse defaults on loan

Posted by Bill Jempty · Published: March 1, 2009

The course that hosts the Preakness Stakes continues to have financial difficulty. Magna Entertainment Corp. said Friday it has defaulted on a loan that is secured by its Maryland racing properties, including Laurel Park and Pimlico Racecourse. According to Magna, the bank that holds the loan, PNC Bank, has "chosen... [Full Story]

Rating: 0/5 (0 votes cast)

February 25, 2009

FBR out as PGA Tour sponsor

Posted by Bill Jempty · Published: February 25, 2009

Could the PGA Tour be returning to the days of slimmer purses and tournaments without corporate sponsors? From ESPN- Commissioner Tim Finchem announced Tuesday that FBR has decided not to renew its contract after 2010 for the popular tournament outside Phoenix. "We've obviously had -- and are having -- some... [Full Story]

Rating: 1/5 (1 votes cast)

January 27, 2009

Florida horsemen say 2009 racing meet will end 3 months early

Posted by Bill Jempty · Published: January 27, 2009

Could harness racing in Florida be permanently kaput as early as May 2nd 2009? The Florida Standardbred Breeders and Owners Association (FSBOA) has issued a press release stating that the Isle Casino at Pompano has asked the state of Florida to approve a reduction in the number of Standardbred racing... [Full Story]

Rating: 0/5 (0 votes cast)

December 24, 2008

NHL trying to find new revenue for cash-strapped Phoenix Coyotes

Posted by Bill Jempty · Published: December 24, 2008

There is a precedent for the league to take over the financially troubled franchise. From ESPN- The NHL hasn't taken over control of the Phoenix Coyotes, but it is taking an active role in trying to find new investors or ownership for the financially strapped franchise and is being kept... [Full Story]

Rating: 0/5 (0 votes cast)

December 10, 2008

GM won't renew sponsorship of Pittsburgh Pirates

Posted by Bill Jempty · Published: December 10, 2008

Talk about losing investments. From AP- General Motors' financial problems are spilling over to another entity that is losing a lot, the Pittsburgh Pirates. General Motors, currently seeking a bailout worth billions of dollars from the federal government, is not renewing a sponsorship arrangement with the Pirates that expired at... [Full Story]

Rating: 0/5 (0 votes cast)

July 16, 2008

Rosecroft Raceway to discontinue live racing for up to 2 years

Posted by Bill Jempty · Published: July 16, 2008

Another horseracing track in dire straits. From the Baltimore Sun- CAMBRIDGE - The Maryland Racing Commission declared Rosecroft Raceway to be in an emergency situation yesterday and approved the track's request to discontinue live racing for perhaps as long as two years while allowing it to simulcast races at the... [Full Story]

Rating: 1/5 (2 votes cast)

April 20, 2008

LPGA Ginn Tribute in trouble?

Posted by Bill Jempty · Published: April 20, 2008

The late May tournament could be in danger. Caddy blogger Larry writes- This is not a good sign: The down turn in the economy may be hitting our sponsor pretty hard. Rumor has it there was a meeting earlier this week concerning the Ginn Tribute to be held in Charleston.... [Full Story]

Rating: 0/5 (0 votes cast)

March 15, 2008

Heavy rains close Pompano Park for a night

Posted by Bill Jempty · Published: March 15, 2008

What the heck? Due to heavy rains in the Pompano Beach area during the late afternoon hours, and with the forecast calling for additional downpours in the vicinity, Pompano Park cancelled its live racing for Friday.Florida gets heavy rains all the time. Horse racing takes place in bad weather(With the... [Full Story]

Rating: 0/5 (0 votes cast)

March 7, 2008

Terrell Suggs files grievance against Ravens

Posted by Bill Jempty · Published: March 7, 2008

It is all about whether he is a defensive end or a linebacker. OWINGS MILLS, Md. - Terrell Suggs filed a grievance against the Baltimore Ravens over whether he should be classified as a defensive end or a linebacker, a dispute in which $814,000 is at stake. Suggs wants to... [Full Story]

Rating: 0/5 (0 votes cast)

January 28, 2008

NHL Players complain about European games

Posted by Bill Jempty · Published: January 28, 2008

This season's opener was played in London. On Saturday, the NHL announced its intention to play two games in Europe to open the 2008-09 season. From AP- ATLANTA - Basking in the spotlight of its All-Star game, the NHL decided Saturday was the perfect time to unveil a big announcement... [Full Story]

Rating: 0/5 (0 votes cast)

January 22, 2008

Freehold Raceway cuts purses, Meadowlands could be next

Posted by Bill Jempty · Published: January 22, 2008

Just more proof that horse racing in the United States can't survive economically today. Freehold Raceway has released a reduced purse structure and the Meadowlands is expected to follow with drastic purse cuts if the New Jersey legislature does not quickly fulfill promises to provide a purse supplement. Freehold issued... [Full Story]

Rating: 0/5 (0 votes cast)

December 28, 2007

Adios stakes race probably moving to Pocono Downs for 2008

Posted by Bill Jempty · Published: December 28, 2007

It has been raced at the Meadows since beginning in 1967. From Harnessracing.com- The Meadows is working on an agreement to move its signature race, the Delvin Miller Adios, to Mohegan Sun at Pocono Downs for one year, while the new casino building is being constructed on the track's property.... [Full Story]

Rating: 0/5 (0 votes cast)

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