NY State Grants NYRA $19 million

2008 Breeders' Cup World Championships at Santa Anita Park

The 2008 Breeders' Cup, thoroughbred racing's most prestigious event, consisting of 14 Breeders' Cup races and $25.5 million in purses, will be held on October 24-25, at Santa Anita Park in Arcadia, California.

But before that, Belmont Stakes winner Da'Tara is going to race in the Travers Stakes at Saratoga Race Course while Kentucky Derby and Preakness winner Big Brown will be racing in the Haskell Invitational at Monmouth Park.

Posted on Tuesday, October 31st, 2006

New York Racing Association (NYRA ) ALBANY, N.Y. (AP) — The board that oversees horse racing in New York approved a $19 million bailout of state money for the New York Racing Association, NYRA officials said Monday.

NYRA has long warned that if the association is forced to file for bankruptcy protection, the court action could cost New York ownership of Aqueduct, Belmont and Saratoga race tracks.

The oversight board awarded the money on the condition that NYRA officials have no intention of filing for bankruptcy in the next six months.

NYRA is competing with Empire Racing of Saratoga Springs and Excelsior Racing Associates for control of the state’s racing franchise.

NYRA’s contract expires at the end of next year.

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"NY State Grants NYRA $19 million" was posted on Tuesday, October 31st, 2006 at 8:30 am and is filed under Aqueduct, Belmont Park, Horse Racing Industry, Race Tracks News, Saratoga, USA Horse Racing. You can follow any responses to this entry through the RSS 2.0 feed. Leave a response, or trackback from your own site.