Tracks, horsemen agree to share revenues, costs Rosecroft negotiations continue over same issue

September 11, 1998|By Kent Baker | Kent Baker,SUN STAFF

The Maryland Jockey Club and the state's thoroughbred horsemen and breeders reached a tentative agreement yesterday to share revenues and expenses from pari-mutuel wagering in the state.

The agreement marks the end of nine months of negotiations among the thoroughbred groups and paves the way for the development of an accord with the state's harness industry on the same issues.

Maryland Jockey Club president Joe De Francis announced his pleasure with the accord and said it "will enable Maryland racing to move forward in a cooperative spirit and address the many serious issues faced by the racing industry."

De Francis is still involved in negotiations with Rosecroft rTC Raceway management regarding revenue sharing and expense contributions. It has been operating under a temporary agreement for several months.

Alan Foreman, counsel for the Maryland Thoroughbred Horseman's Association, said his group is "extremely pleased with a very clean agreement."

Under the framework of the deal, the thoroughbred industry would receive 80 percent of all revenues from money wagered in the state and the harness side 20 percent.

Yesterday's deal must be signed by all the parties. It specifies in one percentage the amount of expenditures horsemen and breeders will be responsible for in regard to intertracking, off-track betting operations and simulcasting.

The thoroughbred money is to be divided thusly: 47 percent to the track, 47 percent to purses and 6 percent to the breeders' fund.

Under the new arrangement, horsemen and breeders will be responsible for a lower outlay of expenditures, the amount to be determined by total revenues.

Tim Capps, executive vice president of the Maryland Horse Breeders' Association, said: "This sets the stage for joint industry efforts to improve our wagering facilities and our product to Maryland racing fans."

Simultaneously, the Maryland Jockey Club announced a $1 million television advertising campaign to promote the industry and the Maryland Million card.

The national firm of Bosell/Eskew will be added to work on the campaign with the Robert Leffler Agency.

Colonial Downs

1998 meet: Now through Oct. 11

Post times: 1 p.m. Saturday and Sunday, 4 p.m. Monday, 7 p.m. Thursday and Friday

Dark: Tuesday and Wednesday

Information: 888-482-8722

Out-of-town simulcasts: For results, scratches, call 410-792-7464.

Pub Date: 9/11/98

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.