Horsemen's meeting to weigh Rosecroft sale

September 14, 2002|By Tom Keyser | Tom Keyser,SUN STAFF

Standardbred horsemen have been summoned to a meeting Wednesday at Rosecroft Raceway to consider bids from potential buyers for the harness track in Prince George's County.

The Cloverleaf Standardbred Owners Association, which owns the track, has summoned its members - trainers, breeders and horse owners - to the meeting at 1 p.m. "to review and comment on the possible sale of Rosecroft Raceway," according to a notice circulated to members.

The notice says that Rosecroft's CEO, Tom Chuckas Jr., and potential buyers "will make a presentation, explain the components of the sale and answer questions from the general membership. Similar to the Aug. 13 meeting, this is solely an informational meeting ... "

At the August meeting, the CSOA discussed offers from two entities: Greenwood Racing, the parent company of Philadelphia Park and its six off-track-betting sites in Pennsylvania, and Centaur Racing, part-owner of Hoosier Park in Indiana, according to The Blood-Horse, an industry publication.

Chuckas, Rosecroft's CEO, could not be reached yesterday for comment, and Tom Winebrener, president of the CSOA, declined to comment on the possible sale of the track.

In a move unusual in the horse industry, the horsemen's association purchased Rosecroft in 1995 as it teetered on the brink of bankruptcy. The track operates under a revenue-sharing agreement with the Maryland Jockey Club, the parent company of Pimlico and Laurel Park.

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