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Ocean Downs contract agreement reached

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March 22, 2009 Send To A Friend  | Print View

Published reports state that an agreement has been reached between Ocean Downs and the Cloverleaf Standardbred Owners Association that calls for the Maryland track to race 40 nights in 2009 with $900,000 for purses coming from the track, and for the backstretch to close in December. The three-year-agreement is expected to be signed sometime this upcoming week.

 
Cloverleaf’s board of directors voted unanimously to approve the contract, preferring it over a 15-year option that included a profitability clause. The new contract is only valid for the full term if track owner William Rickman is awarded a slots license, which comes at a cost of $3 million.
 
"In negotiations, it's give and take," Cloverleaf president Tom Cooke was quoted as saying. "That's what he was giving, so that's what we took."

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