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Gural hopes to sign Monday; T-breds make deal

December 16, 2011

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Jeff Gural told harnessracing.com on Friday night that he hopes to finalize his deal to operate the Meadowlands Racetrack and sign his lease for the track on Monday and be licensed by the New Jersey Racing Commission on Tuesday.
Also, the Daily Racing Form has reported that New Jersey Thoroughbred horsemen have struck a deal with the state so Monmouth Park in New Jersey stays open in 2012, with plans for a 141-day meet. The state will also reopen the bidding for a long-term lease of the track. Last week Morris Bailey dropped his plans to lease Monmouth Park.
New Jersey Thoroughbred horsemen's association leaders told the Daily Racing Form that a deal to keep Monmouth open calls for horsemen at Monmouth will run for “generated purses,” in 2012, which means purses could be in the range of $150,000-175,000 a day for 141 days of racing . In previous years purses were guaranteed, from approximately $800,000 daily for the "boutique" meet of 2010 to somewhere between $400,000 daily for 70--plus days in 2011. Bailey had proposed purses of about $400,000 daily for a 71-date meet in 2012.
The Daily Racing Form story included no comments from Gov. Chris Christie or his office regarding the plans for Monmouth or the lease of the Meadowlands.
Click here to read the entire Daily Racing Form story.
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