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Thursday, 10 November 2005 |
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We all know the grass is not always greener but in the case of Hollywood Park, there is no grass at all. The entire turf season this fall has been wiped out according to an announcement last week and it leaves horsemen scrambling to find spots for fit horses and it leaves bettors relegated to watching parades for the next several weeks.
This is just another bungled job by new management who also are in the process of killing the racing at Bay Meadows. If there is a silver lining in the entire mess, it could be that Northern California racing could be helped.
The initial announcement stated that the purse money would just be given out in overnight races. In other words, they would boost up the purses of the lesser horses that ran on dirt. The powers that be didn’t quite think this through enough.
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Thursday, 10 November 2005 |
Another profitable week but nothing to get the pulse racing, either. Play Ballado wasn't a good filly we were trying to beat last Wednesday; she may be a budding star. It took an exceptional filly to beat Classy Charm, who fired strongly into the stretch, like a drum. Kimmel's filly was clearly no match for Ward's. Too bad. Classy Charm was 7-1, but did complete an $11 exacta in a five horse field with the odds on favorite. That's good value, believe it or not. Thank you Chief (H. Allen Jerkens) for Actcellent, who returned an excellent $10.40 Thursday. No play Friday when Pleasant Laughter was a late scratch nor Saturday when we could neither bet on or against what we thought was an unbeatable favorite. Latice was terrible, not the same filly we saw in Saratoga and, frankly, it was not great management by Jonathan Sheppard. Even a Hall of Fame horseman can let one get away from them once in a while. |
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Thursday, 10 November 2005 |
The graded stakes winning sprinter McCann's Mojave was able to dictate the pace and hold 6-5 favorite Desert Boom at bay to record a one-length win in the $250,000 California Cup Classic presented by Smith Barney Sunday on the final day of the 2005 Oak Tree at Santa Anita meeting. Desert Boom drew even on the outside of the pacesetting McCann's Mojave inside the eighth pole, but the gutsy 5-year-old fought back under Jose Valdivia Jr. to register a slight upset in the 1 1/8-mile main event to the 2005 California Cup. "When (Desert Boom) came to us, he looked him in the eye and dug in," said Valdivia, who picked up the mount when Alex Solis was unable to ride after being injured a fall two days earlier. "I thought, man, this is going to be a dog fight, and I'm on the right horse." |
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Thursday, 10 November 2005 |
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Churchill Downs Inc. reported net earnings of $71.6 million for the third quarter of 2005, up from a loss of $3.8 million for the same period last year, thanks to the sale of Hollywood Park in Southern California.
The sale of the track did wonders for the CDI bottom line, company president Tom Meeker indicated in a statement that accompanied the earnings release.
"Through the sale of Hollywood Park, we strengthened our balance sheet by virtually eliminating our long-term debt," Meeker said. "We also negotiated an amended credit facility at favorable rates. As a result, the company now enjoys access to capital and the freedom to execute on strategic opportunities as they develop."
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