Mike Campbell, president of the Illinois Thoroughbred Horsemen's Association, told the Chicago Daily-Herald that former Arlington president Roy Arnold's bid to purchase the iconic racetrack from Churchill Downs is one of three finalists under consideration. He added that the Chicago Bears and another group seeking to preserve racing are the other two finalists, but Churchill Downs has not confirmed the information.
Campbell helped organize the consortium led by Arnold, and revealed that there have been three rounds of bidding since Churchill's initial June 15 deadline. Arnold has increased his offer several times, Campbell said.
“They have the ability to close immediately, which nobody else does. And they have a plan for the future of racing in Illinois that I think is just remarkable,” Campbell said during the ITHA's annual general membership meeting, held virtually on Saturday. “We think it's nice now. Just wait. If we can get Churchill Downs to say yes, you will have a world-class venue for horse racing like no other.”
Read more at the Chicago Daily-Herald.
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