In Thursday's quarterly earnings call with investors, Churchill Downs' chief executive Bill Carstanjen explained that the decision to delay the 2020 Kentucky Derby and Kentucky Oaks to September cost CDI $149 million, reports the Courier-Journal.
“The Derby long term has not been damaged in any way, (but) we are going to do what's right by our customers and our sponsors,” Carstanjen said.
To that end, Churchill has stopped selling general admission tickets to the Sept. 5 Derby.
“We're still well under the capacity that we've discussed with the governor. But we've stopped (selling general admission tickets) anyway because we want to make sure first and foremost that when our customers come to the event, that they feel safe,” Carstanjen said.
Read more at the Courier-Journal.
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