More fiscal irresponsibility from the MJC

[takeout]

http://www.baltimoresun.com/sports/horseracing/bal-sp.racing11feb11,0,3424255.story?coll=bal-sports-horse

[snip]
A portion of money wagered goes into an account that funds purses for races, including stakes. Wayne Wright, executive secretary of the Maryland Thoroughbred Horsemen's Association, said the account faces a $2 million shortfall this year.
[snip]

[kenwoodallpromos]

Sillly me! I thought takeouts paid most of the purses! Maybe they should have 10 $50,000.00 NW1 ALW races that day and spread the winnings to more owners and trainers if enough $$ is not bet on the bigshots to cover it!

[takeout]

[snip]
However, if the General Assembly authorizes slot machines at tracks or some sort of purse enhancement, then the purse account will fund the Special. The horsemen's association and track management had already agreed to that.

Otherwise, track management will offer a plan for financing the race, Raffetto told commissioners. After the meeting at Laurel Park, he declined to say what the plan would be.
[snip]

And this is the same management that was too broke to have the employees' Xmas party? Poleeze!! :rolleyes:

Can't wait to see that plan for financing the race. They'll probably raise their takeout again. One thing you can betcha, it won't come out of *their* hide.