Rick
I have seen it with two tracks. I was with a couple of investors a few years back looking at the purchase of these race tracks and facilities. Both since have been purchased by different individuals. I would rather not say the names of the tracks or the names of the new owners out of respect to them. I believe they have been cleaning up the mess they have inherited. The paperwork that I seen at both places was staggering. They were listing it as paying tow money to these people to try and hide the fact that they were simply letting them in for free. The majority of them were fans/spectators but some of them were competitors. These competitors were not big name large fan draw type of competitors. They were just the average Joe. Some of these competitors lived in the same town or real close to the track. In fact when you get right down to it they are getting in for free. Then the tracks would cut purse do to low revenue paid thru the gate. That was my point in that statement you were questioning.
I have seen it with two tracks. I was with a couple of investors a few years back looking at the purchase of these race tracks and facilities. Both since have been purchased by different individuals. I would rather not say the names of the tracks or the names of the new owners out of respect to them. I believe they have been cleaning up the mess they have inherited. The paperwork that I seen at both places was staggering. They were listing it as paying tow money to these people to try and hide the fact that they were simply letting them in for free. The majority of them were fans/spectators but some of them were competitors. These competitors were not big name large fan draw type of competitors. They were just the average Joe. Some of these competitors lived in the same town or real close to the track. In fact when you get right down to it they are getting in for free. Then the tracks would cut purse do to low revenue paid thru the gate. That was my point in that statement you were questioning.
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