Allimac

The Illinois Thoroughbred Horsemen's Association (ITHA) late Friday afternoon filed a "limited" objection with the federal bankruptcy court that is poised to finalize the $90-million sale of Hawthorne Race Course to a non-racing entity at a scheduled Monday hearing, telling the judge that the deal should include a mandate that builds in protections for the humans and horses that live on the backstretch there. "Specifically, ITHA requests that the Sale Order expressly provide that the Backstretch Community may remain at Hawthorne until Nov. 1, 2026, and requires the funding for...

In a move that could establish a minimum price for another entity to bid on keeping racing alive at the financially troubled Hawthorne Race Course, the track's owner, Carey Family Properties, LLC, has secured what is known as a "stalking horse" bid of $90 million to potentially sell the 108-acre property to a relatively anonymous and obscure Delaware limited liability company that was just created June 22. Hawthorne Race Course, Inc., controlled by the Carey family, has been seeking federal Chapter 11 bankruptcy protection since Feb. 27 in an attempt...