CDI doesn't plan to renew Guild pact

[Alan07]

Churchill Downs Inc. has notified the Jockeys’ Guild that it will not renew a four-year agreement that expires at the end of the year providing for payments to the Guild from the company’s four tracks, according to Churchill and the guild.

The notification has put the guild on alert that a primary funding source for its operations is in jeopardy at a time when many racetracks are struggling due to the persistent erosion over the last three years of pari-mutuel handle on races, the main revenue source for racetracks.

http://www.drf.com/news/churchill-do...-jockeys-guild