The board of the New Jersey Sports and Exposition Authority has authorized its president, Wayne Hasenbalg, to give the green light to sign a deal which would see the state's thoroughbred horsemen's association take over operating control of Monmouth Park

, according to a report.

In an article in The Bergen Record, John Brennan has cited Hasenbalg as saying that he expects to sign the five-year lease this week. New Jersey Governor Chris Christie and the New Jersey Racing Commission also have to sign off on the deal.

For more details regarding the deal, read The Bergen Record article by clicking here.

(With files from The Bergen Record)

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