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Report: Meadowlands Deal In Final Stages

Published: June 1, 2011 4:09 pm ET

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According to a report, Jeff Gural and his business partners are today waiting for approval from New Jersey Governor Chris Christie on a memorandum of understanding which will put the final touches on the deal that will see Gural become the new lessee of the Meadowlands Racetrack.

An article on northjersey.com explains that the takeover was expected to officially happen today.

Standardbred Breeders and Owners Association of New Jersey President Tom Luchento was quoted as saying, “The ball is in their (Gov. Christie negotiators') court,” and that, "as soon as we get it back and look at it, I’m sure we should have a deal.”

In the article, Luchento also stated that there might be a possibility of a transition period in which Gural will hold the decision-making power of the track even though the NJSEA will continue to manage the technical operation of the facility.

(With files from northjersey.com)


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