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  • Jazil sire of Love Me Good 1st Mdn (May 23, 2nd PID). Owner, Sheltowee Farm and Blazing Meadow Farm; Breeder, Sheltowee Farm...
  • Philanthropist sire of Rob the Cradle 1st Alw (May 23, 2nd WO). Owner, Andrews, Denny and Paradox Farms Inc.; Breeder, Gardiner Farms Limited...
  • Proud Citizen sire of Citizen Kat 1st Alw (May 23, 7th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Mark Reid & Charles Zacney...
  • Yankee Gentleman sire of Little Dale 1st Alw (May 23, 7th BEL). Owner, Vaccarezza, Priscilla, Amante, Anthony and Garrity, Christine; Breeder, Philip Birsh...
  • Hard Spun sire of Gleaning 1st Mdn (May 23, 4th PID). Owner, Robert T. Manfuso; Breeder, Nursery Place & Robert T. Manfuso...
  • Strut the Stage sire of Head Honcho 1st Alw (May 23, 7th WO). Owner, Annecchini and D'Alimonte Holdings Inc. and Kingfield Farm; Breeder, William D. Graham...
  • City Weekend sire of City Sweets 1st Mdn (May 23, 3rd IND). Owner, Mast Thoroughbreds LLC; Breeder, Robert Gorham & Mast Thoroughbreds LLC...
  • Petionville sire of Wups 1st Thoroughbred Maiden Derby (May 23, 9th BOI). Owner, Paul Treasure; Breeder, Michael Iavarone...
  • Luftikus sire of Joyful Kiss 1st Alw (May 23, 7th CT). Owner, Winfred L. Hess, Jr.; Breeder, Ann M. Casey...
  • Bustin Stones sire of Bustinattheseams 1st Mdn (May 23, 2nd BEL). Owner, Bourque Goldstein Thoroughbreds LLC; Breeder, Eaton & Thorne, Inc....
  • Medaglia d'Oro sire of Dealer 1st Alw (May 23, 8th CT). Owner, Coleswood Farm, Inc.; Breeder, Family Broodmare, LLC...
  • Hard Spun sire of Ribbon Taffy 1st Mdn (May 23, 5th IND). Owner, Pucek, John Paul and Marcinek, Paige; Breeder, Matthew R. Herbener...
  • Indian Charlie sire of Nechez Dawn 1st Alw (May 23, 7th AP). Owner, Tresner, Coby and Matsas, Alex; Breeder, B. P. Walden Jr., Hargus Sexton & SandraSexton...
  • Mancini sire of Ride Around Sally 1st Alw (May 23, 6th IND). Owner, Joe Uliano; Breeder, Spade Stable...
  • Include sire of Window Boy 1st Grover (Buddy) Delp Memorial S. (May 23, 8th DEL). Owner, Luis Arenas; Breeder, Shelby Lane Farm Inc. & IncludeSyndicate...
  • Posse sire of Parody 1st Alw (May 23, 4th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Don Mattox & Pam Mattox...

NEWS

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Churchill Downs plans cuts throughout company

Posted: Friday, July 18, 2008 5:34 PM

by Frank Angst

With an ailing economy hurting on-track handle and a horsemen’s dispute cutting into off-track wagers, Churchill Downs Inc. plans to cut jobs.

The Louisville Courier-Journal reported the cuts on Friday. THOROUGHBRED TIMES was unable to reach Churchill spokesman Kevin Flanery, but Flanery told the Louisville paper that cuts would be made across the board. He did not say how many jobs would be eliminated.

The Louisville-based racetrack owner’s holdings include its flagship track, Arlington Park in suburban Chicago, Calder Race Course in Miami, and Fair Grounds in New Orleans.

In December 2006, Churchill Downs announced layoffs of 22 corporate employees, including Andrew G. Skehan, executive vice president and chief operating officer; and Karl F. Schmitt Jr., senior vice president of special events.

The layoffs reduced Churchill's corporate workforce by 30%, and the marketing department was the most heavily affected.

Those cuts came less than six months after Robert L. Evans succeeded Tom Meeker as president and chief executive officer. Skehan and Schmitt were holdovers from the management team of Meeker, who retired after 22 years at the helm of the company.

Churchill stock opened at $33.71 a share on Friday, down 36.4% from its $52.97 closing price on this date last year.

According to its annual report, Churchill employs approximately 1,000 people full-time company-wide. Because of the seasonal nature of racing, average full-time and seasonal employment per pay period was approximately 2,500 company wide during 2007.

Frank Angst is a Thoroughbred Times senior writer

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