HAWTHORNE ON LIFE SUPPORT

[simplify]

You do know only absolute dbags type in allcaps. Trust me Ruffolo you aren't that important.

[Sweet]

You do know only absolute dbags type in allcaps. Trust me Ruffolo you aren't that important.

I'm not a caps fan, but he breaks it up into small sentences which is just fine, and while my vision is good not every nostalgia plopper's is so it benefits others too.

Do you ever laugh, smile, because bitching, moaning and complaining is a tough life, sounds like you're in pain and about to expire 

Multiple consecutive posts sound like you're fighting for your life

Find something good to argue about, and we'll all laugh while I tear you a new asshole, that'll will give you 3...an inside outside PLOP record 

[SPREE2015]

NO NEWS FROM HORSEMAN'S ASSOCIATION

[SRP22]

https://www.thoroughbreddailynews.com/hawthorne-bankruptcy-auction-could-happen-by-august/

[SRP22]

Carey added that existing–but similarly unfulfilled–business plans that his company has for a separate Standardbred racino at another regional location are also under consideration for purchase by at least some of the potential buyers.

“So it's not going to be just Hawthorne,” Carey said. “They really are honing in on that second location and helping out the harness guys.”

[SRP22]

They received a 90M dollar bid from a company that apparently has no interest in racing or casinos

[Checked Up]

They better take the 90 mil. and run! Does anyone know what the amount of debt actually is? 🤔

[silent one]

They better take the 90 mil. and run! Does anyone know what the amount of debt actually is? 🤔

      Reported to be $138 million, owed to over 200 creditors. Hawthorne (Carey) has reached an agreement, according to the Chicago Tribune, to sell for $90 million. This offer was a stalking horse bid. Any other bid must beat the stalking horse offer. The bid came from ALLIMAC LLC of Wilmington, Delaware. It has been reported that ALLIMAC LLC has no interest to continue racing or the casino license. The deadline for submission of bids for Hawthorne was Friday, June 26.
Harness racing is thriving.

        Sincerely, Silent One

[SPREE2015]

WHAT ABOUT THE OFF TRACK HAWTHORNE OWNED PROPERTIES

[silent one]

Before ruling, Barnes said he was surprised the initial bid was as low as $90 million since Hawthorne officials earlier said they had entertained offers for well more than $100 million. The judge questioned all parties to the case about prospects for obtaining higher bids, including "going concern" bids, through an extension. A going concern bid is one that intends to purchase a distressed business or property with the intent of sustaining it.

With the bidding process shrouded in nondisclosure agreements, Barnes said it was left to his determination whether that chance was worth approving another $1.9 million in spending.

That interim financing and other obligations would be repaid through the proceeds of a sale. Barnes, however, indicated a sale price as low as $90 million might mean unsecured creditors might not recover any of the money they're owed.

"If the stalking horse bidder is the winning bidder, that's a disastrous outcome," said Michael Brandess, attorney for the creditors' committee.
 
   The judge extended the deadline for bids, until July 10, in hopes of a bidder that would want to keep racing going. Evidently, The $90 Million bid was the only one received.

   Harness racing is thriving.


     Sincerely, Silent One

[SRP22]

Ray Paulick
@raypaulick

Mike @RepoleStable would be the toast of Chicago if he stepped up to buy Hawthorne out of bankruptcy and show the world the vision he has to save horse racing.

Come on Mike, there’s no time like now. We need someone bold, brash, innovative and rich.

[SRP22]

https://www.horseracingnation.com/news/Hawthorne_bankruptcy_judge_That_ship_has_sailed_123