Monumental Ontario agreement on the table

12:28 PM 24 Aug 2014 NZST
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It was confirmed late Thursday night to Harnesslink.com that perhaps the greatest contract ever between harness racing horsemen and track management is nearly signed with the Central Ontario Standardbred Association (COSA) and the Woodbine Entertainment Group.

“All the details have not been finalized,” said COSA president Bill O’Donnell. “And there has not been a signing yet, and so I can’t comment on anything at this point.”

While the final “I’s” and “t’s” have not yet been dotted and crossed, the primary ingredients of the agreement have been, and if all continues as planned, a signing could take place by early next week.

The agreement calls for the following:

  • Five year contract
  • $40 million per year for purses at Woodbine & Mohawk
  • $180,000 per race card average
  • 223 race days per year
  • Direct split (50/50) on any and all new gaming

This could well be the most lucrative Standardbred horsemen/track agreement ever signed. Apparently Woodbine Entertainment Group sees the potential growth and renewed interest in the industry and has stepped up to the table and is working out a blockbuster deal with COSA.

More details to come as they develop.

By Steve Wolf, for Harnesslink.com

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