Comments on: KEENELAND: LEXINGTON’S FORT KNOX

By: Maurice Miller

Maurice Miller — Sun, 16 Nov 2008 18:08:11 +0000

I am friends with many descendents whose forefathers helped with the “seed money” to establish Keeneland. I’ve never heard from any of them that they ever felt slighted; only that they”re proud of what Keeneland has become.

By: Paulick Report » Blog Archive » TOP TEN THINGS YOU MAY HAVE LEARNED ONLY BY READING THE PAULICK REPORT

Thu, 25 Sep 2008 12:37:06 +0000

[...] sharp sausages didn’t make the list. 10. Keeneland never formed a sale company; it merely convinced Kentucky breeders to hand over the Breeders’ Sales Company co-op in 1962 and has since profited to the tune of hundreds of millions of dollars. 9. Internet entrepreneur [...]

By: Financial Blog » WHO OWNS KEENELAND?

Financial Blog » WHO OWNS KEENELAND? — Wed, 10 Sep 2008 13:51:34 +0000

[...] detailed in the Paulick Report’s first installment of this history of Keeneland, the track was funded by Kentucky horsemen and local citizens through an offering of preferred, [...]

By: Paulick Report » Blog Archive » INDIAN CHARLIE AUTHOR MUSSELMAN AVID READER OF PAULICK REPORT

Tue, 09 Sep 2008 13:03:13 +0000

[...] the Paulick Report’s recent two-part series about Keeneland’s very profitable history (Lexington’s Fort Knox) and current governance and ownership (Who Owns [...]

By: john greathouse

john greathouse — Mon, 08 Sep 2008 01:17:06 +0000

LCM
Keeneland gives away 138% of the money dictated by the horsemans account..check it out plesae…out of curiosity…what benefit would Keeneland have to hold onto cash?
please don’t be a coward…I posted my name …do the same please
btw…what is your beef with Keeneland? Do you think it is Federally Funded? State Funded? Do you like the looks of the place? Its park like atmosphere? Or would you rather have another Miles Park? Cause without the Sale Money!!! we would not exist!!!!!!!!
Do you represent a local charity?
be a man …speak up!

By: Paulick Report » Blog Archive » WHO OWNS KEENELAND?

Paulick Report » Blog Archive » WHO OWNS KEENELAND? — Fri, 05 Sep 2008 11:32:51 +0000

[...] « KEENELAND: LEXINGTON’S FORT KNOX [...]

By: LCM

LCM — Fri, 05 Sep 2008 02:39:30 +0000

Well it’s about time this was discussed!!!! I’ve been posing the question recently. WHY and more importanly HOW is Keeneland a CHARITABLE organization? And as for Mr. Greathouse’s statement: How does Keeneland sitting on UNTOLD MILLIONS of dollars benefit anyone selling a yearling? Do the purses at a very limited meet at one racetrack really influence the price a yearling brings? GET REAL. I would truly like someone from the IRS to look at Keeneland’ books to see if their “charitable” contributions are significant enough in comparison to their earnings. We know they’re not. I’ve done a very small amount of research on this issue and I make no claims to have in depth knowledge, but it is my understanding that the designation of charlitable organizations is done at the STATE level. That certainly explains how they’ve managed to get away with this lie for so long. I really hope that one day, some bored IRS worker trying to make a name for himself/herself stumbles upon this socalled “charitable” instituation that is KEENELAND!!!

By: john greathouse

john greathouse — Fri, 05 Sep 2008 01:30:43 +0000

and without that cash the purses at keeneland would be the same at Turfway and the price of yearlings would be in the tank…ya gotta give a little to get a little

By: irabird

irabird — Fri, 05 Sep 2008 00:51:17 +0000

Splendid journalism! I look forward to sequel.

By: TomasinNM

TomasinNM — Fri, 05 Sep 2008 00:31:36 +0000

Excellent article Ray - you’re answering questions I’ve often wondered about. Please, tell the racing public about Keeneland’s annual donations to charity. I may be wrong, but it always seemed to be a token gesture and not very generous given their annual earnings.

I’m looking forward to the next installment.