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Churchill Downs Incorporated Reaches Agreement With KHRA on Assistant Starter Procedures

| Churchill Downs Communications | 06/17/2008 #
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Churchill Downs Incorporated has reached an agreement with the Kentucky Horse Racing Authority regarding procedures followed for assigning assistant starters during Kentucky Derby 134 on Saturday, May 3, 2008. CDI has agreed to pay an administrative assessment of $15,000, but does not admit any wrongdoing as part of the agreement.

The review of CDI procedures followed the assignment of an assistant starter to a specific horse for Kentucky Derby 134. As part of the review, the KHRA determined there was no evidence of inappropriate behavior by the assistant starter during the loading.

“The questions raised concerned the procedures by which staff are hired and assigned to start a race,” said Steve Sexton, president of Churchill Downs racetrack and executive vice president of Churchill Downs Incorporated. “We were eager to cooperate in the review and to swiftly address the KHRA’s concerns regarding these procedures. We believe this agreement is an acceptable resolution for both the KHRA and Churchill Downs. We are particularly satisfied with their conclusion that the actual running of Kentucky Derby 134 was handled appropriately.”