Financial problems growing for Blue Ribbon Downs - - Tulsa, OK - News, Weather, Video and Sports - |

Financial problems growing for Blue Ribbon Downs

Problems are mounting for Oklahoma's oldest horse racing track. A federal judge has rejected a bankruptcy protection plan for Blue Ribbon Downs in Sallisaw.

That gives operators little chance to stay in control of it. The judge says Horse Races Inc. continues to report losses and he doesn't think the track can successfully reorganize. The ruling means the city of Sallisaw will again try to foreclose.

Earlier this week the Oklahoma Department of Labor revealed it's investigating track owners for allegedly not carrying workers compensation insurance.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.