Kentucky Downs finalizes new ownership

FRANKLIN, Ky. – Kentucky Downs Racing officially has two new men in charge.

On Tuesday, the business announced Ron Winchell and Marc Falcone as the new owners managing partners of Kentucky Downs.

The duo purchased the racetrack and year-round entertainment center’s assets through their new company, Kentucky Racing Acquisition LLC.

The terms of the sale were not disclosed.

“We very much look forward to working with local and state officials, the Kentucky Horse Racing Commission and our sister tracks in Kentucky for the betterment of the commonwealth’s signature industry,” said Winchell in a press release.

Falcone said he’s hoping the pair can continue the work done by the previous owners of the track.

“Our focus will be to continue Kentucky Downs’ financial success and commitment to the Kentucky racing industry,” he added. “We’ve already been working hard, and the future looks very promising.”