Excelsior's Fields considering Suffolk purchase
January 10, 2007 - Thoroughbred Times
By Steve Myrick
A principal in Excelsior Racing Associates, the group given the initial nod to take over racing at Aqueduct, Belmont Park, and Saratoga Race Course, is discussing an investment in Suffolk Downs that could make him the majority owner of the East Boston track.
New York businessman Richard Field has approached the track with a bid that reportedly values Suffolk Downs at approximately $100-million.
"There have been discussions," said Suffolk spokesman Chip Tuttle. "Richard Fields has expressed an interest. There have been discussions with his organization, and those discussions are ongoing."
Fields was a driving force in development of the Seminole Hard Rock Resort and Casino, with locations in Tampa and Hollywood, Florida.
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