MARYLAND TRACK SALE DEADLINE EXTENDED

Acording to the Baltimore Sun, the bankrupt owner of Pimlico Race Course and Laurel Park has pushed back by a week the deadline for the second round of bids for the two Maryland tracks.Bids will now be due Dec. 11, instead of Dec. 4, according to court papers.Last week,

Magna Entertainment Corp. announced that the auction of the Maryland tracks will proceed without a lead bidder. A representative of the financial firm handling the sale indicated that the deadline for the second round of bids could be extended.The move also pushes back the deadline for the state to receive the names of bidders from Dec. 7 to Dec. 14, Brian Rosen, the New York attorney representing Magna, said Monday.

The state has the right to review deals and the right to match any bid for the Preakness, the second leg of racing’s Triple Crown which is held at Pimlico. Any party submitting a bid must agree not to move the Preakness outside the Maryland under the auction rules.The auction remains scheduled for Jan. 8, Rosen said