Hollywood Park directors told proposal to sell race track could mean end of racing at Hollywood Park. (Hollywood Park Operating Co.)(includes letter)

PR Newswire | December 3, 1990 | Copyright

HOLLYWOOD PARK DIRECTORS TOLD PROPOSAL TO SELL RACE TRACK

COULD MEAN END OF RACING AT HOLLYWOOD PARK

LOS ANGELES, Dec. 3 /PRNewswire/ -- A proposal by a committee of directors of Hollywood Park Operating Company (NASDAQ: HTRFZ) proposing the sale of Hollywood Park and all of its assets is "thoughtless and unworkable" and could result in the end of thoroughbred racing at Hollywood Park, stated R. D. Hubbard, a 9.9 percent shareholder of Hollywood Park, in a letter to the Directors of both Hollywood Park Operating Company and Hollywood Park Realty ...

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