The Bluegrass Stallions semi-pro basketball franchise has terminated its contract with the Kentucky Horse Park arena and will seek other options for future games. Ownership states that the team is not in danger of folding financially.
Excerpt of article by AmericanChronicle.com:
The owner of the financially struggling Bluegrass Stallions said Thursday that he has terminated the team's contract with the Kentucky Horse Park arena.
Sunday's 3 p.m. game against the Louisville Crusaders will be played at the arena. But Tony Chase said he is working to schedule the remaining home games at arenas in Corbin and Frankfort and might use a high school gym in Lexington next season.
Chase said the arena wasn't the best fit for the Stallions or the horse park.
He said Lexington's semi-professional basketball team is not in danger of folding, and he expects it to turn a profit in three years. But Chase said the first season has been financially challenging.
"It has been a losing proposition and probably more so than I expected," he said. "We certainly had difficulties with attendance."
Excerpt of article by AmericanChronicle.com:
The owner of the financially struggling Bluegrass Stallions said Thursday that he has terminated the team's contract with the Kentucky Horse Park arena.
Sunday's 3 p.m. game against the Louisville Crusaders will be played at the arena. But Tony Chase said he is working to schedule the remaining home games at arenas in Corbin and Frankfort and might use a high school gym in Lexington next season.
Chase said the arena wasn't the best fit for the Stallions or the horse park.
He said Lexington's semi-professional basketball team is not in danger of folding, and he expects it to turn a profit in three years. But Chase said the first season has been financially challenging.
"It has been a losing proposition and probably more so than I expected," he said. "We certainly had difficulties with attendance."
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