The Board still has some decision making to do concerning going beyond the free cash flow. It may be that we have some seasonal dips in cash where we may borrow on a short-term basis. We will keep our options open even in the area of the possible disposal of the Staten Island property this year in which case we might have significant cash available for investing in the best possible manner.

Bob Simonson (William Blair & Company): What is the legal basis for the Kentucky appeal?

John Saunders: We are not sure but all we have seen is a press release stating their intention to appeal. Once we have seen their briefs we will be able to respond but as of now we really don’t know.

Bob Simonson (William Blair & Company): Enlighten us more on the fourth quarter and full year broadcast and rights fees.

Wes Harris: For the fourth quarter, broadcast and rights fees were $73.8 million and $3.2 million respectively. Full year figures were $242.8 million and $11.4 million.

Bob Simonson (William Blair & Company): Do you have a tentative cost estimate for the Kansas City casino project if you were to be approved?

Wes Harris: I think that it will be north of $600 million with the majority of that financed by the joint venture. 80% to 85% of that amount will probably be borrowed for the construction financing and the borrowings will be backed by tenant leases.

Bob Simonson (William Blair & Company): Is it still possible for you to get a full refund of the money deposited with the IRS?

Dan Houser: We started the appeals process back in June. I was encouraged by the process because we were getting an opportunity to state our case. What has been a surprise to us is that while we have supplied some information and offered some solutions to the issue, the appeals office seems to have backed down. We are therefore not getting any indication from them as their position. I’m reluctant to get people excited by promising them that we will get a large portion of the money back. Whilst it’s not impossible under some of the potential settlement scenarios, it is really too soon to comment. Should we be lucky enough for that to happen, that will represent funds which we can use either in prudent external investments or for additional stock repurchases.

Greg Badishkanian (Citigroup): You mentioned that you were seeing some low single declines in advance ticket sales and the factors causing the declines. Where do you see attendance trends going longer term?

John Saunders: I think that because of some of the payment plans and the timing renewals, it might be a bit early to comment. As Wes mentioned, we will be keeping a close eye on Michigan due to both macro economic conditions and what they are experiencing in the auto industry. However, we are cautiously optimistic and in cases where we miss out a sell out, it will not be a big number. I think that it’s important to note that even where a track does not sell out, the difference is not major. But, as I mentioned earlier, we are closely watching this area and given that it’s a mixed bag, we are just going to have to pay attention to the economy and consumer buying habits.

Dan Houser: On the longer term we spent a good deal of time in the past year in integrating a new and more robust strategic planning process for the company. The strategic plan boils down to one thing: bringing the fan to our events. This is the key focus across the company and we recognize the challenges faced in competing for the leisure entertainment dollar. In the long term, we are very focused on understanding customer needs and desires and delivering the type of experience that will keep bringing them back year after year.

Wes Harris: One more thing is that we’ve got Sprint involved and with Nationwide coming on, there is going to be a great push more than AB could ever do. There is a lot of upside if you can sell more tickets in the Nationwide series. Fans continue to be highly avid in the sport relative to other sports. There is a lot of good things going on. The only negative are the challenging economic times but we are well positioned and are better than 95% of the companies in this type of environment.

Greg Badishkanian (Citigroup): Can you give us an update on ticket pricing expectations for 2008?

Dan Houser: We are pretty modest in the low single digits of 1% to 2%. The strongest will probably be in the Sprint Cup series but we are much focused on fan retention and servicing our fan base in the tough economic environment. We are doing our best to make the year an opportunity for fans to get to our races despite the tough conditions expected.

John Fox (Fenimore Asset Management): How fast do you intend to finish the share buy back?

Dan Houser: We are currently in discussions with our Board Committee on what adjustments to make.

John Fox (Fenimore Asset Management): Do you have the total attendance figures for 2007?

Wes Harris: 3.9 million paid attendees.