09/02/2004 12:00AM

Etc. . . .

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Kieren Fallon, the British jockey arrested Wednesday in an investigation of alleged fraud, was freed after being questioned for 12 hours. Fallon had six mounts Thursday at Salisbury. . . . Ten Most Wanted, who retired to Gainesway Farm in Lexington, Ky., this summer, will stand his first season in 2005 with a $12,500 fee. Ten Most Wanted won the 2003 Travers and was second in the Belmont Stakes that year. . . . A hearing in a New Orleans bankruptcy court to confirm an amended reorganization plan by the Fair Grounds Corporation has been rescheduled to Sept. 24. The amended plan, to reflect Churchill Downs Inc.'s intent to purchase Fair Grounds's assets, is due in court Sept. 8. . . . One Cool Cat will take on 18 rivals in the Group 1, $400,000 Stanleybet Sprint Cup over six furlongs at Haydock Park on Saturday. Among the opposition will be Somnus, who won the race in 2003 and was a Group 1 winner in France last month. . . . A public hearing on applications for a horse racing track in the Detroit area will be held at 9 a.m. on Sept. 21 at the Michigan State Fairgrounds. Four companies, including Magna Entertainment Corp., have submitted applications for one available license. . . A committee set up by the board of the real-estate company MI Developments has been asked to "reassess" a proposal to purchase all of the outstanding stock of the racetrack company Magna Entertainment Corp., MI Developments announced on Friday. The $286 million offer, announced in July, has been sharply criticized by shareholders of both companies.