DEL MAR, Calif. - Dwain Davis, an investment banker from Paso Robles, Calif., and his family are in the process of buying Alex Trebek's Creston Farm in Creston, Calif., a deal that should be completed by the first week of October, Davis said Friday.
Davis said negotiations began earlier this year, when his family began exploring ways to invest in Thoroughbred racing. Creston Farm has been on the market for several months.
"We thought this was a good time to take a look at the market," Davis said of Thoroughbred racing. "We were pretty aggressive about it."