Historic St. Petersburg dog track sold

The St. Petersburg Kennel Club, which operates the historic Derby Lane, has merged with a private equity firm named Rally Acquisition and taken a $58.25 million mortgage on the Gandy Boulevard track.

Details of the deal were not disclosed, but records from the state’s Division of Corporations and Pinellas County show the two transactions.

Scott Esterbrook, a Philadelphia attorney listed in merger paperwork filed with the state, did not respond to a request for comment Tuesday.