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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
(Amendment No. 2)
MERIDIAN SPORTS INCORPORATED
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
589783 10 9
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(CUSIP Number)
(CONTINUED ON FOLLOWING PAGE(S))
Page 1 of 7
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13G
CUSIP NO. 589783 10 9 Page 2 of 7
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MAFCO HOLDINGS INC.
2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
NUMBER 5. SOLE VOTING POWER
OF SHARES -0-
BENEFICIALLY 6. SHARED VOTING POWER
5,200,000
OWNED BY
7. SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING
8. SHARED DISPOSITIVE POWER
PERSON WITH
5,200,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,200,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
65%
12. TYPE OF REPORTING PERSON
CO
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13G
CUSIP NO. 589783 10 9 Page 3 of 7
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MERIDIAN SPORTS HOLDINGS INC.
2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
NUMBER 5. SOLE VOTING POWER
OF SHARES -0-
BENEFICIALLY 6. SHARED VOTING POWER
5,200,000
OWNED BY
7. SOLE DISPOSITIVE POWER
EACH
-0-
REPORTING
8. SHARED DISPOSITIVE POWER
PERSON WITH
5,200,000
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,200,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
65%
12. TYPE OF REPORTING PERSON
CO
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13G
CUSIP NO. 589783 10 9 Page 4 of 7
Item 1(a): Name of Issuer.
MERIDIAN SPORTS INCORPORATED (the "Company")
Item 1(b): Address of Issuer's Principal Executive Offices.
625 Madison Avenue
New York, New York 10022
Item 2(a): Name of Persons Filing.
Meridian Sports Holdings Inc., ("Meridian
Holdings") is an indirect wholly owned subsidiary
of Mafco Holdings Inc. ("Mafco"). All of the
capital stock of Mafco is owned by Ronald O.
Perelman.
Item 2(b): Address of Principal Business Office.
The principal business offices of Meridian Holdings
are located at 625 Madison Avenue, New York, New
York 10022. The principal business offices of Mafco
are located at 35 East 62nd Street, New York, New
York 10021.
Item 2(c): Citizenship.
Meridian Holdings and Mafco each are Delaware
corporations.
Item 2(d): Title of Class of Securities.
Common Stock, par value $.01 per share (the
"Shares").
Item 2(e): CUSIP Number.
589783 10 9
Item 3: Not Applicable
Item 4: Ownership.
Meridian Holdings owns 5,200,000 Shares, which
represent approximately 65% of the total number of
Shares outstanding on December 31, 1996. Mafco may
be deemed to beneficially own the Shares owned by
Meridian Holdings. Ronald O. Perelman owns all of
the capital stock of Mafco.
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13G
CUSIP NO. 589783 10 9 Page 5 of 7
(a) Amount Beneficially Owned:
5,200,000 Shares
(b) Percent of Class:
65% based upon 8,000,000 Shares
outstanding on December 31, 1996.
(c) Number of shares as to which such person
has:
(i) Sole power to vote or to direct
the vote.........................-0-
(ii) Shared power to vote or to direct
the vote...................5,200,000
(iii) Sole power to dispose or to direct
the disposition of...............-0-
(iv) Shared power to dispose or to direct
the disposition of ........5,200,000
Item 5: Owner of Five Percent or Less of a Class.
Not Applicable
Item 6: Ownership of More than Five Percent on Behalf of
Another Person.
At December 31, 1996, all of the Shares owned were
pledged to secure obligations.
Item 7: Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By
the Parent Holding Company.
Not Applicable
Item 8: Identification and Classification of Members of the
Group.
Not Applicable
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13G
CUSIP NO. 589783 10 9 Page 6 of 7
Item 9: Notice of Dissolution of Group.
Not Applicable
Item 10: Certification.
Not Applicable
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13G
CUSIP NO. 589783 10 9 Page 7 of 7
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February , 1997
MERIDIAN SPORTS HOLDINGS INC.
By: /s/ Glenn P. Dickes
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Name: Glenn P. Dickes
Title: Vice President
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
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Name: Glenn P. Dickes
Title: Senior Vice President
