Mark May of the Washington Redskins said yesterday his investment group will not acquire a minority interest in Maryland's two harness tracks but would consider buying the tracks outright from embattled developer Mark Vogel.

May said any possible involvement with Vogel as a 25 percent equity partner ended Sunday with an article in The Washington Post in which Vogel said he occasionally used cocaine over a 14-year period and characterized his weakness for women. Vogel pleaded guilty to one count of cocaine possession after his arrest Sept. 13, and a Maryland bank Friday moved to foreclose on an $11 million note on his two racetracks, Rosecroft Raceway and Delmarva Downs.

"Viewing the latest circumstances and what's been happening with {Vogel's} personal and professional problems, my being involved with the NFL, after reading that left no chance {of an equity partnership}," May said. "I've got to do what's best first and foremost for my family and myself."

May, an avid racegoer who owns about a dozen standardbred racehorses in Maryland and Florida, said he remains interested in wholly owning Rosecroft, in Oxon Hill, and Delmarva, just outside Ocean City, Maryland's only harness tracks in operation. However, he said he would come down from his latest offer for the tracks, which he did not disclose.

Vogel has said he wants at least $20 million for Rosecroft and Delmarva, but a number of interested buyers called the price unreasonably high.

State racing officials have said privately they want Vogel out of the industry, and the action Friday by First National Bank of Maryland is likely to expedite that. The Maryland Racing Commission will discuss the future of the tracks at a meeting Wednesday in Timonium.