Magna Interested in Quebec's Harness Tracks
Updated: Friday, March 5, 2004 8:47 AM
Posted: Friday, March 5, 2004 8:47 AM
Magna Entertainment Corp. could be on the verge of buying the four Standardbred racetracks in Quebec, Canada.
MEC officials and members of the Quebec Breeders Association met for the third time Thursday to discuss purses, types of races, and how to develop the Standardbred industry in Quebec, said Michel Dostie, president of the breeders association.
Representing Magna were chief executive officer Jim McAlpine, chief operating officer Don Amos, and Brian Tobin, who was recently named chief executive of MEC's parent company MI Developments.
Amos confirmed MEC's interest in the tracks to Standarbred Canada: "We are in discussions with all the parties involved with racing in Quebec, it's just in the process mode right now," he said.
Dostie said he expects a financial proposal from MEC as early as Monday or Tuesday.
The four tracks in Quebec are the Hippodrome Trois Rivieres, Hippodrome de Quebec, Hippodrome de Montreal, and Hippodrom d' Aylmer.
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