Hollywood Park Owners Shuffle Administration
Updated: Thursday, September 29, 2005 9:30 PM
Posted: Wednesday, September 28, 2005 6:47 PM
F. Jack Liebau has been named president of the Hollywood Park Racing Association, replacing Rick Baedeker, who has joined Stockbridge Capital Group, the company that now oversees the Inglewood, Calif., track.
Liebau will continue in his role as president of Bay Meadows Racing Association while also taking the helm at Hollywood Park. Stockbridge, which is also the parent company of the Bay Meadows Racing Association, completed the purchase of Hollywood Park from Churchill Downs Incorporated for $257.5 million Sept. 23.
Baedeker has been president of Hollywood Park since November 1999. He was the track's vice president of marketing and public relations from 1992 to 1998.
In his new role, Baedeker will focus initially on legislative and regulatory efforts involving Stockbridge's racetracks, including efforts to expand gaming and to improve economic conditions for the California racing industry. He will also work closely with Terry Fancher, the managing partner of Stockbridge, in managing the firm's relationships with pension funds and other investors.
The track's new owners have said racing will continue at Hollywood Park for at least three years. But if California lawmakers don't make commitments to racing, the owners have said the track could be turned into a commercial and residential development after 2008.
Bay Meadows Land Company built a mixed-use development on 79 acres at Bay Meadows racetrack that previously was the site of a stable area and training track and has plans to develop the rest of the San Mateo property.
Eual Wyatt will continue to serve as general manager and vice president at Hollywood Park. Wyatt has been general manager at the track since 1994.
In other management changes at Hollywood Park, Dyan Grealish and Bernie Thurman will serve as vice presidents of both Hollywood Park Racing Association and Bay Meadows Racing Association. Mike Ziegler will also serve as a vice president of both racing associations and as an assistant general manager. Tim Barden will also be an assistant general manager of HPRA. Martin Panza will serve as vice president of racing of HPRA.
Fancher, the managing partner of Stockbridge, said, "Jack Liebau has long been recognized as one of the true leaders in the California racing industry. We are fortunate to have him at the helm of our statewide racing operations.
"Our goal is to continue and strengthen Hollywood Park's tradition of offering an outstanding experience for racing fans and horse owners and trainers alike," Fancher added.
Steve Arnold will be moving from his current role as vice president of finance at Hollywood Park into a new role at Stockbridge.
Arnold and Baedeker will be based in new offices Stockbridge expects to open in Los Angeles shortly.
FREE! E-Newsletters from The Blood-Horse!...
Follow the top stories of major racing events, racing previews and results with FREE e-newsletters from bloodhorse.com. As news develops, we'll deliver updates to your inbox. Follow important events moment by moment, step by step!