Hall of Fame trainer Bobby Frankel, who had been battling leukemia for most of the year, died peacefully at his home in Pacific Palisades, Calif., early Nov. 16. He was 68.
4 days ago
Irish-bred El Prado, the horse that inspired Frank Stronach to get involved in the stallion business, died of an apparent heart attack in his paddock at Adena Springs near Paris, Ky. the morning of Sept. 21.
Tuesday, September 22, 2009
An auction scheduled Sept. 8 on properties owned by bankrupt Magna Entertainment Corp. will not go forward after the company withdrew Santa Anita Park, Lone Star Park, and other assets from the bidding in court documents filed in U.S. bankruptcy court.
Friday, September 04, 2009
Frank Stronach's Adena Springs announced Aug. 3 that its roster of stallions will cover mares in the Northern Hemisphere on Southern Hemisphere time at both Adena Springs near Paris, Ky., and at Adena Springs South near Williston, Fla.
Monday, August 03, 2009
A bankruptcy court has granted permission for Magna International Corp. (MEC) to sell its track in Austria to a group associated with company founder and chairman Frank Stronach, Bloomberg reported July 30.
Thursday, July 30, 2009
El Prado, who has sired 74 stakes winners, including the hot young stallion Medaglia d'Oro, experienced declining fertility during the 2009 breeding season, but will continue to cover mares in 2010 if he remains healthy, according to Eric Hamelback, who is the general manager of Frank Stronach's Adena Springs operation near Paris, Ky.
Saturday, July 18, 2009
The Canadian Thoroughbred Horse Society (Ontario Division) honored 2008 Ontario-bred champions at its annual awards June 12 at the Lionhead Golf & Country Club in Brampton, Ontario.
Wednesday, June 17, 2009
Magna Entertainment Corp. chairman Frank Stronach criticized certain hedge-fund investors for putting "unwarranted" pressure on the bankrupt racetrack company's parent entity, suggesting May 8 that those antagonists could start their own company if they didn't like what they saw.
Friday, May 08, 2009
Magna Entertainment Corp. submitted a new court plan May 1 to auction off some of its racetracks, including Santa Anita Park, as part of its Chapter 11 bankruptcy reorganization.
Saturday, May 02, 2009
The Office of U.S. Trustee is backing a shareholder's demand to install an independent examiner as an overseer of transactions related to Magna Entertainment Corp.'s bankruptcy reorganization, a move which the horse racing company claims will be detrimental to various interests.
Thursday, April 16, 2009
Magna Entertainment Corp. has appointed restructuring adviser Greg Rayburn as interim chief executive officer, the company announced the evening of April 7.
Tuesday, April 07, 2009
Joining in the parade of objectors to Magna Entertainment Corp.'s proposed debtor financing and sale of assets is the unsecured creditors committee, which primarily singled out company chairman Frank Stronach for his role in MEC's bankruptcy reorganization process.
Thursday, April 02, 2009
Frank Stronach is chairman of Magna Entertainment Corp., a major racetrack operator that filed for Chapter 11 bankruptcy protection March 5. He also is the owner of Adena Springs, which won its fifth consecutive Eclipse Award as outstanding breeder in 2008 while Stronach picked up his fourth Eclipse as outstanding owner. Stronach discussed the MEC bankruptcy with The Blood-Horse following the Adena Springs sale of 2-year-olds in training.
Tuesday, March 17, 2009
The Adena Springs sale of 2-year-olds in training bucked the downward trend in the Thoroughbred marketplace in one important statistical category. The median price rose 28.6% from a year ago during the eighth edition of the auction, which was held March 16 at Adena Springs South near Williston, Fla.
Monday, March 16, 2009
The catalog for the Adena Springs sale of 2-year-olds in training is smaller this year when compared to 2008. But the auction is "full of quality," according to Mark Roberts, the manager of Adena Springs South in Williston, Fla., where the sale will be held March 16, beginning at 4:30 p.m. (EDT).
Saturday, March 14, 2009
The parent company of Magna Entertainment Corp. disclosed March 10 it does not intend to keep on a long-term basis the racing assets upon which it is bidding in MEC's Chapter 11 bankruptcy reorganization, including its "immediate" intention of redeveloping Golden Gate Fields into a commercial property if the bid is successful.
Tuesday, March 10, 2009
Magna Entertainment Corp. announced March 5 it filed for Chapter 11 bankruptcy protection, and also unveiled a plan to sell many of its assets, including Gulfstream Park in Florida, Golden Gate Fields in California, and Lone Star Park in Texas.
Thursday, March 05, 2009
A prominent shareholder is asking MI Developments to foreclose on loans it has with its subsidiary Magna Entertainment Corp., if and when those credit agreements go into default, in hopes of recouping some of its investment in potential bankruptcy reorganization.
Tuesday, February 24, 2009
Magna Entertainment Corp. chairman Frank Stronach is advocating a charter for "horsemen's rights" and said his company, the largest in North America in terms of racetrack holdings, would work with horsemen to accomplish it.
Wednesday, February 04, 2009
Gulfstream Park presented the Jockeys' Guild with a $22,000 check Jan. 31.
Saturday, January 31, 2009
Hosted by Lenny Shulman and Steve Haskin, "And They're Off" is a bi-monthly online video series sponsored by Darby Dan Farm. This week, Lenny and Steve review the Eclipse Award winners. Plus, Everybody wants to buy a Derby Winner.
Thursday, January 29, 2009
For the sixth consecutive year, Frank Stronach's Adena Springs tops the list of leading individual breeders in North America by earnings.
Tuesday, January 06, 2009
The Ocala Breeders' Sales Co. has cataloged 613 horses for its 2009 winter mixed sale. The auction will be held Jan. 6 and 7 in Central Florida.
Friday, December 05, 2008
Magna Entertainment Corp. announced Nov. 26 an agreement with MI Developments, the company's controlling shareholder, which will allow it to "recapitalize and reposition MEC to enable it to pursue its strategy of horse racing, gaming, and entertainment on a standalone basis."
Wednesday, November 26, 2008
Stockplace paid highest price of $290,000 Nov. 8 for a colt by Medaglia d'Oro during the Keeneland November Breeding Stock Sale.
Saturday, November 08, 2008
Magna Entertainment Corp. reported a $48.4 million dollar loss in its third financial quarter and announced a financial adviser had been hired to possibly sell one of its core racetracks.
Thursday, November 06, 2008
Adena Springs' Frank Stronach went to $1.25 million to acquire grade I winner Lady Joanne in foal to Mr. Greeley to kick start the second session of the 2008 Keeneland November breeding stock sale Nov. 4 at the Central Kentucky auction house.
Tuesday, November 04, 2008
Frank Stronach's Adena Springs Farm will conduct a sale of 2-year-olds in training in March of 2009. Adena Springs' representatives had previously announced a decision to discontinue the auction earlier this year.
Friday, October 31, 2008
The Ocala Breeders' Sales Company's 2009 February select sale of 2-year-olds in training has been rescheduled for Feb. 17 in Central Florida, and the Adena Springs sale of 2-year-olds in training has been added to the 2009 lineup and is scheduled for March 16.
Wednesday, October 29, 2008
With three Breeders' Cup contenders, Frank Stronach's Adena Springs will attempt to surpass the earnings of Allen Paulson to rank first on the list of leading Breeders' Cup breeders by money won.
Tuesday, October 21, 2008
San Francisco-based institutional investor Farallon Capital Managment and technology entrepreneur Halsey Minor are separately asking MI Developments Inc. for a major financial shake-up of racing conglomerate Magna Entertainment Corp. MID is the controlling shareholder of the debt-laden racetrack owner.
Monday, October 20, 2008
Adena Springs Farm has purchased a majority interest in the breeding rights of multiple grade I winner Tiago from the colt's owner and breeder, Ann and Jerry Moss.
Thursday, October 16, 2008
Magna Entertainment Corp. has formally adopted a company-wide policy promoting the humane treatment of racehorses, the company announced Oct. 10.
Friday, October 10, 2008
Shares of Magna Entertainment Corp. plummeted by more than 50% on heavier than average volume Sept. 30, prompting more concern for the owner of the site of next month's Breeder' Cup World Championships.
Tuesday, September 30, 2008
Frank Stronach's Adena Springs operation has canceled the 2008 edition of its annual broodmare sale. The auction, which featured mares in foal to Adena Springs stallions, had been held for 11 consecutive years previously.
Monday, September 22, 2008
Magna Entertainment Corp., in a statement issued the evening of Aug. 28, acknowledged it is having discussions with the Thoroughbred Horsemen's Group on what company chairman Frank Stronach called "a new framework" for pari-mutuel economics.
Friday, August 29, 2008
A long-time adversarial shareholder of MI Developments has asked the parent company of Magna Entertainment Corp. to re-examine its interest in the racing and gaming entity, calling MEC a "failed" business enterprise.
Wednesday, August 27, 2008
Magna Entertainment Corp. has announced it has reached an agreement to sell land once designated by its founder for racetrack development in Ocala, Fla., for $16.5 million.
Tuesday, August 12, 2008
The head of Magna Entertainment Corp. said Aug. 6 a majority interest of Santa Anita Park could be sold to help the racetrack company reduce its staggering debt load.
Wednesday, August 06, 2008
Adena Springs has canceled its juvenile sale for 2009, but is selling 217 yearlings this year at sales conducted by Fasig-Tipton, Keeneland, and the Ocala Breeders' Sales Co.
Saturday, August 02, 2008
Hialeah Park owner John Brunetti is looking forward to meeting with prospective buyer Halsey Minor about what he calls multiple "hurdles" to returning racing to the historic track that last held a meet in 2001.
Thursday, July 31, 2008
Florida's only harness track and several Thoroughbred industry executives are making plans for Quarter Horse racing, with potentially lucrative poker rooms serving as part of the attraction.
Thursday, July 24, 2008
A New York investment company and affiliates have lost their appeal of a shareholder oppression lawsuit they originally filed against the parent company of Magna Entertainment Corp., with the Canadian judges affirming lower-court awarded indemnity costs of $2.1 million.
Friday, July 11, 2008
The parent company of Magna Entertainment Corp. has called off a scheduled July 24 shareholder meeting to vote on a complex reorganization plan that has raised the ire of some large stakeholders.
Sunday, June 29, 2008
Eric Hamelback, who has been with Frank Stronach's Adena Springs twice during his career, has been named general manager of the Kentucky property.
Wednesday, June 25, 2008
Harlem Rocker, decisive winner of the Withers Stakes (gr. III) and fourth in the Plate Trial this season, will not contest the June 22 Queen's Plate (Can-IR) at Woodbine.
Sunday, June 15, 2008
Harlem Rocker, regarded as one of the top 3-year-olds in North America and briefly under consideration for the Preakness Stakes (gr. I), failed in his first two-turn test June 1 at Woodbine. The son of Macho Uno finished a well-beaten fourth in the $150,000 Plate Trial Stakes.
Sunday, June 01, 2008
Undefeated in three starts and considered by some as one of the most promising 3-year-olds in North America, Frank Stronach's highly-touted Harlem Rocker will face seven rivals in the $150,000 Plate Trial Stakes June 1 at Woodbine.
Friday, May 30, 2008
Big Brown's task just got a little - or a lot - easier with the decision of Harlem Rocker's owner Frank Stronach to bypass Saturday's Preakness Stakes (gr. I) and await the $1-million Queen's Plate at Woodbine June 22.
Monday, May 12, 2008
The Florida Legislature ended its annual two-month session May 2 without passing two slot machine bills that were sought by the Thoroughbred industry.
Monday, May 05, 2008
