Magna Entertainment chairman and interim president Frank Stronach is taking racing by storm, and nowhere is his presence more visible than in California. His company owns Santa Anita Park and both of the major tracks in Northern California. He is proposing a new, state-of-the-art track on 225 acres in Dixon, Calif. to replace Bay Meadows. According to the Sacramento Bee, Stronach's California moves and attempt to influence the country's racing industry have drawn both praise and criticism.
John R. Gaines, the man who created the Breeders' Cup and also was behind the start-up of the National Thoroughbred Association, which many believe was the impetus for the formation of the National Thoroughbred Racing Association, delivered some pointed words to Magna Entertainment chairman Frank Stronach and the NTRA while accepting an award from the University of Arizona during its Racetrack Industry Program's Symposium on Racing last Thursday.
Frank Stronach's forum to discuss the major issues facing Thoroughbred racing will be Jan. 14. The forum was moved to avoid a conflict with the Keeneland mixed sale.
The head of Churchill Downs Inc., also an NTRA board member, has spearheaded the talks between the organization and the 22 racetracks that said they wouldn't renew their memberships.
Magna Entertainment chairman Frank Stronach, in an open letter to the Thoroughbred industry, has made recommendations for a revised National Thoroughbred Racing Association board of directors, and also has called for a public forum for all members of the industry to discuss the NTRA's future.
Magna Entertainment chairman Frank Stronach recently said Magna's racetracks would withdraw their membership from the National Thoroughbred Racing Association at the end of the year, joining 15 other tracks, including a coalition from the Mid-Atlantic region. Stronach took exception to a subsequent editorial in the Nov. 4 edition of The Blood-Horse suggesting he had "turned his back" on fellow owners and breeders through his decision, and he requested an opportunity to explain his position. He was interviewed by editor-in-chief Ray Paulick during the Keeneland sales on Nov. 8.
Despite the recent announcement that 22 racetracks intended to defect from the organization at the end of this year, the National Thoroughbred Racing Association said Thursday it maintains a solid core and will proceed with programs it considers key to the future success of the industry.
Magna Entertainment chairman Frank Stronach went two-for-three as a Thoroughbred owner in Saturday's Breeders' Cup at Churchill Downs with a couple of nail-biting finishes. But the real drama unfolded in the winner's circle after the Breeders' Cup Juvenile (gr. I), when Stronach was presented a trophy by National Thoroughbred Racing Association commissioner Tim Smith.
A meeting has been scheduled for Nov. 9 between Churchill Downs president Tom Meeker and representatives of 22 racetracks that have or will defect from the National Thoroughbred Racing Association as of Dec. 31. The 22 member tracks account for almost $2.5 million in annual NTRA dues.
From the West Coast to the East Coast, Frank Stronach is looking to increase his Magna Entertainment holdings.
A wrap-up of daily items of interest.
Racing and breeding news and information.
The price of Magna Entertainment's stock continued its recent spiral.
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