Frank Stronach

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Magna Membership Hinges on Breeders' Cup Board

Though he made no commitment to rejoin the National Thoroughbred Racing Association during a Sunday morning forum, Magna Entertainment chairman Frank Stronach said he'll be back in if the NTRA and Breeders' Cup, now joined in a strategic partnership, pledge to democratically elect officers. Stronach also indicated he would be willing to represent Magna on the NTRA board should his tracks rejoin.

McAlpine Appointed Magna President/CEO

Magna Entertainment Corp. appointed its third president and chief executive officer within a year. The Magna board appointed Jim McAlpine today as the company's president and chief executive officer. McAlpine was executive vice president of non-automotive affairs for Magna International, MEC's parent company and automotible parts manufacturing company founded by MEC chairman Frank Stronach.

Resolution May Be Near in Magna-NTRA Conflict

A Sunday evening meeting between Magna chairman Frank Stronach and members of the National Thoroughbred Racing Association board of directors was called "constructive" and could lead to a resolution within two weeks, officials said in a joint statement released Monday. Magna's seven racetracks were among the 22 that defected from the NTRA in late October. "There was give and take on a number of topics," the statement said. "We did not agree on every issue, but...the participants confirmed their strong mutual commitment to advancing the interests of horseracing. We are optimistic about the prospects of working together in the future with Magna's racetracks as members of the NTRA."

Stronach All Alone At Top of Owners' List

Frank Stronach has been viewed as everything from a maverick to a bit of a tyrant in North American racing circles this past year. Just about the only place Stronach wasn't looked upon as a rogue was on the track, where even his harshest critics couldn't fault his success. From January to December, 764 starters wearing the familiar black silks with the red and gold Adena Springs Farm logo won 163 races and earned $11,198,225, giving him his third consecutive leading owner title by money won. Stronach topped the leading owner list in 1999 with $6,221,147. In 1998, he stopped a three-year streak by the late Allen Paulson with $7,221,416 in earnings.

Gaines Calls For Stronach to Terminate or Delay Forum

Magna chairman Frank Stronach's Jan. 14 open forum to discuss the National Thoroughbred Racing Association's future "should be terminated or at least delayed" if Stronach isn't willing to establish a structure and set an agenda for the session, John Gaines told the Kentucky Thoroughbred Farm Manager's Club Tuesday night in Lexington.

Stronach Won't Change Plans for Gulfstream Forum

Magna Entertainment (MEC) chairman Frank Stronach said on Wednesday he has no plans to cancel the open forum he has scheduled at Gulfstream Park on Jan. 14, dismissing the suggestion made Tuesday night by breeder John Gaines in a speech at a regularly scheduled meeting of the Kentucky Thoroughbred Farm Managers' Club in Lexington, Ky.

Gaines to Address Kentucky Farm Managers Club

Breeder John Gaines, who delivered some pointed remarks toward Magna Entertainment chairman Frank Stronach and the National Thoroughbred Racing Association during an awards banquet in Arizona earlier this month, will be the guest speaker on Tuesday, Jan. 2, at the monthly meeting of the Kentucky Thoroughbred Farm Managers' Club.

Magna Gets Call-A-Bet System, Track in Ladbroke Deal

Magna Entertainment, the growing racetrack company run by Frank Stronach, has entered into an agreement with Ladbroke Racing and a subsidiary to purchase Ladbroke's Pennsylvania-based account wagering system ("Call-A-Bet"), the Meadows harness track, and four off-track betting facilities, plus an interest in the Racing Network satellite TV channel.

Examining the Enigmatic Frank Stronach

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.

Straight Talk From Gaines on Stronach, NTRA

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.

Stronach Forum Rescheduled

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.

Stronach Pushing For Forum to Discuss NTRA's Future

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.

Stronach Defends Position on NTRA, Offers Views on Industry

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.

NTRA Bullish; Hubbard Calls for Toughness

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.

Breeders' Cup Drama: Juvenile Trophy Presentation

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.

Meeting Set Between Meeker, NTRA Defectors

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.

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