Frank Stronach

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Macho Uno Questionable For Ohio Derby

Last year's 2-year-old male champion Macho Uno, who was being pointed toward Saturday's $300,000 Ohio Derby (gr. III) at Thistledown is questionable for the race after suffering a minor bout of colic Saturday night. If he bypasses the Ohio Derby, the $1 million Jockey Club Gold Cup (gr. I) to be run one week later at Belmont Park is being considered as his next start.

NYRA to Support VLT Legislation; Schwartz Rips Stronach

At a press conference at Saratoga Race Course on Wednesday, New York Racing Association chairman Barry Schwartz announced that the board of trustees of the NYRA agreed to support the introduction of video lottery terminals at Aqueduct and Belmont Park under conditions that would further the racing industry in New York State.

Report: Stronach Wouldn't Mind Owning NYRA

Less than a week after Magna Entertainment was tapped as the winning bidder for New York City Off-Track Betting Corp., the company's chairman, Frank Stronach, said he would like to add the New York Racing Association franchise to his portfolio.

It's Official! Magna Is Winning Bidder For NYCOTB

Setting the stage for a nasty battle between two racing giants, New York City Mayor Rudolph Giuliani Thursday afternoon tapped a group led by Frank Stronach's Magna Entertainment over the New York Racing Association as the winning buyer of the lucrative New York City Off Track Betting Corp.

Breeders' Cup Makes Change in Election System

Breeders' Cup has announced it received approval from its board of directors for proposed changes to the system used to elect board members. The change stems from a request by Magna Entertainment chairman Frank Stronach and was tied to his racetracks' membership in the National Thoroughbred Racing Association.

NYRA Employees Indicted; Giuliani Cancels News Conference

NYRA Employees Indicted; Giuliani Cancels News Conference

Four New York Racing Association employees have been indicted as part of a probe by state investigators into an alleged money laundering operation. New York City Mayor Rudolph Giuliani cancelled an 11 a.m. news conference at which he was to announce a group led by Magna Entertainment had won the purchase rights to the New York City Off Track Betting Corp.

Magna May Have NYC-OTB Inside Track

Magna May Have NYC-OTB Inside Track

New York's top Democrat in the state Legislature said New York City Mayor Rudolph Giuliani has told him the city government is inclined to sell its massive off track betting operation to a consortium of racing interests headed by Magna Entertainment.

Paper Reports Stronach Interest in Proposed Ocala Track

The Ocala Star-Banner has reported that Magna Entertainment chairman Frank Stronach has asked to meet with members of the Ocala City Council about possible plans to build a racetrack in the Central Florida city. Two meetings reportedly scheduled with Stronach and Steve Gray, a local attorney representing him, were postponed.

Magna Closes $6.3-Million Land Deal in NoCal

Without fanfare, Magna Entertainment completed its purchase of a Sacramento Valley site for a new home for its Bay Meadows Race Course. Magna closed a $6.3-million deal on 226 acres of freeway-side property in Dixon, located about 19 miles west of Sacramento on Interstate 80.

Bailey's Belmont Mount in Stronach's Hands

Bailey's Belmont Mount in Stronach's Hands

It looks as though Thunder Blitz' connections, trainer Joe Orseno and owner Frank Stronach, control the destiny of who rides not only their own horse in the Belmont Stakes, but Dr Greenfield as well. If Stronach, who will make the final decision, replaces Edgar Prado with Jerry Bailey for the mile and a half classic, then Prado will land the mount on Dr Greenfield. If he decides to stick with Prado, then Bailey will ride Dr Greenfield.

Magna Eyeing Four U.S. Tracks, Another in Ontario

Magna Entertainment chairman Frank Stronach told shareholders May 11 that he plans to buy four more racetracks in the United States. He said he hopes the racing conglomerate will control 35% of the U.S. handle on Thoroughbred races within two years. Stronach is also considering breaking into the Ontario racing market.

Meeker: No Collusion on Florida Racing Dates

Meeker: No Collusion on Florida Racing Dates

In an April 17 letter to Hialeah chairman John Brunetti, Tom Meeker, president and chief executive officer of Churchill Downs Inc., flatly denied allegations of collusion with Magna Entertainment Corp. in their filings for 2002 racing dates for their Florida properties. Churchill Downs owns Calder Race Course, and Magna Entertainment owns Gulfstream Park.

Magna: 'Show Me State' Ripe With Possibilities

Magna Entertainment is on the move again, this time in Missouri, where pari-mutuel wagering is legal but no racetracks have been built. A bill co-sponsored by nine legislators has been introduced in the House and Senate, where it could be discussed this week. The legislation spells out the powers of the racing commission, a requirement that at least 50 days of live racing be held, and a mandate that a capital investment of at least $25 million be made to build a track.

Magna Finishes $53 million Ladbroke Deal

Magna Entertainment has completed a deal to acquire an account wagering system, The Meadows harness track, four off-track betting parlors, and an 18% interest in The Racing Network for $53 million in cash, stock, and a promissory note.

Preakness Winner Red Bullet on Comeback Trail

Preakness Winner Red Bullet on Comeback Trail

Red Bullet, winner of the Preakness Stakes last year, has started back in light training at owner Frank Stronach's Adena Springs Farm in Ocala, and could be ready to return to the races by August at Saratoga. Farm trainer Danny Vella said the son of Unbridled is coming along great after suffering what was believed to be a hairline fracture last summer.

Stronach's Daughter Vice Chair at Magna International

Belinda Stronach, the 34-year-old daughter of Magna International chairman Frank Stronach, has been named chief executive officer and vice chairwoman of the company. Magna International reported a 6% decline in fourth-quarter earnings from the year-earlier period. Revenue climbed 6%.

Magna Reports $9.2 Million Fourth Quarter Loss

Magna Reports $9.2 Million Fourth Quarter Loss

Magna Entertainment, the racetrack company chaired by owner-breeder Frank Stronach, reported Monday a net loss of $9.2 million during the fourth quarter of 2000. For the year, the company reported net income of $441,000 on revenue of $413.6 million. The fiscal year profit was a reversal from 2000, when Magna posted a $62,000 loss; the 2000 fourth quarter loss was $3-million.

Macho Uno Could Be Back By Summer

Stronach Stable's Macho Uno will not make it to the May 5 Kentucky Derby (gr. I), but he will not require surgery to get back to the racetrack. Last year's 2-year-old champion and Breeders' Cup Juvenile (gr. I) winner apparently is sore from bone-density immaturity.

NTRA, Breeders' Cup OK $54M Operating Budget

NTRA, Breeders' Cup OK $54M Operating Budget

With a spending plan in place for 2001, the National Thoroughbred Racing Association and the Breeders' Cup now are looking closely at the efficiencies of an Oregon wagering hub operated by NTRA Services. The Friday meeting in South Florida marked the first for a new 15-member board. Magna Entertainment's Jim McAlpine sat in for Magna chairman Frank Stronach, who missed what would have been his first board meeting.

Magna Continues With Plans For New California Track

Before heading to New Orleans to accept his four Eclipse Awards, Frank Stronach paid another visit to Dixon, Calif., a possible location for the new home of Bay Meadows.
Last week, Stronach requested a meeting with new Dixon Mayor Mary Ann Courville and Vice Mayor Gil Vega to pitch his dream track again. "It was a very good meeting, productive and friendly," said Dixon city manager Warren Salmons.  "They rolled out a plan for us to look at . They wanted to let us know that they're still seriously interested."

Eclipse Awards: Tiznow and the Mayne Event

On a night of comedic one-liners, most of them from the hilarious emcee, Kenny Mayne, National Thoroughbred Racing Association commissioner Tim Smith said the single phrase most of the 500 people attending Tuesday's 30th annual Eclipse Awards dinner at the Saenger Theatre in New Orleans, La., were waiting to hear. When he opened the envelope containing the name of the Horse of the Year for 2000, Smith said simply: "Congratulations California, it's Tiznow."

Changing History

By Dan Liebman -- When Macho Uno made his first three starts last year, he was a 2-year-old colt by Holy Bull bred in Kentucky by Stronach Stables. When Perfect Sting made her first 18 starts, she was a filly by Red Ransom bred in Kentucky by Frank H. Stronach. But when each won a Breeders' Cup race at Churchill Downs last Nov. 4, something had changed.

Registration Changes Bolster Adena Springs

Last fall, most horses bred by Frank Stronach in his name or that of Stronach Stables were changed to have the breeder listed as Adena Springs. The change pushed Adena Springs to second on the year-end list of leading breeders with $9,929,737, behind Harry T. Mangurian Jr., who bred the earners of $10,757,845 in 2000. The list, compiled by The Jockey Club Information Systems, is for North American-based horses only.

Magna Gives NTRA Two-Year Commitment

Magna Gives NTRA Two-Year Commitment

Ten days after a private meeting with several members of the National Thoroughbred Racing Association board of directors and three days after holding an open forum at Gulfstream Park, Magna Entertainment chairman Frank Stronach announced Wednesday in a joint statement with the NTRA that the Magna racetracks will be rejoining the NTRA with a two-year commitment, effective immediately.

NTRA-Magna Joint Statement on Membership Commitment

A joint statement from Magna Entertainment Corp., and the National Thoroughbred Racing Association, announces Magna's decision to rejoin the NTRA with a two-year commitment after the NTRA has committed to changes in how the organization is governed.

Magna Membership Hinges on Breeders' Cup Board

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

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

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

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 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.

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