The Reuters News Service is reporting that owner-breeder Frank Stronach is working out a deal in which he would relinquish control of his real estate company in exchange for some of its racetrack assets.
The co-owner of Maryland's race tracks is trying to secure a deal that would provide 140 days of live racing in 2011.
Gulfstream Park on Dec. 16 announced its 2011 wagering menu that will include its first Pick 5, with a 50-cent minimum bet, and a major reduction of its Pick 6 minimum bet from $2 to 10 cents.
The head of the company that co-owns Pimlico Race Course and Laurel Park said Dec. 2 that he will try to break the impasse threatening the future of the Preakness Stakes (gr. I) when he travels to Maryland next week.
Though overall figures were down for the Keeneland November breeding stock sale that ended Nov. 20, the results were encouragingly good considering ongoing weakness in the horse industry and the economy at large.
Prominent Thoroughbred breeder-owner Frank Stronach has taken over as chief executive officer of MI Developments, the racetrack operating company of which he is already chairman.
MI Developments received two waivers from the California Horse Racing Board Nov. 9 allowing it to move forward with the operation of Santa Anita Park and Golden Gate Fields and complete its new dirt track at Santa Anita.
Halsey Minor has made an offer to buy all MI Developments assets for $300 million to $320 million.
Awesome Again, who stands at Frank Stronach's Adena Springs near Paris, Ky., will stand for the same $50,000 fee in 2011 that he stood for in 2010.
Adena Springs, owned by Frank Stronach, has chosen Chad Brown as the new trainer of Awesome Feather, the Grey Goose Breeders' Cup Juvenile Fillies (gr. I) winner it bought for $2.3 million.
Grey Goose Breeders' Cup Juvenile Fillies (gr. I) winner Awesome Feather is the Kentucky auction's top seller, bringing $2.3 million.
Two days after winning the Breeders' Cup Juvenile Fillies (gr. I), undefeated Awesome Feather sold for $2.3 million Nov. 7, early during the Fasig-Tipton Kentucky November select mixed sale in Lexington.
Frank Stronach has added considerable strength to his Canadian stallion roster. Headlining the group is English champion North Light, the only Epsom Derby (Eng-I) winner standing in North America.
Joe and Anne McMahon will stand five Adena Springs' stallions in 2011 at their McMahon of Saratoga Thoroughbreds near Saratoga Springs, N.Y.
Removal of Santa Anita's synthetic surface began Oct. 11 as the first step in replacing it with a dirt surface. Track officials are close to deciding the mix of materials to be used as the surface material.
The auction formerly was conducted at Calder Casino & Race Course.
MI Developments has appointed Timothy Ritvo, a veteran trainer in Florida and several Northeast states, to the new position of vice president of racing for the East coast.
An entity controlled by the family of Frank Stronach has offered to purchase any or all of the outstanding stock it doesn't already own in racetrack operating company MI Developments.
While track officials and horsemen make their final decisions on the composition of Santa Anita's new dirt racing surface, crews are to begin removal of the existing Pro-Ride synthetic material Oct. 11.
MI Developments Inc. announced Aug. 27 a bonus program involving tracks owned by the company that could result in a $5.5 million bonus for the winner of the 2011 Preakness Stakes (gr. I).
Breeders' Cup chat looks at dirt at Santa Anita, Jerry Hollendorfer and Blind Luck, and weekend racing. Read Blog
The Oak Tree Racing Association appears to be on the move once again after horsemen refused to go along with holding the fall meeting at Santa Anita over concerns with the main track's condition.
Frank Stronach, chairman of MI Developments and owner of Santa Anita Park and Golden Gate Fields, has called a meeting with California horsemen Aug. 18 at Del Mar Surfside Race Place, the track's simulcast wagering facility.
Hollywood Park plans to race through the 2011 calendar year, track president Jack Liebau said.
Citing the American concept of free enterprise, the owner of Santa Anita and Golden Gate racetracks is seeking more dates and the right to choose when to conduct live racing.
Thoroughbred racing in California remained uncertain about the future following a state horse racing board meeting July 22 in which major track owner MI Developments refused once again to provide a glimpse of its plans.
With this year's Queen's Plate at Woodbine Racetrack having turned into a wide open affair, hunch players might look no further than the royally bred Mobilizer in the July 4 Canadian classic.
A day after the Oak Tree Racing Association received a one-year reprieve from its landlord at Santa Anita Park, its executive vice president said he's working on a long-term lease arrangement for the autumn meet at Del Mar.
The chief executive of the company that now owns Santa Anita Park said installation of a new main track would prevent Oak Tree from using the facility in 2010.
Nappelon, dam of 2007 champion Ginger Punch, died May 31 in Central Kentucky.
Why does Frank Stronach still want to own tracks in California? Read Blog
The California Horse Racing Board got an opportunity to address recent actions of the state's newest track owner, MI Developments, at its May 20 meeting.
Ron Charles, who has served as president of Santa Anita's Los Angeles Turf Club since 2004, has resigned. His last day will be May 19.
Magna International chairman Frank Stronach has agreed to allow shareholders to vote on eliminating his family's special rights and adopt a single class of stock for the auto parts company.
- By Tom LaMarra
A Delaware Bankruptcy Court judge April 26 confirmed a reorganization plan submitted by Magna Entertainment Corp., parent company MI Developments, and a committee of unsecured MEC creditors.
Bahia Beach topped the ninth annual Adena Springs sale of 2-year-olds in training, bringing $115,000 April 18 in Central Florida.
- By Tracy Gantz
Frank Stronach will meet with owners and trainers in California trying to change the framework under which racetracks operate.
Former president of the Maryland Jockey Club heads group that seeks to purchase the MJC from a bankrupt Magna Entertainment Corp.
Popular 8-year-old won 11 of 30 starts including four grade I races.
Frank Stronach's Adena Springs Farm announced Jan. 16 that Einstein, a multiple grade I-winning millionaire, has been retired from racing and will stand the 2010 breeding season at Adena Springs in Paris, Ky.
Gross and average rise, but results for overall sale remain down.
Frank Stronach, owner of Adena Springs and chairman of Magna Entertainment, paid $1.085 million for Miss Isella, a grade II-winning daughter of Silver Charm and a half-sister to grade II winner Sir Cherokee.
Creditors of Magna Entertainment Corp. have apparently reached an agreement that will end the racetrack operating company's bankruptcy case.
Einstein will return to the track in 2010 for at least one more race, this according to Adena Springs general manager Eric Hamelback.
- By Steve Haskin
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.
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.
- By Jack Shinar
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.
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.
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.
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.
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