Prominent Thoroughbred owner-breeder Halsey Minor, who also had expressed interest in becoming a track owner, filed for Chapter 7 bankruptcy May 24.
Halsey Minor has made an offer to buy all MI Developments assets for $300 million to $320 million.
Minor lawsuit contends city of Hialeah, not Brunetti, owns Hialeah Park.
Hialeah Park probably will begin Quarter Horse racing in 2010 only if the Florida Legislature makes three major changes in state racing laws, the track's owner John Brunetti said April 15.
Technology entrepreneur Halsey Minor said on April 3 that he has submitted a bid to Magna Entertainment Corp. under which he would buy substantially all of that bankrupt company's assets except Gulfstream Park in Hallandale Beach, Fla.
Multiple grade I winner Dream Rush has been retired from racing to become a broodmare.
A longtime adversarial shareholder in MI Developments has blasted the latest reorganization proposal to spin-off subsidiary Magna Entertainment Corp., a plan which includes $75 million in funding for a potential slots parlor at Laurel Park in Maryland.
Technology entrepreneur Halsey Minor on Feb. 9 filed a civil suit that maintains John Brunetti, by not holding racing at Hialeah Park since 2001, is in default on agreements under which he purchased the historic race track.
Two-time grade I winner Dream Rush added Tampa Bay Downs' $65,000 Minaret Stakes to her impressive record, though she had to hold off Rising Fever in the final strides for neck victory Jan. 3.
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.
John Brunetti has rejected technology entrepreneur Halsey Minor's first official offer to buy Hialeah Park.
Technology entrepreneur Halsey Minor has sent Hialeah Park owner John Brunetti a plan on the potential cost of rebuilding and operating the race track.
Prospective Hialeah Park buyer Halsey Minor has sent consultants and accountants to examine the closed racetrack, and Minor and Hialeah owner John Brunetti say they are planning more talks on a possible sale.
Hialeah Park owner John Brunetti and prospective buyer Halsey Minor held their first meeting Aug. 6, with Brunetti later saying "we will have another meeting to see if our common interests are strong enough to continue going forward."
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.
Halsey Minor has a dream. The technology entrepreneur, multimillionaire, and Thoroughbred owner wants to purchase, renovate, and return racing to historic Hialeah Park, the Southern Florida track that has been closed since 2001.
Dream Rush, caught by Looky Yonder in the stretch during the Vagrancy Handicap (gr. II) at Belmont May 25 at 4-5, figures to to be the one beat again Saturday in her second start off a layoff in the six-furlong Princess Rooney Handicap (gr. I) at Calder Race Course.
Most Popular Stories
- Top Stallion Street Cry Dead at Age 16
- Keeneland September Sale Gains Continue
- Somber Mood Hangs Over Suffolk Downs
- Fair Grounds to Withhold Millions from Purses
- Moro Tap to Double Infinity Ranch in Texas
- Artemis Agrotera Heads Gallant Bloom
- Miss Behaviour Targets Charles Town Oaks
- Is PA Derby Best Spot for 'Chrome'?
- California Chrome Draws Rail in PA Derby
- No Dice for Massachusetts Racing, Breeding