Keyword: Frank Stronach

  • The main-track surface choice at Santa Anita can be made now that the meet has ended.

    Santa Anita's Track Decision Due in May

    Now that the Santa Anita winter meeting has ended, work can begin in earnest on the choice of main-track surface. Following a comprehensive series of tests on the current main track, a decision is probable sometime in May, Santa Anita president Ron Charles said April 22.

  • Hip 273, colt; Macho Uno - Enterprizing Cat, brought a final bid of $250,000 at the OBS spring sale of 2-year-olds in training opening session.

    Macho Uno Colt Brings $250,000 at OBS

    A Macho Uno colt topped the opening session of the Ocala Breeders' Sales Co. (OBS) spring sale of 2-year-olds in training Monday in Central Florida, bringing $250,000 from Terri Pompay, who was acting on behalf of Klaravich Stable.

  • MEC Gets Extension on $40-Million Loan

    Magna Entertainment Corp. has been granted a one-month extension on a $40-million loan that was due to mature March 31, a credit agreement that is secured by the assets of the company's Golden Gate Fields and Santa Anita Park.

  • Proposal: MEC Parent to Sell Interest

    The parent company of Magna Entertainment Corp. has announced a proposal that would result in the sell-off of its controlling investment in the racing company to entities affiliated with company founder Frank Stronach.

  • The Adena Springs Sale topper was bought by a partnership that includes University of Louisville basketball coach Rick Pitino.

    A.P. Indy Colt Tops Adena Springs Sale

    A strapping A.P. Indy colt topped the seventh annual Adena Springs sale of 2-year-olds in training Monday, bringing $380,000 during the Central Florida auction that was conducted by the Ocala Breeders' Sales Co. (OBS) for the multiple Eclipse Award-winning operation headed by Frank Stronach.

  • Adena Springs Sale Set for Monday

    Buyers will get an opportunity to acquire young horses from Frank Stronach's multiple Eclipse Award-winning program when the Ocala Breeders' Sales Co. conducts the Adena Springs sale of 2-year-olds training Monday.

  • MEC's Parent Company May Step in Again

    The parent company of Magna Entertainment Corp. says the racing and gaming company needs to sell off assets as quickly as possible to drive down debt, and may not be able to repay loans that are set to expire in May.

  • 'Groundhog Day:' MEC Losses Mount

    With one analyst tagging the proceedings "Groundhog Day," Magna Entertainment Corp. announced Feb. 29 more losses during a short, testy conference call that discussed year-end financials for 2007.

  • Ginger Punch dominates the Sunshine Millions Distaff.<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D3398698%26ref%3Dstory">Order This Photo</a>

    Ginger Punch Romps in Distaff

    Stronach Stables' Ginger Punch proved why she is a champion against an overmatched field Jan. 26 at Gulfstream Park, romping by 6 3/4 lengths in the $500,000 Sunshine Millions Distaff.

  • Eclipse Breeder: Adena Springs

    As a result of finishing 2007 as the leading breeder by earnings for the fifth consecutive year, Frank Stronach's Adena Springs was voted the outstanding breeder of the year for a record fifth time.

  • Orr Wins Judgment Against MEC

    Former Magna Entertainment Corp. executive Graham Orr has won a $1.6-million judgment against his former employer in a wrongful dismissal case, according to a published report.

  • Charles Named COO of MEC

    Santa Anita Park president and chief executive officer Ron Charles has taken on additional duties with the parent company of the racetrack after accepting an appointment as chief operating officer of Magna Entertainment Corp., it was announced Jan. 7.

  • Adena Springs Tops Breeders' Lists

    Frank Stronach's Adena Springs heads the list of leading individual breeders in North America in 2007 with earnings of $18,055,772, according to statistics released Jan. 4 by The Jockey Club Information Systems.

  • Jess Jackson, co-founder of HOPA

    HOPA Reorganizes Board, Focus

    The Horse Owners' Protective Association, an industry advocacy group that was formed in part by activist owner Jess Jackson, has announced a reorganization of its board and an expanded focus of its mission.

  • Citronnade went out a winner in Sunday's Dahlia (gr. IIT) at Hollywood Park.

    Grade I Winner Citronnade Retired

    Frank Stronach, who will finish the year as the leading North American breeder and owner by earnings, has retired his grade I-winning filly Citronnade.

  • Chris Dragone

    Raffetto Out, Dragone in at MJC

    The Maryland Jockey Club announced Nov. 28 that president and chief operating officer Lou Raffetto Jr. will be leaving effective immediately to pursue other opportunities, and that Chris Dragone, a former senior vice president and general manager at the MJC, will take over his duties.

  • Great Lakes Downs has drawn initial looks from racing interests.

    MEC Properties Listed for Sale

    Magna Entertainment's debt-reduction sale of what it deems excess assets is under way with at least four properties already listed with real estate agents.

  • Numbers up for Keeneland Session

    Buyers at the eighth session of the Keeneland November breeding stock sale kept things rolling Nov. 12, pushing the gross, average, and median towards positive gains in a session-to-session comparison over 2006.

  • Interim Magna CEO and Chairman Frank Stronach has put $20 million into the company recently.

    MEC Officials Promise to Keep Chipping Away at Debt

    Magna Entertainment blamed the weak performance of its slots operation at Gulfstream Park Racing & Casino as a key to another in a series of poor financial quarters, as the company announced a $49.8 million net loss ending Sept. 30.

  • Ruffian winner Ginger Punch will be the favorite in the Beldame.<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D2210028%26ref%3Dstory">Order This Photo</a>

    Ginger Punch Spices Up Beldame Field

    Trainer Bobby Frankel said he isn't thinking about the Breeders' Cup Championships as much as the Sept. 30 Beldame (gr. I) at Belmont Park. The Frankel-trained Ginger Punch, a 4-year-old, will be the favorite in the Beldame, a 1 1/8-mile dirt race for fillies and mares.

  • Magna Entertainment Ready to Take 'Drastic Action'

    Magna Entertainment Co. announced "disappointing" second-quarter earnings Aug. 9 that included a $23.4-million loss during the period, and outlined new initiatives to help reduce mounting debt that has haunted the racetrack operator.

  • Ray Paulick<br>Editor-in-Chief

    Commentary: Stables and Stability

    <i>By Ray Paulick</i> - The revolving door at Magna didn't start with Neuman. Since Stronach formed Magna Entertainment in February 2000, there have been six CEOs.

  • Citronnade, with David Flores up, wins the Beverly Hills Handicap, Sunday at Hollywood Park.&lt;br&gt;&lt;a target=&quot;blank&quot; href=&quot;http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D1580560%26ref%3Dstory&quot;&gt;Order This Photo&lt;/a&gt;

    Citronnade Wins Punchless Beverly Hills

    If there was any hope for Citronnade's four opponents in $150,000 Beverly Hills Handicap (gr. IIT) on the turf at Hollywood Park, it was that the Bobby Frankel trained filly had never run as far as Sunday's 1 1/4-mile distance. It hardly mattered when the smooth striding bay dominated every step of the way to win by 2 1/2 lengths.

  • Frank Stronach at the California Horse Racing Board meeting, Tuesday, June 19th.

    Stronach Tells CHRB He'll Use $24M on Upgrades

    Trying to undo the negative fallout over comments by his company's new CEO, Magna Entertainment founder Frank Stronach pledged $24 million for installation of synthetic racing surfaces at Santa Anita Park and Golden Gate Fields as well as much needed refurbishing of the Santa Anita barn area.

  • Magna Packaging Properties to Drive Down Debt

    Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.

  • Corey Johnsen, has resigned his position with Magna Entertainment.

    Johnsen Resigns Magna Post; Joins Investors Acquiring Track

    Corey Johnsen has resigned as president of Magna Entertainment Corp. southern operations to join a group of private investors that is in the process of acquiring controlling interest of another North American racetrack.

  • Sugar Shake gives Bobby Frankel his first El Encino win since 1974.

    Sugar Shake Keeps Frankel Happy in El Encino

    All eyes were on trainer Bobby Frankel's British import Cantabria in the $150,000 El Encino (gr. II), but it was the Hall of Fame conditioner's other entrant - the Frank Stronach-owned filly Sugar Shake - that got the job done at Santa Anita Park Sunday.

  • Citronnade wins the San Gorgonio, Sunday on the Santa Anita turf.

    Citronnade Full of Zest in 'Gorgonio Romp

    Stronach Stables' homebred Citronnade was left alone on an easy lead and spurted away from her rivals in the stretch to win the $150,000 San Gorgonio Handicap (gr. IIT) for fillies and mares by three lengths Sunday on the Santa Anita Park turf course.

  • Council OKs Dixon Downs; Opponents Want Vote

    Dixon Downs, Magna Entertainment Corp.'s "dream track" for Northern California, got a giant step closer to reality the evening of Oct. 23. But a local group that opposes the project is pushing for a referendum on the project in 2007.

  • Golden Gate to Install Tapeta Surface

    Magna Entertainment Corp., announced Oct. 12 that Golden Gate Fields will install the Tapeta Footings, a synthetic racing surface on its main racetrack.

  • Magna, Caruso Announce Santa Anita Pacts

    Magna Entertainment Corp. and Caruso Affiliated announced Sept. 28 they have completed operating agreements for the proposed development of approximately 51 acres of undeveloped lands surrounding Santa Anita Park.