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View Full Version : I wonder if this guy is really all that qualified to touch anything....


PaceAdvantage
08-04-2006, 01:19 AM
Seriously, Stronach is starting to sound a bit desperate:

Stronach Touches on New York, Partnership With CDI (http://news.bloodhorse.com/viewstory.asp?id=34692)
Magna Entertainment Corp. chairman Frank Stronach indicated his company hopes to be involved in New York racing on some level, and that it also is working with Churchill Downs Inc. on projects that will benefit the two companies and the industry at large. Blood-Horse (http://news.bloodhorse.com/viewstory.asp?id=34692)"We have an interest (in New York) and are part of the bidding process, but we've made it quite clear the best proposal would include other partners," Stronach said. "I can't get you the details but we do hope to somehow be involved in New York racing in a minority position."Stronach said the partners could be real-estate concerns, casino companies, or "wealthy horsemen." He said simulcast signals from New York's major racetracks are very important to MEC, which is actively attempting to develop international platforms for United States racing.We know why you need other partners Frank.

Hey, why is it cash strapped NYRA can run the show but you, the mighty king of racing, need to partner with another major racing organization just to run little ol' NY racing? I don't get it....

But then again, I have to ask, are you really qualified to run anything in NY?

http://chart.finance.yahoo.com/c/my/m/meca

That looks more like an EKG than it does a 5+ year chart of Magna Entertainment Corp....my money would have been better off in a regular savings account.

Indulto
08-04-2006, 02:12 PM
Churchill, Magna to join on New York bid By MATT HEGARTY
http://www.drf.com/news/article/77155.html (http://www.drf.com/news/article/77155.html)


‘The partnership will bring together two publicly traded companies that together own some of the most prominent tracks outside of New York and hold two of the three Triple Crown races. Although the companies are considered competitors, the two reached an agreement earlier this year on a television service that beams North American races into homes in England and Ireland.

"CDI and MEC share a common view regarding the importance of New York racing to the overall success of hose racing in North America," the two companies said in a joint statement.’