takeout
07-02-2010, 10:03 AM
[snip]
Equibase is a for-profit company co-owned by the non-profit Jockey Club and Thoroughbred Racing Associations of North American member tracks. Since its launch in 1990, Equibase’s owners have received tens of millions of dollars in dividends, but the finances of this “industry owned” company are not available to the industry at large.
[snip]
http://www.paulickreport.com/blog/equibase-even-racing-commissions-have-to-pay-for-info/
I didn’t realize Equibase was a for-profit company. So this is just the Form all over again, right? And how can a non-profit own part of a for-profit? :confused:
Equibase is a for-profit company co-owned by the non-profit Jockey Club and Thoroughbred Racing Associations of North American member tracks. Since its launch in 1990, Equibase’s owners have received tens of millions of dollars in dividends, but the finances of this “industry owned” company are not available to the industry at large.
[snip]
http://www.paulickreport.com/blog/equibase-even-racing-commissions-have-to-pay-for-info/
I didn’t realize Equibase was a for-profit company. So this is just the Form all over again, right? And how can a non-profit own part of a for-profit? :confused: