Halsey Minor makes bid for MI Developments properties; Promises infusion of technolog

[andymays]

http://www.paulickreport.com/blog/halsey-minor-makes-bid-for-mi-developments-properties-promises-infusion-of-technology/

Excerpt:

In a letter to the Special Committee of MI Developments’ Board of Directors, Minor Racing made an all-cash offer, subject to customary due diligence, of $150 million to $170 million for Santa Anita Park, Golden Gate Fields, Portland Meadows, Maryland Jockey Club, Amtote, XpressBet and HRTV. Additionally, Minor Racing offered to acquire Gulfstream Park, Palm Meadows and all other Florida-based racing assets for an additional $150 million.



[JustRalph]

I wish he would just start with one or two nice tracks and show us what he can do. We don't need a brand new version of Frankie. I love C-Net and always have.......but they have a reputation in Tech Circles of being big talkers and short on action. C-Net lost many good employees over the last three years.

Does this guy even run Cnet anymore?

[beertapper]

appreciate the interest the guy has... but is technology going to be the saviour for racing? don't think so...there are a ton of other issues that need to be addressed too

[Grits]

Halsey Minor's made a bid for everything but the Empire State Building. He hasn't followed through with any of 'em yet. All talk. Ask about the guy around Charlottesville, Va, his project there, and how well they think of him.

[ukbro00]

He's offering half of what Stronach offered for the same exact package.

[Fingal]

Before one gets too excited, remember what Frank Stronach promised when he bought Santa Anita, $6 admission that would be rebated through a $2 betting voucher & a $4 food voucher. We're still waiting for that one.

[onefast99]

I wish he would just start with one or two nice tracks and show us what he can do. We don't need a brand new version of Frankie. I love C-Net and always have.......but they have a reputation in Tech Circles of being big talkers and short on action. C-Net lost many good employees over the last three years.

Does this guy even run Cnet anymore?
He sold his stake in the company and has hit a few lows recently, financially.

[Indulto]

http://www.vancouversun.com/business/Minor+Racing+Bids+Horse+Racing+Assets+Developments/3801360/story.html#ixzz14rxJNCgf (http://www.vancouversun.com/business/Minor+Racing+Bids+Horse+Racing+Assets+Developments/3801360/story.html#ixzz14rxJNCgf)
Minor Racing Bids for Horse Racing Assets of MI Developments
Minor Racing LLC today offered to purchase substantially all of the horse racing assets of MI Developments Inc. – including some of the nation’s best-known racetracks – with the intent of leveraging technology to transform American thoroughbred racing into one of the world’s most innovative sports.

… “I have started several successful media and technology companies, and each time success came by tirelessly driving innovation,” said Mr. Minor. “Modern horse racing is one of the least innovative sports. I believe by making significant digital advancements, horse racing can become one of the most innovative sports and capture the attention and imagination of a whole new generation.

“Horse racing is the world’s most exciting and elegant sport; soon it will also become its most innovative,” said Mr. Minor, …
... “If I could coax 100 million people to learn about computers, I can certainly do the same with horse racing. Man’s special relationship with horses and horse racing is primal. It's practically encoded in our DNA.”

... Minor Racing is uniquely positioned to turn around horse racing by building on its deep experience developing transformative technologies. Minor Racing has a fully integrated technology plan that incorporates new experiences for the track, off-site viewing audiences and home or mobile users.

... Minor Racing will pioneer technology for thoroughbred racing. For example, Minor Racing has already proven the ability to deliver 4K2K video of races at the track or to off-site viewing locations. 4K2K video is 10 times as crisp as High Definition. Minor Racing can capture close finishes at over 1,200 frames per second – allowing audiences to cheer those dramatic last few seconds as they play out over 30 seconds in slow motion.

Minor Racing is the only known organization in the world that can take two stereo cameras and create as many as 25 views in 3D so viewers can literally walk around the image of a live race on the screen – without glasses of any kind. Most importantly, Minor Racing does this in real time, unlike other efforts that have a two-hour delay.

By the end of 2011, Minor Racing anticipates being able to place cameras around any track and let the user sit in any position or move with the horses on a 3D display. This kind of 3D technology is revolutionary for any sport and has been in development for more than a year with the horse race track experience in mind. ...He seems to have a one-track mind. Why can't he achieve his vision one track at a time?

Or is this latest bid just a vehicle to promote his new technology?

[toussaud]

In my business i've dealt with cnet directly for about a decade. very good company to work with.

[JustRalph]

He sold his stake in the company and has hit a few lows recently, financially.

Thanks....... :ThmbUp:

[JustRalph]

In my business i've dealt with cnet directly for about a decade. very good company to work with.

Why are the employees running away ? Some very high profile types over the last year or so........

[toussaud]

heck i dont' know lol, but they have spectacular customer service that much i can attest for.

[JustRalph]

I wish he would just start with one or two nice tracks and show us what he can do. We don't need a brand new version of Frankie. I love C-Net and always have.......but they have a reputation in Tech Circles of being big talkers and short on action. C-Net lost many good employees over the last three years.

Does this guy even run Cnet anymore?

Apparently my skepticism was well founded


http://www.dailyfinance.com/2013/05/31/cnet-founder-halsey-minor-bankrupt-chapter-7/


http://hotair.com/archives/2013/06/02/how-to-lose-200m-without-really-trying/

[onefast99]

Apparently my skepticism was well founded


http://www.dailyfinance.com/2013/05/31/cnet-founder-halsey-minor-bankrupt-chapter-7/


http://hotair.com/archives/2013/06/02/how-to-lose-200m-without-really-trying/
he may have been better off buying the racetrack he would be getting a bailout about now!

[Stillriledup]

http://www.dailymail.co.uk/ushome/index.html

Front page article on Minor.