Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Thoroughbred Horse Racing Discussion > General Racing Discussion


Reply
 
Thread Tools Rate Thread
Old 07-25-2017, 01:28 PM   #1
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
DRF sold

http://www.drf.com/news/daily-racing...pital-partners
cj is offline   Reply With Quote Reply
Old 07-25-2017, 01:50 PM   #2
ReplayRandall
Buckle Up
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Posts: 10,614
Introduce yourself to your new owners CJ, by asking for a nice, healthy raise $$$!! After all, you are the future right now at DRF, as the Beyers go by way of the dinosaurs...
ReplayRandall is offline   Reply With Quote Reply
Old 07-25-2017, 01:54 PM   #3
dilanesp
Registered User
 
Join Date: Aug 2012
Posts: 8,798
Quote:
Originally Posted by ReplayRandall View Post
Introduce yourself to your new owners CJ, by asking for a nice, healthy raise $$$!! After all, you are the future right now at DRF, as the Beyers go by way of the dinosaurs...
Beyers are a brand name and will be around awhile. But that doesn't mean they won't change the methodology.
dilanesp is offline   Reply With Quote Reply
Old 07-25-2017, 02:03 PM   #4
ReplayRandall
Buckle Up
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Posts: 10,614
Quote:
Originally Posted by dilanesp View Post
Beyers are a brand name and will be around awhile. But that doesn't mean they won't change the methodology.
Enron, Lehman Brothers and Arthur Andersen were brand names too..
ReplayRandall is offline   Reply With Quote Reply
Old 07-25-2017, 06:07 PM   #5
carterista
Apprentice
 
Join Date: Jun 2017
Posts: 28
Z capital Management LLC is a private equity firm specializing in growth capital, buyout, distressed, turnaround, special situations, balance sheet and/or operational improvements, repairing the capital structures, and leveraged finance investments. The firm makes investments in middle market companies via complex transactions through restructuring and/or bankruptcy processes, opportunistic acquisitions and special situations.

You just got bought out by a vulture fund. They'll strip whatever assets DRF has, sell off the most profitable divisions, load it up with debt and loot all they can and then file for bankruptcy.

Of course, they'll fire people left and right and jack up prices.

So long print editions

Last edited by carterista; 07-25-2017 at 06:15 PM.
carterista is offline   Reply With Quote Reply
Old 07-25-2017, 07:00 PM   #6
NTamm1215
Registered User
 
NTamm1215's Avatar
 
Join Date: May 2007
Posts: 752
Beyer figures are going nowhere.
NTamm1215 is offline   Reply With Quote Reply
Old 07-25-2017, 07:13 PM   #7
FakeNameChanged
Registered User
 
Join Date: Jan 2010
Posts: 2,176
Quote:
Originally Posted by carterista View Post
Z capital Management LLC is a private equity firm specializing in growth capital, buyout, distressed, turnaround, special situations, balance sheet and/or operational improvements, repairing the capital structures, and leveraged finance investments. The firm makes investments in middle market companies via complex transactions through restructuring and/or bankruptcy processes, opportunistic acquisitions and special situations.

You just got bought out by a vulture fund. They'll strip whatever assets DRF has, sell off the most profitable divisions, load it up with debt and loot all they can and then file for bankruptcy.

Of course, they'll fire people left and right and jack up prices.

So long print editions
My last company, where I worked before retiring, was bought out by the same firm-Z-Capital Mgmt. Nothing happened during the first year, other than lots of walk-throughs by their staff and outside consultants. At first they released the prior consultants who had set up shop for the previous 2 years. In the last year and a half, the President and VP were "retired" and several other staff changes. Both were way overdue.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
FakeNameChanged is offline   Reply With Quote Reply
Old 07-25-2017, 07:25 PM   #8
AltonKelsey
Veteran
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,831
Shown 'Z' door?

Sorry. Couldn't resist.
AltonKelsey is offline   Reply With Quote Reply
Old 07-25-2017, 09:22 PM   #9
Andy Asaro
Registered User
 
Join Date: Mar 2017
Posts: 5,789
Andy Asaro is offline   Reply With Quote Reply
Old 07-25-2017, 09:30 PM   #10
jdhanover
Registered User
 
Join Date: Apr 2011
Posts: 3,088
Lots of room for improvement at DRF...maybe this will make it happen over time
jdhanover is offline   Reply With Quote Reply
Old 07-25-2017, 09:35 PM   #11
GMB@BP
Registered User
 
Join Date: Feb 2003
Location: Dark Side of the Moon
Posts: 5,870
Quote:
Originally Posted by NTamm1215 View Post
Beyer figures are going nowhere.
can we do something with the Moss pace figures in Formulator please!!!!!!!!!!!!!!
GMB@BP is offline   Reply With Quote Reply
Old 07-25-2017, 10:43 PM   #12
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,816
Quote:
Originally Posted by GMB@BP View Post
can we do something with the Moss pace figures in Formulator please!!!!!!!!!!!!!!
It has been a while since I said on Byk's show that my stuff will replace Moss, but it going to happen and it this point it is sooner rather than later. Things got put on hold as people can probably imagine with the announcement today.
cj is offline   Reply With Quote Reply
Old 07-25-2017, 10:58 PM   #13
carterista
Apprentice
 
Join Date: Jun 2017
Posts: 28
There is always a 'sucker' born every day.

This is not a prediction because I can say this with certainty that this outfit will do this first and foremost: cut costs by diminishing the quality of its digital media and like all print media, ponder how to best eliminate its printed product, which will unquestionably drive its business further down.

Of course these financial types think they're smarter than the rest of us: I do remember UBET, though, and how sports betting would turn it into a giant cash machine back in 2000 or so?

One does not have to be a genius to realize that a business that lost 50% of its value during last 10-years, can't be in a BULL market and I don't care how smart these people think they are, they are not going to make a dent in sports betting world: Las Vegas Casinos are too many steps ahead of them already.

It's also too bad because some of the well known racing personalities will be laid off and ,of course, horse players are dependent on good and reliable data; but, I doubt that this outfit has any commitment in this area.

Last edited by carterista; 07-25-2017 at 11:01 PM.
carterista is offline   Reply With Quote Reply
Old 07-25-2017, 11:37 PM   #14
johnhannibalsmith
Registered User
 
johnhannibalsmith's Avatar
 
Join Date: Jul 2009
Posts: 12,402
Quote:
Originally Posted by carterista View Post
... by diminishing the quality of its digital media...
I'm not exactly a qualified judge of digital media, but they have a massive task ahead of them.
__________________
"You make me feel like I am fun again."

-Robert James Smith, 1989
johnhannibalsmith is offline   Reply With Quote Reply
Old 07-25-2017, 11:50 PM   #15
thaskalos
Registered User
 
Join Date: Jan 2006
Posts: 28,390
I wonder if I should shut down my DRF-Bets account.
__________________
Live to play another day.
thaskalos is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 04:11 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.