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Re: Magna Loses $87 Million and forms Partnership with CD (554 Views)
Posted by: richiebee (IP Logged)
Date: March 06, 2007 07:08PM

Interestingly, Magna (Auto Parts Division) was mentioned today as a possible
purchaser of Chrysler.

I went from disliking Frank Stronach to thinking that he was the only
individual who could turn NY Racing around. Unfortunately the dynamic free
spending visionary always must answer to the shareholders. In the end Frankstro
should have been happy with a major oval in California and a major oval in
Florida, but he tried to have it all. He went into a no-win situation in
Michigan and, er ... he didn't win. And now after pouring a good deal of cash
into Laurel, Maryland voters/politicians won't let him have slots.

Tough business. Laurel (Pimlico) and Hawthorne both discussed recently in terms
of "needing slots to survive". Will Saratoga, Del Mar and Keeneland end up as
the only "stand-alone" racetracks?

Stange that 2 of the places which seem to be moving forward are Tampa Bay Downs
(good surface, better trainers beginning to stable there, world's worst
racecaller) and Oaklawn. Both are, I believe, family owned concerns. Of course
they are running short meets during desirable dates, and not assuming the cost
of much off season stabling.

Would a CD/Magna partnership be a good fit for NY? I would allow them a shot,
making 2 conditions: (a)they take on a gaming partner to run the VLTs and
administer the non- racing aspects of the facility and (b) they should be
required to retain NYRA employees who have stood their watch and gotten results.

Whoever gets to take the reins, and whenever the transition occurs, NY needs to
have a strong statute or set of regulations governing racing in this state.
Here is where it gets said that NY will have the most stringent medication
restrictions; that racing will only be conducted x days per year; that takeout
will be limited; that stall allocations will be adjusted to favor outfits with
productive stalls; that state breds will eventually be integrated into the
general horse population.

Is claustrophobic state regulation the answer? Did it work in Vegas?



Subject Written By Posted
Magna Loses $87 Million and forms Partnership with CD (871 Views) NoCarolinaTony 03/06/2007 02:52PM
Re: Magna Loses $87 Million and forms Partnership with CD (582 Views) marcus 03/06/2007 03:17PM
Re: Magna Loses $87 Million and forms Partnership with CD (554 Views) richiebee 03/06/2007 07:08PM
Re: Magna Loses $87 Million and forms Partnership with CD (543 Views) marcus 03/07/2007 02:23AM
The Rise and Fall of Horse Racing (593 Views) Chuckles_the_Clown2 03/07/2007 09:25AM
Re: The Rise and Fall of Horse Racing (594 Views) miff 03/07/2007 09:58AM
Re: The Rise and Fall of Horse Racing (555 Views) Frank 03/07/2007 10:26PM
Re: The Rise and Fall of Horse Racing (503 Views) NoCarolinaTony 03/07/2007 10:47PM
Re: The Rise and Fall of Horse Racing (511 Views) Frank 03/07/2007 11:04PM
Re: The Rise and Fall of Horse Racing (560 Views) NoCarolinaTony 03/07/2007 11:16PM
Re: The Rise and Fall of Horse Racing (540 Views) Frank 03/07/2007 11:21PM
Re: The Rise and Fall of Horse Racing (516 Views) 1st time lasix 03/08/2007 11:29AM
Re: The Rise and Fall of Horse Racing (517 Views) miff 03/08/2007 09:38AM
Re: The Rise and Fall of Horse Racing (482 Views) imallin 03/08/2007 11:18AM
Re: The Rise and Fall of Horse Racing (533 Views) fkach 03/08/2007 12:55PM
Re: The Rise and Fall of Horse Racing (485 Views) 1st time lasix 03/08/2007 01:32PM
Re: The Rise and Fall of Horse Racing (472 Views) fkach 03/08/2007 05:27PM
Re: The Rise and Fall of Horse Racing (459 Views) jma11473 03/08/2007 06:49PM
Re: The Rise and Fall of Horse Racing (535 Views) cubfan0316 03/08/2007 07:21PM
Let there be Lawsuits (567 Views) Chuckles_the_Clown2 03/08/2007 04:28PM
Re: Let there be Lawsuits (496 Views) jma11473 03/08/2007 06:47PM
Re: Let there be Lawsuits (474 Views) trackjohn 03/09/2007 10:31AM


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