Author Topic: Stronach Racetracks For Sale?  (Read 2401 times)

0 Members and 1 Guest are viewing this topic.

Grandstand Handicapper

  • Elite
  • ******
  • Posts: 2140
  • Which wolf wins? The one you feed.
Stronach Racetracks For Sale?
« on: February 04, 2025, 09:00:19 AM »
https://paulickreport.com/news/the-biz/report-keith-brackpool-hired-to-explore-sale-of-stronach-tracks

On the tail end of the FL fiasco...rumors are swirling...it's normally not all rumor when there's talks with potential buyers...and the seller neither confirms, nor denies. This could be massive. Santa Anita and Gulfstream.

Brkn Headpole

  • Stakes Horse
  • *****
  • Posts: 933
Re: Stronach Racetracks For Sale?
« Reply #1 on: February 04, 2025, 10:29:09 AM »
Might need the money to pay out all his sexual assault claims.

wiseowl

  • Open / FFA
  • ****
  • Posts: 473
Re: Stronach Racetracks For Sale?
« Reply #2 on: February 04, 2025, 10:54:54 AM »
Just may be selling get the money and bring it back to Canada and fuck the U.S.A.

Papillon

  • Elite
  • ******
  • Posts: 2219
Re: Stronach Racetracks For Sale?
« Reply #3 on: February 04, 2025, 11:07:45 AM »
Gulfstream sits on land that is worth too much money--racing loses money so taking the cash by selling the land makes sense.

When the Florida horsemen recently decided to oppose decoupling-that certainly accelerated the idea of selling.

California has NO casinos, and the Santa Anita purse account is overpaid by $6mil-so when 1/ST ended in racing in Northern Cal in hoping that would help rejuvenate Southern Cal racing and it failed--that also most certainly helped the decision to sell the property, which is worth tens of millions. .

Bottom line--racing doesn't make any money and the land is worth too much to continue racing in Hallandale or Arcadia.

Brown jug

  • Elite
  • ******
  • Posts: 3439
Re: Stronach Racetracks For Sale?
« Reply #4 on: February 04, 2025, 11:13:29 AM »
hmm, traditionally yes the story of land value being worth more than a race track , golf course or shopping mall usually held true
not so sure now
 people are leaving California in droves for good reason so unless government  are building homeless encampments on it I'm not sure who is paying top dollar for the land
Florida was much better but even it is now having hard times,  the insurance costs  for homes are astronomical and the low Canadian dollar is forcing many Canadians out , so again does Florida really need more condos and luxury homes
having said that if you own racetracks and someone comes up with a huge offer i guess you can sell it

Grandstand Handicapper

  • Elite
  • ******
  • Posts: 2140
  • Which wolf wins? The one you feed.
Re: Stronach Racetracks For Sale?
« Reply #5 on: February 04, 2025, 01:49:15 PM »
Might need the money to pay out all his sexual assault claims.

Just an FYI...He does not own the tracks anymore. The company that owns the tracks is owned and controlled by his daughter.

Grandstand Handicapper

  • Elite
  • ******
  • Posts: 2140
  • Which wolf wins? The one you feed.
Re: Stronach Racetracks For Sale?
« Reply #6 on: February 04, 2025, 01:56:11 PM »
Until the decoupling hurdle came up, Stronach was pro-racing at Gulfstream, yes, because they had a casino. They wanted to further develop the property---not shut down the track and develop the property that the tracks sits on. There was talk about shutting down the backstretch (like what they did at the Meadowlands), however, that too had nothing to do with shutting down the track. When the access to capital markets issue came up, that's what brought decoupling to the forefront.

I have no idea what Stronach's true desire, motivation, and intention is. I don't think she was ever committed to racing like her dad was. But, once the capital markets and strategic partners say decouple, it's going to be mandatory. At the end of the day, it's the simple economic principle...highe st and best use. If she wants to close, they close. I think the horsemen need to figure out what assurances they can get, what they will accept and not accept, and decide whether or not they can make a deal. If not, folks, it's back to Hialeah! LOL.

 

shout out

Refresh History
  • Sound off !
  • Trigger: Dougie since my self exile life is awesome in the T-Bred forum.  Set aside here the funny, well meaning, and engaging threads, great contributions.  The rest need discipline, cause they know when they hit that reply, they deserve what's coming next! ;D
    Today at 11:14:07 AM
  • dougie: I agree Trigger. Taking a break from the madness!!!!! LOL!!!!!
    Today at 10:14:40 AM
  • Trigger: The ploppers morning prayer... ngc3 ...Every fucking day I must say the same shit over and over again.  I love / hate Burke.  Over and over and over repeat the same stupid shit.  tmbz1
    Today at 08:10:10 AM
  • Trigger: Where is the MAGA republican sympathy for Texas First Lady Cecilia Phalen Abbott.  From Mexican immigrants, devout Catholic, marries gov greg in 81', tree falls on him while jogging in 84'.  Cecilia hasn't been fucked in 40+ years.
    Today at 07:18:49 AM
  • Trigger: It's a pleasure betting tracks like Harrington, and LBJ today.  You handicap, and driver's are trying, apprecative of the big stage, or just big purses.  Fucking faggots picking their spots - toop trainers and drivers stiffing day and night if it all ain't perfect.
    September 15, 2025, 11:27:59 PM
  • Trigger: Burke...those suspensions for drugs are not proof.  Fucking Horseplop blindness.  No one needs to prove shit about Burke, their posted wagers.  You need to drink the piss out of Burke's horses twats and cocks,then you'll accept reality!   ;D
    September 15, 2025, 11:16:43 PM
  • Trigger: So when I los it's real and when I win it's fake, actual tickets posted up to hours before the races  ngc3  I did teach you how to spell your screen name correctly with the apostrophe!   ;D
    September 15, 2025, 10:40:59 PM
  • Kirby's Ace: I'm sure you are. Tough to lose  those mind bets!
    September 15, 2025, 10:35:15 PM
SimplePortal 2.3.7 © 2008-2025, SimplePortal