Lets put a group together and bid....

Lets get a group of people together and we can bid on the New York Tracks. I for one will be glad to the see the current ownership gone. They were nothing but crooks. It is going to be hard to compete with Frank and Churchill. But whoever gets it, I hope they make New York racing better than what is currently is.

[Exceller]

Originally Posted by eurobounce

Lets get a group of people together and we can bid on the New York Tracks. I for one will be glad to the see the current ownership gone. They were nothing but crooks. It is going to be hard to compete with Frank and Churchill. But whoever gets it, I hope they make New York racing better than what is currently is.

Those crooks are gone and the Stronach people will take over soon enough. It is about time too. These guys have had more second chances than should be allowed.

Originally Posted by Exceller

Those crooks are gone and the Stronach people will take over soon enough. It is about time too. These guys have had more second chances than should be allowed.

You think Frank will be awarded the bid? I think it will be the group from Churchill.

[Exceller]

Originally Posted by eurobounce

You think Frank will be awarded the bid? I think it will be the group from Churchill.

I will go with Stronach but either would be fine with me.

i think i'll pass, i don't want to wake up and find a dead horses head in my bed, lol ala, GF.

these are people who will not let this go without a fight.

Originally Posted by Secretariat

i think i'll pass, i don't want to wake up and find a dead horses head in my bed, lol ala, GF.

these are people who will not let this go without a fight.

That was funny. I wouldnt want to mess with them either.

[Exceller]

Originally Posted by Secretariat

i think i'll pass, i don't want to wake up and find a dead horses head in my bed, lol ala, GF.

these are people who will not let this go without a fight.

Would you let a corrupt cash cow go easily? NYRA is semi-legit organized crime.

[sumitas]

"
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QUOTE from a previous post...
"Now that I don't work for Churchill anymore I can say without it being "Insider trading" that they WILL make a SUBSTANTIAL push for NYRA.....After selling Hollywood CDI became a very Cash heavy company that was not levered enough and desperately needs something to invest its cash into...they can trade "dirt for dirt" and not pay taxes in doing so...they have been holding off paying debt just to have the capital for this type of acquisition (I think you have a year to move the capital before having to pay taxes on the sale), as well as other acquisitions that will spring them into the Internet wagering market (once they get out of their 10-year TVG contract in the next year or two), such as purchasing winticket.com and Beulah Park (because they are owned by the same company)...but the prize would obviously be winticket.com (well, and the Beulah twins..lol)...Beulah's racing operation is obviously not what they are looking for..

Magna has operated in the red for the last few years and are not in the position to make a strong enough push for the New York circuit, especially after the capital exhausted in Pim and Gulf, thus it is all Churchills for the taking IMO and they have a stronger hand than a bankrupt and proven defficient NYRA...The land is state property and very expensive so I just seeing CDI purchasing/leasing the operation of all three tracks...probably couldn't get the New York OTBs as they are substancial moneymakers and probably too expensive....CDI wishes to expand and NYRA would allow them the prestige, deep quality of racing, and market share they are looking for.

Trust me when I say that CDI will be All-In for it..."
MY REPLY...
i am not impressed with the cd renovation. i am not impressed with their paralysis in not moving to a synthetic surface.

the way you describe cd, it's all about cd. that attitude won't get them far. the winning bidder will benefit ny racing and ny state. the winning bidder won't win if their bid is to plunder ny racing and offer no improvments.

so it's not all about cd. they have an uphill battle.

How is that Cunningham?

[blackthroatedwind]

Thus begs the question.....why would you even touch the subject in an internet chat room?

Completely agree.

[sumitas]

this is the biggest deal in the history of horse racing and soon we'll find out who will bid. there are some "mystery groups" out there now.

[blackthroatedwind]

Bidders are not going to show their hands now. This is a farce.

The real bidding won't start until after the elections in the fall and during 2007.

[sumitas]

the article states that all bidders must submit an intent to bid notice by June 30. the public will know then who the bidders are.

Bids must be submitted by Aug. 15, according to the article. The state committee will select a proposed winner by Sept. 15. Final approval must come from the legislature, which will be sometime in 2007.

and nobody will win the bid without including a complete retrofit of all 3 tracks and their training tracks to a synthetic surface, imo.

[blackthroatedwind]

I strongly recommend reading Steve Crist's column in Sunday's DRF ( up on the website now ). Unfortunately I can't reprint it and you must be a subscriber to access it, but it does a tremendous job detailing the insanity of the current supposed bidding structure and deadline.

This will just get better and better.

[sumitas]

unfortunately i have no access but the "fun" is starting as the players line up for the biggest deal in the history of horse racing!!!!

they're on the hot seat now, too, lol.