Magna Entertainment Corp (MEC) - Some Perspective

[blackthroatedwind]

Originally Posted by ArlJim78

Unless I'm mistaken I don't think Stronachs breeding program and his stable is funded by MEC. I believe that is his own and separate from Magna. Therefore there is substantial investment of his own in the industry.

Here is the quote....

" MEC is headed by Frank Stronach, who has invested hundreds of millions of dollars of his own money to enhance the TB industry. No one at CD (for sure) or NYRA can say the same."

The money you are suggesting was for him to race, breed, and sell horses. Sorry if I am not ready to declare this a humanitarian effort to improve racing. I would suggest, and I don't think if given sodium pentathol Frank would disagree, that this was done for personal pleasure and profit.

I am glad you brought me back to the quote however. I don't think the Phipps family, just to name one member of the NYRA board, would agree with the last sentance.

I understand Frank Stronach's commitment to racing. I also happen to think it is highly debatable that he has been good for racing overall and, more importantly, I am very concerned about what affect his enormous investment will have on racing in the future.