Posts Tagged ‘don amos’

Do you know an individual or organization who you think we should consider for an upcoming “Good News Friday” feature? Then please e-mail info@paulickreport.com with the name of the individual or organization and a brief description of why you think they should be featured. Additionally, we’d like to thank Rob Whiteley and Liberation Farm for encouraging us to bring to light some of the industry’s positive stories and for sponsoring this exclusive Paulick Report feature.

By Ray Paulick
Good news doesn’t always make us feel good. To me, that’s the story of the Permanently Disabled Jockeys Fund, a 501(c)3 charity that has the thankless task of providing financial assistance to help former jockeys cope with the realities of lives too often spent in wheelchairs. It’s an organization doing exceptionally important work, and like many other worthy causes it struggles to get the funding it needs.

That there is even a Fund for permanently disabled riders is almost a miracle, given the turmoil the Jockeys’ Guild went through under the disastrous leadership of Wayne Gertmenian, whose 2001-2005 reign of terror left the organization teetering on the brink of bankruptcy, and its Disabled Jockeys Fund depleted. Gertmenian was removed as president in November 2005, just a month after a Congressional hearing on the Guild uncovered massive problems. The Guild eventually was forced into bankruptcy.

Racing executives like Steve Sexton of Churchill Downs Inc. and Don Amos, then with Magna Entertainment, helped lead the charge to start a new Fund, and in May 2006 the Permanently Disabled Jockeys Fund was created as part of NTRA Charities. One month later, with seed money from Churchill Downs Inc., Magna and other tracks, it was able to begin offering financial assistance to permanently disabled riders in need.

LaSala said many racetracks have really stepped up to help raise money for the Permanently Disabled Jockeys Fund. Horsemen’s organizations have not been as supportive, though individuals in the ownership ranks, including Richard Santulli, chairman of NetJets, Bill Casner of WinStar Farm, Barbaro owners Roy and Gretchen Jackson, and Michael Bello, a California-based owner, have made significant contributions. In 2008, thanks to Santulli and Casner, the Fund raised $500,000 during the Triple Crown, which amounts to more than half of the Fund’s $800,000 annual operating budget. Santulli and Casner again kicked in major contributions to the Fund at this year’s Kentucky Derby.

“Jockeys have the most hazardous occupation of any professional athlete, and I feel are greatly unappreciated,” said Casner, the former chairman of the Thoroughbred Owners and Breeders Association and a self-described “ex-gallop boy that got on about 25,000 of those beasts over 16 years as a young racetracker,” one who “had my share of hitting the ground and having several flip over on me …but for the grace of God."

“There are around 1,500 licensed professional jockeys,” Casner added, “with most of them struggling with weight and making a living. They put their lives and bodies at risk every time they get on one of our horses and most will deal with a plethora of injuries over a career. If they are lucky they will walk away and not have to deal with paralysis. Exercise riders and backstretch help should also be included in this group. While they do not experience the injury opportunities that race riders do, they are still subject to the same events. It is only right that we as an industry work with the jockeys to help them help themselves as well as other backside employees. I comment Richard Santulli, as well as the riders, for taking the leadership on this important charitable endeavor over the last two Triple Crowns.”

Riders have been directly involved in some of the creative fundraising that’s been done for the Permanently Disabled Jockeys Fund. At Keeneland this spring, “Riders Up!” a karaoke competition involving many current and past jockeys, was the highlight of a very popular dinner that raised $50,000 for the Fund.

Earlier, in Hot Springs, Ark., restaurateur Mike Loy provided free dinners at his popular KJ’s Grill and racing fans paid $100 each to dine and meet some of their favorite jockeys, raising another $17,000 for the Fund. A similar event, “Dining With the Dynasties,” will be held at Arlington Park Aug. 7, the day before the Arlington Million, thanks to Arlington boss Richard Duchossois and track president Roy Arnold, who is now a member of the Fund’s board of directors. Retired Hall of Fame jockeys like Pat Day and Gary Stevens, along with other current and former riders, including some of those who benefit from the Permanently Disabled Jockeys Fund, are expected to participate at the Arlington event.

Speaking of Pat Day, there is good news about him and Hall of Famer Jerry Bailey, two former Jockeys’ Guild presidents who resigned from the organization when the former manager, John Giovanni, was forced out and Gertmenian was brought in. Now that the Guild has regained its credibility and is on the road to financial recovery under the leadership of Terry Meyocks and a newly configured board, Bailey and Day have rejoined the organization in a show of support. Meyocks said a number of other current riders who had quit the Guild during the Gertmenian era have also come back into the fold.

Earlier this year, the Permanently Disabled Jockeys Fund became a standalone 501(c)3 charity, and it is no longer part of NTRA Charities. It continues to struggle for its funding. “We need the support of the entire industry and all of its partners,” LaSala said.

Please contact the Fund if you would like to help. Its web site will have an online donation link in the near future. In the meantime, you can send donations to the Permanently Disabled Jockeys Fund, P.O. Box 803, Elmhurst, IL 60126. The telephone number is: (630) 595-7660 and fax is (630) 595-7655.

Liberation Farm celebrates the many horsemen and horsewomen who strive each day to make things better for horses and those who work with them.  To learn more about Liberation Farm, click here.

Previous Good News Friday subjects: Father Chris Clay, The Race for Education, Military Appreciation Day at Keeneland, Kentucky Oaks Pink Out for the Susan G. Komen Foundation, Mary Lee-Butte and the Blue Grass Farms Chaplaincy, Mary Jo Pons and the Radio Reading Network, TV Ratings Are Up.

Copyright © 2009, The Paulick Report

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It’s almost impossible to keep track of the comings and goings of executives at Magna Entertainment, the racetrack spinoff created in 2000 from Frank Stronach’s highly successful auto parts company, Magna International.

Magna Entertainment owns numerous racetracks, including Santa Anita Park and Golden Gate Fields in California, Gulfstream Park in Florida, Pimlico and Laurel Park in Texas, and Lone Star Park in Texas; it co-owns HRTV with Churchill Downs and operates the Xpressbet account wagering company.

When the public company’s stock price fell below $1 per share earlier this year, the MEC board of directors enacted a 1-for-20 stock split, giving shareholders one share for each 20 they own. A $1,000 investment in MEC (symbol MECAD on NASDAQ) one year ago would be worth just $121 today. A $1,000 investment in MEC when it was created in 2000 would be worth less than $64 today. 

As a sidenote, during the time the stock price was plummeting, Stronach lent his name to a product called Frank’s Energy Drink, complete with "energy girls" and special events, a move that further fueled critics who said Stronach was no longer in touch with what was going on at his racetracks.

The latest departure, Scott Borgemenke, from the position of executive VP of racing, led the Paulick Report on a search of other departures from the executive offices of MEC’s headquarters in Aurora, Ontario, Can., and at various racetracks.

Here are just a few, including statements made by the executives and by Stronach upon their hiring and their leaving:

SCOTT BORGEMENKE
Jan. 28, 2008 - Appointed to the position of Executive Vice-President, Racing.

Said Borgemenke: "I am very excited to be taking on this new position. MEC’s commitment to the racing industry is unmatched. I feel fortunate to be joining a great team and look forward to putting my experience to work on the company’s behalf."

Frank Stronach, MEC’s Chairman and Interim Chief Executive Officer, stated: "I am very pleased to have Scott join our team. I first met Scott a number of years ago and am confident that he will make a positive contribution to MEC."

July 21, 2008 - Borgemenke to leave his position as Executive Vice President, Racing effective July 18.

Stronach stated: "Scott has helped MEC move forward on a number of important operational initiatives. We very much appreciate his efforts, and we wish him well."

Said Borgemenke: "MEC is a company with enormous growth opportunities. I wish my friends there nothing but success, and will continue to provide any counsel I can. I will watch intently as the MEC team implements its strategic plan. Unfortunately, at this point in my life, my corporate and family responsibilities conflict."

CHRIS DRAGONE
Nov. 28, 2007 - Named president of Magna Entertainment’s Maryland Jockey Club tracks.

Said Dragone: "I look forward to working toward improving the racing and entertainment experience for Maryland horsemen and our customers. Working with the other key stakeholders I hope to build upon the platform established by Lou Raffetto and the De Francis family."

Stronach stated: "MEC remains strongly committed to the future success of Thoroughbred racing in Maryland. To this end we will put the full support of MEC behind Chris and the MJC management team."

May 13, 2008 - Dragone to be released as MJC president after Preakness.

Frank Stronach told Washington Post: "Chris is a nice fellow, but we thought (Tom Chuckas) had more experience."

LOU RAFFETTO
Feb. 10, 2006 - Lou Raffetto named president of the Maryland Jockey Club, replacing Joe De Francis.

Nov. 28, 2007 - Raffetto replaced by Chris Dragone as president of Maryland Jockey Club.

Stronach stated: "Lou worked very hard during his tenure with MJC to manage the day-to-day operations and improve the future of Thoroughbred racing in the state of Maryland. We wish him well in his future endeavors."

Said Raffetto: "I wish my colleagues at MJC well going forward and hope that the company will be successful in implementing its long-term plans."

MICHAEL NEUMAN
Feb. 27, 2007 - Michael Neuman named CEO. (Neuman succeeds Stronach, who has been Interim CEO since March 2006.)

Stronach stated, "The Board of Directors conducted an extensive search for candidates who understood the role of horse racing operations, gaming and entertainment to MEC’s business, while also demonstrating a proven track record to execute in the important new areas of opportunity. The Board of Directors is pleased to have attracted a candidate for CEO so uniquely qualified as Michael to lead MEC at this exciting time. We were also impressed with Michael’s understanding of the continued importance of debt reduction and improved operational effectiveness to MEC."

June 22, 2007 - Neuman leaves the company "effective immediately to pursue other opportunities.

Stronach stated: "Michael worked very hard during his time at MEC and we wish him well in his future endeavors."

Said Neuman: "I wish my colleagues at MEC well going forward and hope that the company will be successful in implementing its long-term plans."

JOE DE FRANCIS
July 20, 2006 - Joe De Francis named a Magna Entertainment Director, member of Executive Management Committee and Stronach’s "principal advisor on all technology and distribution initiatives."

Stronach stated: "Over the years, Joe has made an enormous contribution to the horse racing industry and to Magna Entertainment, in particular, and we are delighted that he has taken on this new role. Given Joe’s vast knowledge of both Magna Entertainment and the racing industry, we feel he is the perfect fit for our Board. On behalf of the directors of Magna Entertainment, I welcome Joe to the Board."

Said De Francis: "It has been a pleasure working with everyone at Magna Entertainment and watching the company evolve. I am thrilled about the direction in which Magna Entertainment is headed and look forward to being a part of this exciting time."

March 3, 2008 - De Francis resigns as a Director.

Stronach stated: "I want to thank Joe for all of his hard work on behalf of MEC over the years and we wish him well in his future endeavors."

PAUL CELLUCCI
March 18, 2005 - Former Massachusetts governor and U.S. ambassador to Canada Paul Cellucci named Executive Vice-President of Corporate Development for Magna.

Said Cellucci: "It has been an honor to serve the people of the Commonwealth of Massachusetts and the President of the United States, but it is time for me to step away from public life. I am very excited about the prospects for MEC and working with Frank Stronach and MEC’s management team to build MEC into a global entertainment company and improve stockholder value.

Stronach stated: "Mr. Cellucci has an outstanding record of public service and will make an enormous contribution to (Magna Entertainment) and he will play a leadership role in our efforts to bring about regulatory reform at the state level aimed at modernizing the horse racing and pari- mutuel industry."

June 30, 2006 - Cellucci resigns.

Stronach stated: "Paul has helped MEC move forward on a number of important initiatives and we are pleased that we will continue to benefit from his counsel as he builds his new consulting practice", said Frank Stronach, MEC Chairman.

Said Cellucci: "MEC is a young company with a great future and I have enjoyed my full-time association with Frank and the other members of management. As I move into this new phase of my career, I look forward to continuing to advise MEC as it successfully implements its strategic plan".

TOM HODGSON
March 8, 2005 - Hodgson named President and CEO of Magna, replacing Jim McAlpine.

Said Hodgson: "Over the past several years, MEC acquired and developed the racing content and technology necessary to become a truly global player in the pari-mutuel industry," Hogdson said. "In order to ensure that MEC remains well-positioned to capitalize on industry opportunities, including alternative gaming and international opportunities, we need to operate with financial discipline."

Stronach stated: "MEC remains committed to its strong vision and leadership position within the horseracing industry. However, at this point in our development, we need to focus on financial and operating discipline at many of our operations. Our entire board, including Jim McAlpine, strongly supports Tom’s appointment as well as the need for improved financial discipline throughout the company. Tom brings a very strong financial background to MEC and he, together with the other members of the MEC executive management committee, will ensure that MEC maintains that focus."

March 14, 2006 - Hodgson resigns, effective March 31. Stronach named interim CEO while search for a new CEO is launched. Hodgson remains a consultant.

Stronach stated: " The Board has decided that, going forward, MEC should seek a CEO with in-depth knowledge and experience in the horseracing and gaming industry who can lead the Company in fully exploiting its opportunities in
this sector….Tom Hodgson has more than achieved our recapitalization plan goals, and we are grateful for his contributions to the Company."

JAMES MCALPINE
Jan. 10, 2001 -James McAlpine named president/CEO.

Stronach stated: "We are delighted to be able to confirm the appointment of Jim McAlpine as President and Chief Executive Officer of MEC. Having worked with Jim for many years while he was a senior executive officer of Magna International Inc., I have complete confidence in his talents and abilities. I believe that this appointment provides MEC with strong, experienced leadership for its new management team."

March 8, 2005 - McAlpine retires as CEO. He remains as a consultant to the company.

Stronach stated: "On behalf of the board of directors of MEC, I would like to thank Jim for his hard work over the past several years in launching MEC and helping to position it for the next stage in its development. We look forward to Jim continuing to contribute to MEC in his new role."

Said McAlpine: "Over the past five years, MEC people have worked diligently to make MEC the company that it is today, a company filled with opportunity. I have enjoyed leading this dynamic group and look forward to making a continuing contribution by supporting Frank, Tom and the executive management committee to see MEC achieve its full potential."

BRIAN TOBIN
March 24, 2004 - Former Canadian governmental official Brian Tobin elected Vice-Chairman of the MEC Board. Tobin is CEO of Magna Development, the majority shareholder of MEC.

Stated Stronach: "Brian will be an excellent director and I look forward to his contributions to our Board’s deliberations."

Aug. 20, 2004 - Tobin resigns.

Stronach stated: "Brian Tobin has been a great team leader and a great team player. The Board of Directors and I wish him well in his future business endeavours."

Said Tobin: "I have great respect for the MEC team and for Frank Stronach."

MARK FELDMAN and JERRY CAMPBELL

July 14, 2000 - Mark Feldman, named CEO (replacing Jerry Campbell, who was named vice chairman of the board).

Said Feldman: "I am thrilled to have the opportunity to work with Jerry Campbell, the other members of the MEC Board of Directors and the talented MEC management team. I am anxious to get started implementing the Company’s multi-faceted growth strategy, including maximizing opportunities to utilize interactive media in sports wagering, development of the Company’s real estate assets with location based entertainment and retail operations and improving cash flow by taking advantage of scale efficiencies in track operations. All of these initiatives will be supported and enhanced by our commitment to developing a strong global brand."

Said Campbell: "I am pleased to continue to serve as Vice-Chairman and to remain a director of the Company. MEC has a strong balance sheet, has assembled some of the finest and strategically located thoroughbred racetracks in the United States and has the ability to expand, particularly pari-mutuel wagering via off-track betting centers (OTB’s) and telephone account wagering systems, within currently existing regulations."

Stated Stronach: "I would like to thank Jerry for his contributions in establishing the Company and am delighted that he will continue to provide guidance and assistance to the management team as Vice-Chairman. I believe that the management changes…will facilitate our pursuit of the opportunities in media distribution of racing and sports wagering."

Dec. 11, 2000 - Feldman resigns.
Stronach stated: "As was previously announced, Don Amos has been appointed Chief Operating Officer and Graham Orr has been appointed Chief Financial Officer of the Company. Mr. Amos and Mr. Orr are based in Toronto, where they were both previously senior officers of Magna International. Their appointment reflects my desire to remain closely involved with the Company during its formative years. As a result, Mark agreed that it would be more effective to consolidate operations in Toronto, but was not prepared to relocate his family to Toronto. I am pleased that Mark has agreed to continue to provide his services to the Company as a consultant, as he is an outstanding media executive."

Said Feldman: "I continue to be enthusiastic about the growth potential for the Company and its prospects to become a leader in the horse racing account wagering business. It is clear that Mr. Stronach should work closely with the executive team during these early years of developing the Company’s operations. In this regard it makes sense to operate the business from Toronto. I look forward to continuing to assist MEC in its key initiatives in the electronic media fields."

A partial list of other executives who have left the company in the decade since Frank Stronach made his first racetrack purchase (Santa Anita Park) in December 1999:

Bill Baker, Peter Beresford, Rick Cowan, Doug Donn, Roman Doroniuk, Andrew Gaughn, Michael Gilligan, Clifford Goodrich, Ed Hannah, Corey Johnsen, Brant Latta, Jack Liebau, Chris McCarron, Jack McDaniel, Graham Orr, John Perrotta, Lonny Powell, David Romanik, Scott Savin.

By Ray Paulick

Copyright ©2008, The Paulick Report

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