There has been a passing of the baton this year at The Stronach Group, owner of some of the premier racetracks on American soil, including Santa Anita Park in Arcadia, Calif., which for the ninth time on Nov. 4-5 hosted the Breeders' Cup world championships – two spectacular days of racing and entertainment.
Dennis Mills, a longtime friend and business associate of company founder Frank Stronach, gave his perspective on the transition of power to Frank and Elfriede Stronach's daughter, Belinda, in an article published at RacingFuture.com.
Belinda Stronach has been taking an ever more active role in the company – whose racetrack holdings also include Gulfstream Park in Florida, the Maryland Jockey Club's Laurel Park and Pimlico, and Golden Gate Fields in Northern California – and she now serves as The Stronach Group's president and chairs its executive board.
Mills writes that Belinda Stronach is “eminently worthy of her own accolades” – as a successful businesswoman, philanthropist and public servant (she served as a member of Parliament in the Canadian House of Commons).
“For most of her life,” he wrote, “Belinda has lived on a Thoroughbred horse farm, where she listened attentively and interacted with the everyday work on the farm. She lived every aspect of their pedigree, from the cleaning of stalls, to the selling of yearlings. This experience led to her family's Queen's Plate and Breeders' Cup victories.
“Until now,” Mills added, “she has always lived in the shadow of Frank, whose influence has marked every step of her way. The shadow now becomes the light of hope for a new generation, as she takes the reins at the helm of her family's business in the sport of horse racing. Her passion for its survival permeates her being and she knows the weight of its responsibility.”
Mills writes that The Stronach Group's president is ready for the challenge. “Belinda has been groomed for this by one of the best business minds in the world and she's ready to step up to the plate.”
“We view this company as an entertainment company first and foremost, with horse racing and wagering as our key assets,” Belinda Stronach told Mills. “Our passion is to expand the sport of horse racing and to deliver amazing entertainment experiences, both on and off the track.”
Read the entire article at RacingFuture.com
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