Ray’s Paddock

KONNICHIWA…THE PAULICK REPORT GOES TO TOKYO

By Ray Paulick I knew I wasn’t in Kentucky anymore when I went out for an early morning walk and came across a group of about 20 people standing at a nearby intersection. It was only a two-lane road, and there wasn’t a car in sight in any direction, yet everyone stood patiently for what […]

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THE BIG QUESTION: CAN RACING SURVIVE?

By Ray Paulick The challenges that confront racing seem to be the sport’s universal language, and potential solutions, it seems, are similar from one continent to another. Winfried Engelbrecht-Bresges, CEO of the Hong Kong Jockey Club and chairman of the Asian Racing Federation, outlined those challenges and proposed some solutions during his opening address of the […]

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IAVARONE DEATH THREAT

By Ray Paulick   In the nine hours of Breeders’ Cup telecasts last Friday and Saturday, the strangest segment by far came during a brief interview between comedic sportscaster Kenny Mayne and Michael Iavarone, president of the IEAH stable that owns a majority of Big Brown, when Iavarone said he and members of his family […]

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IAVARONE DEATH THREAT: IT’S NEWS TO NYRA

By Ray Paulick The head of security for the New York Racing Association told the Paulick Report Tuesday that no security resources were used to protect IEAH president Michael Iavarone on Belmont Stakes Day, June 7, the day Iavarone said he had been the subject of a “serious death threat.” Iavarone said in an interview […]

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RAY PAULICK’S TUESDAY UPDATES FROM KEENELAND SALE

By Ray Paulick Bloodstock prices continued their downward spiral on Tuesday during the second session of the Keeneland November breeding stock sale, and after two days total receipts are down almost 50% from one year ago and are the lowest in years. The Lexington, Ky., sale company reported there were 150 horses sold on Tuesday […]

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MINOR GOES PUBLIC ON MAGNA BID

By Ray Paulick Technology entrepreneur Halsey Minor has gone public with a letter sent to the Special Committee of the Board of Directors of MI Developments (MIM) asking the board to consider his proposal to acquire outstanding loans made by MI Developments to the financially beleaguered racetrack company Magna Entertainment (MECA).  Click here to read […]

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MAGNA CALLED ‘FINANCIAL SINKHOLE’ BY INVESTOR

By Ray Paulick A major institutional investor in MI Developments, the Frank Stronach-controlled real estate company that has kept Stronach’s failing racetrack entity Magna Entertainment afloat with bridge loans, has threatened legal action against the MI Developments board of directors, alleging they have “flagrantly breached their fiduciary duties to shareholders.” Richard Fried, a managing member […]

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HAWLEY STILL A DANDY

By Ray Paulick I’m sure I wasn’t the only one holding his breath when the gates opened for the fourth race Saturday at the Oak Tree Racing Association meeting from Santa Anita. Seven “old” men and one still young woman, all of them Living Legends who have retired from professional race riding, were set to […]

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MONDAY MORNING QUARTERBACK: DOWN THE STRETCH!

 By Ray Paulick Santa Anita Park will be the focal point of the racing world on Friday and Saturday with the 25th running of the Breeders’ Cup world championships, but that doesn’t mean the rest of the nation’s tracks have gone into hibernation for the week. Take Suffolk Downs … please! But, seriously, the East […]

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