cnet

Racing ‘Ideas Man’, CNET Founder Halsey Minor Files Bankruptcy

Yes, I’ll go ahead and admit to what someone said on Twitter after news broke that Internet entrepreneur and horse racing enthusiast Halsey Minor had filed for Chapter 7 in U.S. Bankruptcy Court in the Central District of California: I had been “drinking the Halsey Minor Kool-Aid.” Going back to my first meeting with Minor […]

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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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MINOR TAKES ON MAGNA

By Ray Paulick While CNET founder Halsey Minor continues his efforts to purchase Hialeah Park from current owner John Brunetti, he also has contacted financially troubled Magna Entertainment about the possible sale of Santa Anita Park near Los Angeles and the company’s two Maryland Jockey Club tracks, Pimlico and Laurel. But after speaking with […]

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A MAJOR MINOR

By Ray Paulick Tell me if you’ve heard this one before: Wealthy individual who was extremely successful in other businesses and has a passion for Thoroughbred racing and breeding wants to buy a racetrack and incorporate his unique ideas to help bring the sport back to its glory days. That description could easily […]

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