dennis mills

MID SAYS NEED FOR NEW TRACK SURFACE PART OF REASON FOR NO OAK TREE MEET

After the news that Oak Tree would need to look for a new location to run its meets for 2010/2011, MID CEO Dennis Mills explains that part of the reason for this is a desire to change surfaces. “The biggest challenge that exists in California is the racing surface (at Santa Anita). That is […]

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MID TO OAK TREE: GO FOR PLAN B OR C

It appears that Oak Tree Racing Association will officially not be running its meet at Santa Anita this year according to a report by Larry Stewart of the Thoroughbred Times. This will be the first time since 1969 that the popular California not-for-profit will have to move its operations from the racetrack in Arcadia. […]

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28 SEEK ELECTION TO BREEDERS’ CUP BOARD

It’s that time of year again. Time for the Breeders’ Cup board of members and trustees elections to take shape. This year’s group includes 28 candidates including 10 who are seeking reelection. The candidates are: Antony Beck Reynolds Bell Jr. Niall Brennan Case Clay Jerry Crawford Edward P. Evans Bobby Flay Thomas Gaines Greg Goodman […]

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‘WE’RE NOT GOING AWAY, FRANK’

By Ray Paulick William Bayne Jr. is a longtime horseplayer and horse owner who lost more than $2 million he invested in Frank Stronach’s now bankrupt Magna Entertainment (MEC). After a United States bankruptcy court judge recently approved a settlement plan transferring the assets of MEC to another Stronach-run company–MI Developments–but giving zero to MEC […]

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MAGNA’S SPIN RUBS SALT IN WOUNDS

By Bradford Cummings In Kentucky last night, outsider candidate Rand Paul defeated “establishment” candidate and current Secretary of State Trey Grayson by a landslide in the Republican primary. At every turn, Paul described his opponent as a “career politician” who wasn’t a true conservative. While this may have won him the primary, there are […]

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‘WE’RE NOT STRONG-ARMING ANYONE’

When someone says it isn’t about the money, you know to put a hand on your wallet. And when your girlfriend says it’s not you, it’s me, it’s probably you. So it is understandable that one might be left a bit skeptical after MI Developments CEO Dennis Mills insisted “we’re not strong-arming anyone.” Clearly the […]

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MINOR FED UP WITH MAGNA

By Ray Paulick Saying he is fed up with what he called the “most unprofessional process” he has ever seen, Internet entrepreneur and Thoroughbred owner Halsey Minor told the Paulick Report he has withdrawn from the bidding for the bankrupt Magna Entertainment (MEC) racetracks.“Magna Entertainment was to bankruptcy when dead what Magna Entertainment was to […]

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MAGNA: HOW DID WE GET HERE?

By Ray Paulick(UPDATE: Magna Entertainment filed for Chapter 11 bankruptcy protection today. Click here for the company press release, with details on the filing.)  What a long, strange trip it’s been. Hard to believe, but it’s been just over 10 years since Frank Stronach dove head-first into racetrack ownership with his December 1998 […]

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MINOR CALLS MAGNA PROPOSAL ‘PREPOSTEROUS’

By Ray Paulick Halsey Minor thought he would be meeting with MI Developments (MID) chief executive officer Dennis Mills in Baltimore, Md., on Wednesday morning to discuss Minor’s proposed buyout of the company’s $100-million loan to Magna Entertainment (MECA), the financially beleaguered racetrack company that operates Santa Anita Park and Golden Gate Fields in […]

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MI DEVELOPMENTS UNDER FIRE FOR IGNORING MINOR OFFER

By Ray Paulick MI Developments, the publicly traded real estate concern that is the largest single shareholder in racetrack operator Magna Entertainment, is under fire again from one of its biggest shareholders, this time for ignoring an offer from technology entrepreneur Halsey Minor to buy the outstanding loans Magna Entertainment has been unable to repay […]

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