Magna Entertainment Corp (MEC) - Some Perspective

Catching up on some posts tonite and have noticed some threads/comments on Magna.

As background, there are three major entities in US racing today - MEC (Magna), Churchill Downs Inc., and NYRA. Only one of the three is headed by a person who owns, breeds, races and loves thoroughbreds - Frank Stronach of MEC.

CD has been headed for the past 15+ years by Tom Meeker, who does not own, race, breed or otherwise care about TB horses except for how they affect CDI's bottom line and stock price. NYRA has the best franchise in the sport but has almost been driven to bankruptcy b/c of corruption.

MEC is headed by Frank Stronach, who has invested hundreds of millions of dollars of his own money to enhance the TB industry. No one at CD (for sure) or NYRA can say the same.

Has he (Stronach) made mistakes? Absolutely. At least they were mistakes that had the best interest of TB racing in mind.

Stronach should be lauded for his efforts and investment. We need more like him.

LR