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Author Topic: Churchill Downs vs. Frank Stronach  (Read 1096 times)
Dr. Mel
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« on: April 20, 2013, 07:23:24 AM »

Who treats horsemen better?

I think Frank Stronach does a really good job taking care of the people who race because of his love for horses.
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mottoman
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« Reply #1 on: April 20, 2013, 07:39:03 AM »

I think Frank loves money more than horses.
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honest & balanced terry
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« Reply #2 on: April 20, 2013, 08:26:06 AM »

Frank seems to at least pretend to care some about the horsemen and racing. The disdain of Bob Evans et al at CDI for horsemen and horse racing could not be more blatant. It's a real 180 degree turnaround from the Tom Meeker regime.   
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"There are no $7500 maiden claimers, state-bred or otherwise, at Arlington."
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« Reply #3 on: April 20, 2013, 12:33:17 PM »

Frank seems to at least pretend to care some about the horsemen and racing. The disdain of Bob Evans et al at CDI for horsemen and horse racing could not be more blatant. It's a real 180 degree turnaround from the Tom Meeker regime.   

Totally agree Terry. AP (and IL Racing) have become "Corporate Orphans" under the ownership of CDI. I've been there, endured that in my business career. Never a good outcome. Though he clearly has not helped the situation in terms of working WITH the IL TB community in the last 3-5 years, when DD passes on I fear it will get worse.

The Magna vs CDI topic raises a question. Who is the current best Track owner/group in NA?
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« Reply #4 on: April 20, 2013, 12:39:14 PM »

CD moving their executive offices from the track to the burbs should have been a red flag.
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bnlong
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« Reply #5 on: April 20, 2013, 12:45:18 PM »

Who is the current best Track owner/group in NA

a Not for profit The Keeneland association
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Epsom Derby
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« Reply #6 on: April 20, 2013, 11:11:25 PM »

Stronach wins eight ways to Sunday. The Canucks only adopted him for his money.
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Mary Ann
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« Reply #7 on: April 21, 2013, 12:37:51 PM »

"Jim O'Donnell‏@jodonnell1740m
For race-trackers only: Deep-throat spec that complete break between Arl Pk and Churchill D Inc could be in best interests of t-bred biz."

I couldn't agree with him more. If Churchill ever sells Arlington to someone whose interests are horse racing, I'll start wagering on them again.
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APCD Dan
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« Reply #8 on: April 21, 2013, 12:45:31 PM »

"Jim O'Donnell‏@jodonnell1740m
For race-trackers only: Deep-throat spec that complete break between Arl Pk and Churchill D Inc could be in best interests of t-bred biz."

I couldn't agree with him more. If Churchill ever sells Arlington to someone whose interests are horse racing, I'll start wagering on them again.

I should have asked Jim as he was at Trackside yesterday.  There will be no split because CDI is now controlled by Mr. D., in my opinion.  Further, all recent AP actions have been initiated by AP, again, in my opinion.
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honest & balanced terry
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« Reply #9 on: April 21, 2013, 01:22:57 PM »

Further, all recent AP actions have been initiated by AP, again, in my opinion.

All except those actions that it's handy to blame on faceless out-of-state CDI, like excluding IL Derby from points system.  Roll Eyes
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"There are no $7500 maiden claimers, state-bred or otherwise, at Arlington."
Mary Ann
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« Reply #10 on: April 21, 2013, 01:34:13 PM »

I should have asked Jim as he was at Trackside yesterday.  There will be no split because CDI is now controlled by Mr. D., in my opinion.  Further, all recent AP actions have been initiated by AP, again, in my opinion.

Dan, he didn't say Arlington was going to be sold. He said if it were, it could be in the best interests of horse racing. I have to agree with that. All you have to do is look at all of the trouble CDI is causing in Illinois. I'm sure when Mr. D rebuilt Arlington, he never thought it would become a CDI track. Things change. I would like to see a split of Arlington from CDI but going to someone whose interests are horse racing.
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APCD Dan
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« Reply #11 on: April 21, 2013, 08:01:47 PM »

Dan, he didn't say Arlington was going to be sold. He said if it were, it could be in the best interests of horse racing. I have to agree with that. All you have to do is look at all of the trouble CDI is causing in Illinois. I'm sure when Mr. D rebuilt Arlington, he never thought it would become a CDI track. Things change. I would like to see a split of Arlington from CDI but going to someone whose interests are horse racing.

Let me explain again, CDI is Mr. D.  Mr. D is in control of the whole operation.  Arlington is only a part of his new empire.  There are no two separate entities called CDI and AP.  They are the same.  Is that clear?  CD does not tell AP what to do. 

Examples:  Arlington Park is now Arlington International again.  The stockholders' meeting is at Arlington for the first time.  Arlington is running rogue in its dealings with horsemen.  How did that happen?  Do you now get the picture?
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Mary Ann
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« Reply #12 on: April 21, 2013, 09:29:28 PM »

Let me explain again, CDI is Mr. D.  Mr. D is in control of the whole operation.  Arlington is only a part of his new empire.  There are no two separate entities called CDI and AP.  They are the same.  Is that clear?  CD does not tell AP what to do. 

Examples:  Arlington Park is now Arlington International again.  The stockholders' meeting is at Arlington for the first time.  Arlington is running rogue in its dealings with horsemen.  How did that happen?  Do you now get the picture?

Dan, Mr. D is the largest shareholder of CDI. To the best of my recollection, I believe he owns somewhere between 31-34% of it's shares. He is an independent director of CDI. Obviously, there will not be a sale of Arlington while Mr. D is involved.

http://www.reuters.com/finance/stocks/companyOfficers?symbol=CHDN.O

http://www.marketwatch.com/investing/stock/chdn/insiders?pid=16242
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APCD Dan
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« Reply #13 on: April 21, 2013, 10:59:05 PM »

HE IS CD!!!!!   He is Chairman of the Board!!   His son and a guy from his company are also directors on the board.
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« Reply #14 on: April 22, 2013, 03:46:08 AM »

 
 He may not have thought AP would be a CDI Track when he rebuilt AP, but bet he did when he "reopened" AP.

 Think there are some out there that think he pulled a "fast one" on the State Of IL on that deal.   Maybe ?

 But for sure the Sale of AP for CDI Stock put him in position to take control of CDI. 

 Now As Dan Says: " He is CD ."

 
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« Reply #15 on: April 22, 2013, 07:49:50 AM »

Folks please remember, ALL tracks in the country are in the business to make money first and formost. 
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honest & balanced terry
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« Reply #16 on: April 22, 2013, 09:52:57 AM »


 He may not have thought AP would be a CDI Track when he rebuilt AP, but bet he did when he "reopened" AP.

 Think there are some out there that think he pulled a "fast one" on the State Of IL on that deal.   Maybe ?

There were a lot of Illinois legislators who were royally pissed off that they gave him a deal to reopen the track, and then he immediately sold out to take the money and run. My State Senator was livid. And he's still in the Senate. How to win friends and influence people.
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"There are no $7500 maiden claimers, state-bred or otherwise, at Arlington."
Mary Ann
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« Reply #17 on: April 22, 2013, 10:07:54 AM »

I've read that Mr. D also has a limit on how much CDI stock he can own through an agreement. Here's something interesting I found while doing some research. He's a Democrat. Over the years, he's been making contributions to the Democrats although his last was to Republicans in Kentucky and that might have been to help get slots at the Kentucky tracks.
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« Reply #18 on: April 22, 2013, 10:42:26 AM »

There were a lot of Illinois legislators who were royally pissed off that they gave him a deal to reopen the track, and then he immediately sold out to take the money and run. My State Senator was livid. And he's still in the Senate. How to win friends and influence people.

He did take the money, but I don't think he ran. He's still the boss, and if possible, even more of the boss.
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« Reply #19 on: April 22, 2013, 12:37:11 PM »

. Here's something interesting I found while doing some research. He's a Democrat. Over the years, he's been making contributions to the Democrats although his last was to Republicans in Kentucky and that might have been to help get slots at the Kentucky tracks.

He is a Republican, people in his position make contributions to both parties and play both side of the coin.

http://articles.chicagotribune.com/1994-03-06/news/9403060253_1_riverboat-richard-l-duchossois-arlington-international-racecourse

"When the idea of casino gaming in Illinois was first debated several years ago, Duchossois, a well-connected Republican and leader of the state's track industry, voiced strong opposition. But since the boats arrived and racing revenues have fallen, he has changed his thinking."



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Mary Ann
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« Reply #20 on: April 22, 2013, 12:57:45 PM »

He is a Republican, people in his position make contributions to both parties and play both side of the coin.

http://articles.chicagotribune.com/1994-03-06/news/9403060253_1_riverboat-richard-l-duchossois-arlington-international-racecourse

"When the idea of casino gaming in Illinois was first debated several years ago, Duchossois, a well-connected Republican and leader of the state's track industry, voiced strong opposition. But since the boats arrived and racing revenues have fallen, he has changed his thinking."

That would make sense that he would contribute to whomever could help him most.
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« Reply #21 on: April 22, 2013, 01:54:07 PM »

Here's CDI's Corporate Governance Guidelines right from their web site:

http://files.shareholder.com/downloads/ABEA-4CIYZ4/2437069559x0x505091/b94ded73-8733-4602-ac24-113c74c52d07/Microsoft_Word_-_Corporate_Governance_Guidelines__Amended_3-15-11_.pdf

CDI's Chairman and CEO is Robert L. Evans:

http://www.churchilldownsincorporated.com/our_people/board_of_directors

Mr. D is Arlington's chairman and the chairman of the Elmhurst-based Duchossois Group Inc.:

http://articles.chicagotribune.com/2012-09-30/sports/ct-spt-0930-duchossois-horse-racing--20120930_1_arlington-chairman-dick-duchossois-duchossois-group
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APCD Dan
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« Reply #22 on: April 22, 2013, 04:23:44 PM »


Technically you are right and I am wrong on the titles.  Bob "the sausage man" Evans, as he is called by
Quote
Indian Charlie
is the Chairman and CEO, but I would add in title only or maybe just Chairman of Casinos.

As I said in an earlier post, Arlington is doing too many rogue things on their own to be under the thumb of CD.  Can you believe switching the stockholders' meeting to Arlington at the last moment when every stockholders' meeting ever held has been in Louisville?

Can you believe printing the garbage newsletters on the front page of the official web site would go unnoticed by corporate headquarters?

Do you tell your corporate headquarters that you are changing the name of the track from Arlington Park back to Arlington International on your own as Mr. D did?  When CD changed it to Arlington Park when the merger went through?

Do you think that logical negotiations between a big corporation and the horsemen would be carried out in a nonprofessional manner like this if there were somebody overseeing it from the top?

Do you see much advertising by Arlington for opening day or the Kentucky Derby two weeks out?  Will they be open or partially open?  What responsible company would do this to themselves?

You may be correct on the details but the real story is a personal vendetta going on here.  That trumps logic.
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« Reply #23 on: April 22, 2013, 04:46:23 PM »

Dan, I agree there's been a lot of crazy stuff going on with CDI/Arlington lately but what I see is the stakes are very high in Illinois right now with the possibility of internet gaming, even more so than slots. I wonder if all the CDI big wigs are coming in because they plan to also meet with the Illinois politicians in trying to cut some kind of a deal or wine and dine them. I can't help but think it all has to do with them making more money because that always seems to be their motive.
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« Reply #24 on: April 22, 2013, 07:43:42 PM »

I can't help but think it all has to do with them making more money because that always seems to be their motive.

That is the motive of everyone involved in any facet of racing. Hot walkers, trainers, tracks, owners, ticket takers... everyone is angling to make more money.
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