Tag Archives: MI Developments
Maryland Thoroughbred Horsemen take a Stand & Frank Stronach relinquishes control of MI Developments
See Story below after first one.
” Horsemen’s representatives said the MJC is seeking things they find unacceptable, including a shift in purse revenue to the operator; a pari-mutuel takeout increase; and closure of the Bowie Training Center, which is mandated to remain open by law.
Alan Foreman, general counsel for the Maryland Thoroughbred Horsemen’s Association, after the meeting said action must be taken within 48 hours to avoid a shutdown of racing. He said the problems stem from a dysfunctional partnership between MID and PNGI.
“It’s so complicated,” Foreman said. “We thought it was time to say enough is enough. Since (MID, formerly Magna Entertainment Corp.) took over it has been one disaster after another. We need to put a stop to this.”