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Originally Posted by Cannon Shell
Why do you say this? Santa Anita will not continue to be a racetrack if it does not make money. There is no alternate form of revenue so who would step forward to buy it? If Magna entertainment gets out of the racetrack business who will buy it as a racetrack? And with the development on the property what racing entity could afford to purchase GP and keep it running? The board of Magna Int has already tried to shutdown ME in court but who stops them if Frank isnt around? His wife? I doubt she will go to the trouble.
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Santa Anita has been there for a long time (since 1935, and its earlier incarnation, from before 1900.) It is unlikely to be tossed onto the scrapheap without a fight, unlike minor tracks like GLD. And who says that SA is losing money? As indicated, MEC includes lots of smaller venues and ancillary businesses. But the biggest problem is poor management decisions, like the Sunshine Millions - all that money, diverted from other, open stakes races, to reward inferior horses? It is possible to run a racetrack profitably; buying a major MEC track at a discount because the previous management were idiots would be a smart move for, say, Churchill Downs' conglomerate.