Magna Entertainment Corp (MEC) - Some Perspective

I like all 3 entities. However, NYRA cannot operate as a non-profit. It just doesnt work for them. Stronach is awesome. I love this guy and his passion and his vision. CDSI knows how to make money and they have to report to the share holders. But Frank also has to answer to his share holders and they are not very happy. But he has taken so many one time charges that it hurts his bottom line. Frank or CDSI will do wonders for New York Racing. If the NYRA could be a for profit company I think they could do a much better job. New York has the best facilities and the best racing in the nation year round and it should have a top rate organization running it.

[blackthroatedwind]

Considering Bill Nader, who is currently one of the top dogs " running " racing in New York, is 1-9 to be offered AT LEAST his current job by anybody who might get the NYRA franchise, I find it hard to understand why you would feel another entity would do a better job running NY racing.

Originally Posted by blackthroatedwind

Considering Bill Nader, who is currently one of the top dogs " running " racing in New York, is 1-9 to be offered AT LEAST his current job by anybody who might get the NYRA franchise, I find it hard to understand why you would feel another entity would do a better job running NY racing.

I know he will be the top dog but he will be under a certain amount of "restraint." CDSI and MEC are for profit companies. Whenever you have someone to answer to, the product is better. Right now NYRA is a good ole buddy system with no checks and balances. This is why another entity would do a better job.

[blackthroatedwind]

Originally Posted by eurobounce

Right now NYRA is a good ole buddy system with no checks and balances. This is why another entity would do a better job.

Actually, for the last few years NYRA has been overseen by NY State government. Sounds like at least " checks and balances " to me.

Originally Posted by blackthroatedwind

Actually, for the last few years NYRA has been overseen by NY State government. Sounds like at least " checks and balances " to me.

Are you kidding me. Like the gov't is going to have checks and balances--lol. Plus if it was run correctly, then the gov't would of had to step in.

[sumitas]

At least if you award the bid to the NYRA NY won't have to hassle over who owns the properties.

Originally Posted by sumitas

At least if you award the bid to the NYRA NY won't have to hassle over who owns the properties.

No, but you will be able to buy them at the bankruptcy auction.

NYRA is corrupt trash. They ruined a great franchise with their corrupt organization. Enough with the non-profit fraud they have been pulling too. Non-profit horse racing. Non-profit business=corrupt business. Lets get some new blood in there.

[blackthroatedwind]

Originally Posted by eurobounce

Are you kidding me. Like the gov't is going to have checks and balances--lol. Plus if it was run correctly, then the gov't would of had to step in.

Not sure what you mean. However, if you are suggesting that the government hasn't been overseeing just about everything NYRA has done over the last few years then I can absolutely guarantee you that you are wrong.

Furthermore, if you are suggesting the government moved in simply because NYRA wasn't running racing " correctly " then you are not looking at the situation with an unbiased eye.

Originally Posted by blackthroatedwind

Not sure what you mean. However, if you are suggesting that the government hasn't been overseeing just about everything NYRA has done over the last few years then I can absolutely guarantee you that you are wrong.

Furthermore, if you are suggesting the government moved in simply because NYRA wasn't running racing " correctly " then you are not looking at the situation with an unbiased eye.

I know the Gov't has been overseeing the NYRA for the past couple of years. What I am suggesting is that the Gov't is a buddy buddy systems with worse checks and balances than the NYRA. Pataki is fine but what does the State Gov't know about running a race track.

[SCUDSBROTHER]

His network(HRTV)is crap.His betting site (that he strongarms people to join) is crap. The track redesign of Gulfstream is crap.You can't play his tracks through TVG(gee, wonder why we despise the guy?)He wants to force a g d shopping center up alongside the tracks.He wants to tear everything up to fit his own f'n eye.You know what? So be it,but you really shouldn't be surprised that he has enemies(he made every single one of them.)Long ago he decided to force people to do things(instead of allowing them to choose to do things.)He is a divider(plain and simple.)Funny how if you throw your weight around,and force people to do things the way you see fit,you are probably going to be despised.Just kind of works out that way. He changed the date of the Florida Derby to satisfy his own selfish needs.You know what ,Big Dog...get your bud to change that back to the traditional date,because it is probably the most disgusting thing he has ever done(or allowed to be done...since he always says he has no part in such decisions.)