Brilliant moves by Churchill

[GenuineRisk]

Originally Posted by Cannon Shell

People mistakenly believe that because of the name "Churchill Downs" the company is a racing company. They might as well be named Acme Gaming. They have decided that instead of trying to grow the racing product, they will just squeeze it for every drop of blood and then dump it when the politicians are desperate.

In other words, they are acting like every other large corporation, with the possible exception of Costco.

[Cannon Shell]

Originally Posted by GenuineRisk

In other words, they are acting like every other large corporation, with the possible exception of Costco.

No I'm just saying that they aren't what they were even 7-8 years ago. They didnt just go public.

[GenuineRisk]

Originally Posted by Cannon Shell

No I'm just saying that they aren't what they were even 7-8 years ago. They didnt just go public.

I'm saying that like every other large corporation they are maximizing short term profit at the expense of long term growth. I find it hard to believe they have a coherent long term plan to alienate the racing industry because most corporations aren't capable of thinking past the next quarter.

[Cannon Shell]

Originally Posted by GenuineRisk

I'm saying that like every other large corporation they are maximizing short term profit at the expense of long term growth. I find it hard to believe they have a coherent long term plan to alienate the racing industry because most corporations aren't capable of thinking past the next quarter.

Oh I believe you are mistaken as the elimination of racing would be a huge boon for them at all their current racing locations. Don't forget that they have invested in minor league harness tracks in Ohio simply for the slots license that the cache of being "Churchill Downs" allows them to get a leg up on. The idea that they have an interest in promoting C level harness racing would be a stretch. Fact is that they havent made a single move in the racing arena in a long time that hasnt alienated racing interests. Virtually everything at Calder. Virtually everything at FG. Virtually everything at AP. Virtually everything at CD. Eliminating the position of vice President of Racing for CDI. Cutting track maintenance budgets at a time when breakdowns and tracks surfaces are under the microscope. If they dont have a strategic policy to minimize racing outside of the Derby/oaks it would be the worlds biggest coincidence.