MI Development Ends Contract with Oak Tree

[Danzig]

Originally Posted by Kasept

Spoke to several current and former Magna executives at Pimlico yesterday, and the strange MI Developments move with Oak Tree absolutely tables the unannounced BCL decision for now... At the same time, MID may only have voided the deal in advance of reopening negotiations with Oak Tree as they re-evaluate ALL of Magna Entertainment's businesses. But Oak Tree Association owns the fall dates. The BC cannot hold the Cup at Santa Anita without that access. Stronach's speculation that he can force deregulation of the California dates is strictly speculation.

MI Developments foisted a bizarre couple of days at the end of the week with the Oak Tree move and completely blindsided move to back out of TrackNet.

and it seems just weeks before, oak tree thought a new contract was in the bag. very strange. but than again, with it being magna we're discussing, maybe not so strange...no doubt it my mind this ties in with stronach deciding, and then changing his mind, on the track surface change at santa anita. i think this is all movement on his part to try to get his way with the changes he's been advocating with cali racing. frank has to think he's got a strong position, based on sanan and others talk of wanting santa anita as the permanent host. how bad do they want it? what can he get from it?