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Employees at Santa Anita Park fear bankruptcy of its parent company Magna Entertainment Corp (MEC). Chairman Frank Stronach said the horsemen would not have to worry about any of their monies. Paymaster accounts total $11 million at Santa Anita Park. The accounts contain money earmarked for winning owners, who must pay a percentage of those earnings to jockeys and trainers. Magna Entertainment Corp. has lost $500 million in the past 5 years.

https://arcadiahistory.andornot.com/en/permalink/newspaper31396
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
More detail
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
Subjects
Bankruptcy
Magna Entertainment Corp (MEC)
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31589AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp. (MEC), owner of Santa Anita Park, has filed for Chapter 11 bankruptcy protection. Santa Anita Park may be sold to pay off Magna's debts. Frank Stronach paid $126 million for Santa Anita Park in 1996. The track has three potential buyers, including a group from Asia.

https://arcadiahistory.andornot.com/en/permalink/newspaper31399
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A1, A12
More detail
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A1, A12
Subjects
Bankruptcy
Economy
Magna Entertainment Corp. (MEC)
Santa Anita Park - 2001-2010
Item ID
31592AN
Collection
Newspaper Index
Less detail

Although Magna Entertainment Corp. (MEC) , the parent company of Santa Anita Park race track, filed for bankruptcy protection yesterday, the fate of the track's paymaster accounts remains uncertain. The bankruptcy judge could declare the $15 million, which was placed in the joint trust account, an asset of MEC and order it frozen.

https://arcadiahistory.andornot.com/en/permalink/newspaper31404
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A12
More detail
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A12
Subjects
Bankruptcy
Magna Entertainment Corp. (MEC)
Santa Anita Park 2001-2010
Item ID
31597AN
Collection
Newspaper Index
Less detail

Since Magna Entertainment Corp., the owner of Santa Anita Park, has filed for Chapter 11 bankruptcy. The race track will be auctioned off in September. That land is zoned for horse racing. Jason Kruckeberg, Arcadia's Development Services Director, said it will remain as a race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper31453
Newspaper
Pasadena Star News
Date
May 5, 2009
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
May 5, 2009
Pages
p. A1, A4
Subjects
Auctions
Bankruptcy
Magna Entertainment Corp.
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31646AN
Collection
Newspaper Index
Less detail

Santa Anita Park's parent company, Magna Entertainment Corp., faces the threat of bankruptcy amid mounting losses and a $600 million debt burden. The current racing season and status are unaffected. Frank Stronach of Magna Entertainment Corp. said he was looking for partners for the track.

https://arcadiahistory.andornot.com/en/permalink/newspaper31390
Newspaper
Pasadena Star News
Date
February 23, 2009
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
February 23, 2009
Pages
p. A1, A4
Subjects
Magna Entertainment Corp.
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31583AN
Collection
Newspaper Index
Less detail

Santa Anita Park owner Frank Stronach is coming to town this weekend to meet with local horsemen to talk about the state of the sport. He'll also meet with an engineer to discuss the pros and cons of a proposed new racing surface consisting of dirt, sand, and a small amount of fiber. He says it is a very safe surface. The question remains, who will foot the bill for it, since Stronach's Magna Entertainment Corporation (MEC) filed for Chapter 11 bankruptcy last year.

https://arcadiahistory.andornot.com/en/permalink/newspaper31914
Newspaper
Pasadena Star News
Date
February 26, 2010
Pages
p. C1
More detail
Newspaper
Pasadena Star News
Date
February 26, 2010
Pages
p. C1
Subjects
Horses and horse racing
Magna Entertainment Corporation (MEC)
Race track surfaces
Santa Anita Park - 2001-2010
Stronach, Frank
Synthetic tracks
Item ID
32111AN
Collection
Newspaper Index
Less detail

Telephone and online wagering was approved by the California Horse Racing Board on Thursday. Now gamblers may place bets at Santa Anita Park from home.

https://arcadiahistory.andornot.com/en/permalink/newspaper22671
Newspaper
Pasadena Star News
Date
January 26, 2002
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
January 26, 2002
Pages
p. A1
Subjects
Santa Anita Park - 2001-2010
Item ID
22883AN
Collection
Newspaper Index
Less detail

Trainers and owners found to have sent injured or retired racehorses to slaughter will be banned from running or stabling horses at Santa Anita Park under a new policy from Magna Entertainment Corporation. Santa Anita Park President Ron Charles hopes to ensure the safety of its racehorses by monitoring injured or retired horses and keeping dealers known to sell horses for slaughter off the property. The policy was entered into the track's horseman's agreement, which governs racing terms and conditions.

https://arcadiahistory.andornot.com/en/permalink/newspaper31307
Newspaper
Pasadena Star News
Date
December 1, 2008
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
December 1, 2008
Pages
p. A1, A4
Subjects
Charles, Ron
Gray, Leigh
Horses and horse racing
Magna Entertainment Corporation
Safety policies
Santa Anita Park - 2001-2010
Thoroughbred Rehab Center
Item ID
31502AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso, whose stalled $500 million, 820,000 square feet retail project "The Shops at Santa Anita," is planned for Santa Anita Park's south parking lot, said he has "no control" over possible bankruptcy at the race track's parent company, Magna Entertainment Corp. (MEC). Caruso said he was still planning to go ahead with his mall and would "wait and see what happens and deal with it." Any reorganization at Magna Entertainment Corp. may delay the mall plans.

https://arcadiahistory.andornot.com/en/permalink/newspaper31397
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
More detail
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
Subjects
Bankruptcy
Caruso, Rick
Developers
Land use
Magna Entertainment Corp. (MEC)
Malls
Santa Anita Park - 2001-2010
The Shops at Santa Anita
Item ID
31590AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corporation, owners of Santa Anita Park race track, is bidding to purchase the September race dates at the Los Angeles County Fair for September 13-29. The Breeders Cup will be returning to Santa Anita Park next October after a gap of ten years.

https://arcadiahistory.andornot.com/en/permalink/newspaper30231
Newspaper
Arcadia Weekly
Date
April 25, 2002
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
April 25, 2002
Pages
p. 1
Subjects
Breeders Cup
Horse racing
Los Angeles County Fair
Santa Anita Park - 2001-2010
Item ID
30418AN
Collection
Newspaper Index
Less detail

The Oak Tree Racing Association lost its lease to operate its fall horse racing meet at Santa Anita Park. Oak Tree has operated a fall meet at the track since 1969. Due to bankruptcy restructuring, Frank Stronach's company MI Developments took control of Santa Anita Park from Stronach's Magna Entertainment Corp (MEC). MI Developments wants to negotiate a new lease agreement with Oak Tree for fall racing.

https://arcadiahistory.andornot.com/en/permalink/newspaper32062
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32259AN
Collection
Newspaper Index
Less detail

Faithful fans, such as Antonio Reyes, are missing the presence of Oak Tree Racing at Santa Anita Park this year. He says he will watch on television and bet off-track. Oak Tree is running at Hollywood Park in Inglewood starting today and next year too.

https://arcadiahistory.andornot.com/en/permalink/newspaper32189
Newspaper
Pasadena Star News
Date
September 30, 2010
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
September 30, 2010
Pages
p. A1, A4
Subjects
Hollywood Park Race Track
Horses and horse racing
Oak Tree racing
Santa Anita Park-2001-2010
Item ID
32388AN
Collection
Newspaper Index
Less detail

The new Oak Tree season began at Santa Anita Park on a new "cushion track" that cost more than $10 million. The article includes photos.

https://arcadiahistory.andornot.com/en/permalink/newspaper30736
Newspaper
Pasadena Star News
Date
September 27, 2007
Pages
p. News 1
More detail
Newspaper
Pasadena Star News
Date
September 27, 2007
Pages
p. News 1
Subjects
Horse racing
Oak Tree racing
Santa Anita Park - 2001-2010
Item ID
30924AN
Collection
Newspaper Index
Less detail

Lava Man, with exercise rider Tony Romero, takes a jog on the Santa Anita Park race track's new surface, a Cushion Track that cost more than $10 million.

https://arcadiahistory.andornot.com/en/permalink/newspaper30706
Newspaper
Pasadena Star News
Date
September 5, 2007
Pages
p. Sports 1
More detail
Newspaper
Pasadena Star News
Date
September 5, 2007
Pages
p. Sports 1
Subjects
Cushion Track
Horses and horse racing
Lava Man
Santa Anita Park - 2001-2010
Item ID
30894AN
Collection
Newspaper Index
Less detail

Friends and family remember famed rider, Johnny Longden. Less than a mile from the Santa Anita Park race track where much of his legendary status was built, Johnny Longden was honored in a funeral service at Church of the Good Shepherd.

https://arcadiahistory.andornot.com/en/permalink/newspaper25199
Newspaper
Pasadena Star News
Date
February 25, 2003
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
February 25, 2003
Pages
p. A1
Subjects
Longden, Johnny
Santa Anita Park 2001 - 2010
Item ID
25395AN
Collection
Newspaper Index
Less detail

Santa Anita Park concluded its 2002-2003 season on April 20 with a total of more than $1 billion wagered during the 85-day meet. Average daily handle was $11.8 million, representing a decrease of approximately 2% from 2002.

https://arcadiahistory.andornot.com/en/permalink/newspaper31429
Newspaper
Arcadia Weekly
Date
May 1, 2003
Pages
p. 18
More detail
Newspaper
Arcadia Weekly
Date
May 1, 2003
Pages
p. 18
Subjects
Horses and horse racing
Santa Anita Park - 2001-2010
Item ID
31622AN
Collection
Newspaper Index
Less detail

Santa Anita Park president Jack Liebau recently resigned because of disagreements with Magna Entertainment's Frank Stronach over the direction the track is headed.

https://arcadiahistory.andornot.com/en/permalink/newspaper27465
Newspaper
Pasadena Star News
Date
January 28, 2004
Pages
p. C1
More detail
Newspaper
Pasadena Star News
Date
January 28, 2004
Pages
p. C1
Subjects
Santa Anita Park 2001 - 2010
Liebau, Jack
Item ID
27662AN
Collection
Newspaper Index
Less detail

Race horse "Zenyatta" carries jockey Mike Smith to victory at yesterday's Grade I $250,000 Santa Margarita Handicap at Santa Anita Park. Ann and Jerry Moss own Zenyatta.

https://arcadiahistory.andornot.com/en/permalink/newspaper31931
Newspaper
Pasadena Star News
Date
March 14, 2010
Pages
p. C1
More detail
Newspaper
Pasadena Star News
Date
March 14, 2010
Pages
p. C1
Subjects
Horses and horse racing
Moss, Ann
Moss, Jerry
Santa Anita Park - 2001-2010 - Santa Margarita Handicap
Smith, Mike
Zenyatta (race horse)
Item ID
32128AN
Collection
Newspaper Index
Less detail

Santa Anita Park is making a bid for the 2012 Breeders' Cup. Former Breeders' Cup CEO Greg Avioli has taken over as Chief Executive Officer of Stronach Entertainment, and now oversees Stronach Group's race tracks and other assets. Avioli's experience brings strength to Santa Anita Park's bid. Santa Anita Park last hosted the Breeders' Cup in 2008 and 2009. The city of Arcadia gets one-third of 1 percent of all monies bet on the track. The event generated nearly $57,000 in betting handle in 2008 and nearly $58,000 in 2009 for the city.

https://arcadiahistory.andornot.com/en/permalink/newspaper32461
Newspaper
Pasadena Star News
Date
July 13, 2011
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
July 13, 2011
Pages
p. A1, A4
Subjects
Avioli, Greg
Breeders' Cup
Horses and horse racing
Santa Anita Park--2011-2010
Item ID
32649AN
Collection
Newspaper Index
Less detail

Santa Anita Park's ownership changed hands on April 30 after Frank Stronach's Magna Entertainment Corp. (MEC) transferred many of its assets to Stronach's MI Developments (MID) (one of MEC's creditors), as part of a bankruptcy restructuring plan. Last week MI Developments, a real estate operating company, canceled its 2005 agreement with Caruso Affiliated to develop to the proposed mall known as The Shops at Santa Anita, but this week MI Developments hopes to work out a deal with developer Rick Caruso to build an upscale retail project in the track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper32030
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Stronach, Frank
Item ID
32227AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.