Del Mar Online Racing Community
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Sharp post. Jack Liebau's business plan and management has shutting down two racetracks. That's quite a resume but considering how much they have benefited financially, I'm sure they don't care much about the folks being displaced.
It goes to show you how stupid people can be when they're rich
He took a Beauty race track and killed it with his business plan management and no guts to say no to the TOC , when the land was up for sale, he should have the guts to grab it with investors
and a bond plan to pay it back
How does a track lose money, hire him to run things.
Bay Meadows was shut down because they weren't granted a waiver for their dirt surface. Some of the statistics of racing fatalities included horses who died in their stalls of various causes. Prior to 2008 any horse dying for any reason was counted as a racing fatality at the closest track. Plus wanted Golden Gate to be the only track up there. Politics shut down Bay Meadows. That began the bad relationship with Owners of Bay Meadows and Hollywood Park. They did not want to shut down Bay Meadows but they did not want to pay for a new synthetic surface when their surface was fairly safe.
Takeout Changes Need Examining, Liebau Says
Updated: Friday, January 18, 2013 2:27 PM
http://www.bloodhorse.com/horse-racing/ ... iebau-says
Betfair Hollywood Park president Jack Liebau told the California Horse Racing Board Jan. 17 that it's time to revisit racing's business model with regard to pari-mutuel takeout.
Liebau made his remarks during the public comment period of the CHRB's meeting at Santa Anita Park, a short time before announcing Hollywood Park would return for its fall 2013 meet. He said the track plans to hold an open forum for stakeholders, regulators, and representatives of the wagering public to discuss changes in racing's business model so the sport can "improve and prosper."
"I am not yet a proponent of permanently lowering takeout," Liebau said, referring to the amount the state deducts from pari-mutuel wagering for purses, track commissions, and other things. "But I do believe it needs to be openly discussed by the stakeholders, and experiments with takeout should be undertaken."
Read more on BloodHorse.com: http://www.bloodhorse.com/horse-racing/ ... z2RTERWR8f
again a public meeting or with the stockholders,
What I am trying to say, the man doesn't what he is doing, he is trying to please the wrong people, this happens in business all the time. The track was one part of the problem there was others issues.
It's to like to put the toothpaste back in the tube, one can't, it's all over and he can't face the truth.
Liebau has no control over the Owners.
He is no president , he had a huge job and he was lucky enough to sit in the seat , however, he thought he could do the job, when he realized he lost control, he should have step down. But people can't, the power goes to ones head, we see this all the time.
He just couldn't say no to the TOC, you say they have the control, he could have use other means to run horses there. They're ways, however, it's to late now.
Just just wouldn't listen to businessmen that know the business, Now the State is in panic mode to save horse racing.
Give a fair shake to the player and the players will play. California doesn't.
I said this years ago, bend with the time or brake and die.
WTF??? Did I leave the house with toothpaste all over my face again???
By the way, can someone who speaks his language explain the sentence above?
Last edited by Claimboxx on Thu Apr 25, 2013 6:38 am, edited 1 time in total.
Terrence Fancher is the guy in charge. Since the economy is showing some signs of recovery the land has become more valuable the last couple of years. My guess is that it would take something in the 350 million range to buy it. Jack runs the racing but has zero control over the closing.
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