Frank Stronach Honored with Eclipse Award of Merit

01.26.2018 -

Over the course of his prodigious career, Frank Stronach became Thoroughbred racing's largest racetrack operator and paralleled those business acquisitions with his prowess as an owner and breeder to become the most decorated individual in Eclipse Awards history, winning 12 championship trophies.

On January 25, Stronach received another, more personal trophy when the National Thoroughbred Racing Association (NTRA), Daily Racing Form, and the National Turf Writers and Broadcasters (NTWAB) honored the native Austrian with the Eclipse Award of Merit for a lifetime of outstanding achievement in service to the Thoroughbred industry. 

"I am flattered and touched to be recognized with the prestigious Eclipse Award of Merit," Stronach said. "Horses and racing have been my passion, my labor of love, since I was a boy. It's been an honor to be part of this great sport and help in creating world-class races, facilities, and training centers with our friends, partners, and co-workers. What's most important, however, has been working and being around the incredible horses. I want to share this award with all of those who have contributed to all our success." 

Read Mr. Stronach's full Eclipse Award speech below.

Stronach purchased his first Thoroughbred in 1962. He later teamed with Nelson Bunker Hunt to campaign the talented filly Glorious Song to the 1980 Sovereign Award as Canada's Horse of the Year. Stronach established Adena Springs near Versailles, Ky., in 1989 and made it into a breeding powerhouse. Stronach owns and operates Adena Springs Farm, with locations in Kentucky, Florida, and Canada. In 2017, he announced his intention to develop a division of Adena Springs in California. 

While he was enjoying success as an owner and breeder, shortly after his Awesome Again  won the 1998 Breeders' Cup Classic (G1), Stronach saw an opportunity to expand his passion for the Thoroughbred into racetrack property acquisition, where few other entrepreneurs were willing to venture. Stronach began to acquire racetracks under the Magna Entertainment brand on a grand scale. He bought Santa Anita Park near Los Angeles late in 1998. The purchase of historic Santa Anita was followed by the acquisition of Gulfstream Park in South Florida and Golden Gate Fields in the Bay Area, the following year. The purchase of the Maryland Jockey Club tracks of Pimlico Race Course, home of the middle jewel of the Triple Crown, the Preakness Stakes (G1), and Laurel Park; and Lone Star Park near Dallas, followed in 2002. In a short time, Magna Entertainment became the largest racetrack operator in North America.

Through a reorganization in 2007, the tracks became owned under the name of The Stronach Group, with Frank Stronach as its founder and initial chairman. His daughter Belinda now serves as chairman and president of the company. 

Stronach transformed Gulfstream into a racetrack, casino, entertainment center, and a sprawling shopping village with popular restaurant and retail store outlets. In 2001, he began development of the Palm Meadows training center, located 45 minutes north of Gulfstream, which proved a vital training facility for the Florida Thoroughbred racing community. 

At Santa Anita, he created the FrontRunner restaurant and turned it into one of racing's most popular and entertaining locations for fans to enjoy a day at the races. 

In November of 2002, Stronach launched Xpressbet, an advance deposit wagering service. In 2006, he acquired AmTote, the largest totalizator company in North America. 

In recent years, Stronach has constructed more stabling at Gulfstream and made state-of-the-art renovations at Laurel on both the frontside and backstretch of the facility. 

"You've got to be innovative," Stronach said a few years ago. "If you want to be No. 1 you need to make a big investment to attract people. You know, a turtle only makes progress if he sticks his neck out a little." 

In 2017, Stronach took innovation and boldness to the next level by creating the world's richest horse race, the $12 million Pegasus World Cup Invitational Stakes (G1) where slots in 12 starting gate positions were sold for $1 million apiece to individual ownership groups. The inaugural running at Gulfstream on Jan. 28, 2017, was won by reigning 3-year-old champion male Arrogate . The second Pegasus World Cup, which will be contested Jan. 27, now carries a $16 million purse. 

"Frank Stronach has had an undeniable impact on the Thoroughbred industry, accentuated by his tremendous commitment to excellence in so many facets of our sport," said NTRA president and CEO Alex Waldrop. "Through his indomitable will, spirit, and bold business ventures, Frank has built a tower of tremendous accomplishments with The Stronach Group, Adena Springs and now the world's richest horse race, the Pegasus World Cup. We salute him as a most deserving Award of Merit recipient." 

The Stronach Group CEO Tim Ritvo echoed those sentiments as he introduced Stronach.

"I can only imagine what this game would have been like without him." 

Over the past 20 years, Stronach has earned unprecedented individual milestones as an owner and breeder. He has captured the outstanding breeder Eclipse Award a record eight times (2000, 2004-2008; 2010-2011) and has been honored as the outstanding owner on four occasions (1998-2000, 2008). Stronach-campaigned horses have won five Eclipse Awards: Glorious Song, 1980 champion older female; Macho Uno , 2000 champion 2-year-old male; Ghostzapper , the 2004 Horse of the Year and champion older male; and Ginger Punch, 2007 champion older female. He has won five Breeders' Cup races, including the Classic twice with Awesome Again and Ghostzapper. Stronach also won the 2002 Preakness with Red Bullet. 
Adena Springs was also the leading money-earning breeder in North America for 11 consecutive years (2003-2013), and was second in 2016. Stronach was the leading North American owner in earnings in 2000, 2002 and 2007. 

Stronach also has won more than 20 Sovereign Awards in Canada. He has been honored nine times as Canada's outstanding owner along with 11 Sovereign Awards as its outstanding breeder. He also campaigned multiple Sovereign Award winner and 1980 Canadian Horse of the Year, Glorious Song. 

As a supporter of important Thoroughbred causes, Stronach created the Adena Springs Retirement Program in 2004 with locations in Florida and in Canada, which were the first in-house retirement and rehoming programs within the industry established at such a grand scale. Stronach also created aftercare and retirement programs at his racetracks. These endeavors earned him the inaugural Earle I. Mack Thoroughbred Retirement Foundation Champion Award, honoring outstanding efforts and influence on Thoroughbred welfare, safety, and retirement. 

Prior to his beginnings in the Thoroughbred industry, Stronach made his name in the auto parts business. Born in 1932, Stronach emigrated from Austria to Canada as a 21-year-old with $200 in his pocket, and started a one-man tool and die shop in a rented garage, sleeping at night next to a lathe. Working in the Toronto manufacturing district, Stronach steadily built his Multimatic company, with a series of mergers and acquisitions, into Magna International Inc., and by 1998 he developed it into one of the world's largest and most diversified suppliers of automotive components with annual sales of more than $30 billion and over 120,000 employees in close to 30 countries. 

"I always tell my business friends how much fun it is to own a racehorse. It's not just the sporting aspect, you benefit from the culture of it," Stronach said.

In 1999, Stronach was honored with the Order of Canada, which recognizes outstanding achievement, dedication to the community, and service to the nation.

Frank Stronach - A Man For All Seasons (produced by the NTRA for the 2018 Eclipse Award of Merit)

Frank Stronach's Full Eclipse Award Speech:

There is an old saying, the world is a stage and we all play a part in it. Tonight, the stage belongs to the great horses of 2017. We want to celebrate and honor those horses, and the people which were involved with those horses – the owners, trainers, grooms, jockeys, and breeders, and many others. Without these people there would be no horse racing.    

I believe it is long overdue that the NTRA should get an Eclipse Award for organizing and putting on a great show – to keep the spirit of horse racing alive. We also have to realize without racetracks there would be no horse racing and the economics do not look very good for racetracks. On every table there is a copy of my latest book which just came off the press with the title The Questions of All Questions, Where Did We Come From and Where Are We Going? 

We have a good idea where horse racing came from, but we as horse people need to sit down and think about where are we going. In life you have to look back in order to see the future. When we look back approximately thirty years the betting handle was approximately 15 billion dollars per year, which would in today’s dollars be at least 75 billion per year. Right now the betting handle is approximately 11 billion per year. This is a dramatic decline in betting handle.

Horse racing faces many challenges, from lotteries to casinos and now most likely sports gaming. Horses are liked all over the world, there is no politics involved, no religion. For business people horses are great equalizers to connect with nature and a chance to get away from mundane activities and the pressure of work.    
The horse has been man’s great friend, and has made a great contribution to the civilization of mankind. Especially, since not that long ago, the American West was settled relatively quickly with the help of horses. People love to have pets. It connects them with nature, from birds to cats to dogs. But of large animals the horse is most loved and wanted.    
Of course there are always exceptions. I know of a little girl which came into the pet store and said with a sweet voice, I would like to buy a rabbit.
The sales lady asked her “do you want to have a white rabbit or a black rabbit?” The little girl said, “my anaconda snake does not care if it is white or black.”  But I know most girls love horses…    

I remember my granddaughter when I sat her for the first time on a pony, her eyes were gleaming – they are still gleaming.    

I also know that horse owners are the most independent entrepreneurs. I would like to state here, the Stronach Group does not seek to dominate horse racing. But we would like to interface with all the stakeholders, horse owners, breeders, trainers, jockeys, racetracks, the NTRA and the Jockey Club. I believe if we the stakeholders work together we can get horse racing to a higher level.    

The year 2018, should be the year of the horse. I would like to interface with the Stakeholders, and establish some priorities:      
1. We should establish a horse racing Charter of Rights.      
2. We should establish a marketing plan for the whole industry with the focus, how do we get young people to the races.      
3. A responsibility program for the well-being of all the race horses, during and after the racing  years.    

The above rules and program must benefit all the stakeholders and must comply with anti-trust regulations. We the horse racing industry, must prove constantly to the public that we operate under the highest ethical standards and we make provisions that horses are properly cared for.    

Any racetrack could join this new program providing they adhere to newly designed rules and programs. Those programs would be formulated to enhance competition and to improve the quality of horse racing.    

I would like to take the lead in this new initiative and I hope the horse racing community would say by this time next year, it was justified that Frank Stronach was awarded the Eclipse Award of Merit.

Shareholders Login Top