Stronach Suit Settled: Belinda Gets Racing Properties, Frank Gets Bloodstock

The Stronach Group is announced Thursday that all of the litigation between Frank and Elfriede Stronach and Belinda Stronach, Frank Walker and Nicole Walker, Alon Ossip and Stronach Consulting Corp. has been rejected by the Ontario Superior Court of Justice as a result of a accommodation agreed to by the parties.

Belinda Stronach will continue in her character as Chairman and President of The Stronach Group and with full lead and oversight matters of the company’s world-class Thoroughbred hastening, gaming, real estate and relevant resources. This includes all professions under The Stronach Group’s consumer-facing brand, 1/ ST: 1/ ST RACING; 1/ ST TECHNOLOGY; 1/ ST LIVE; 1/ ST PROPERTIES, and; 1/ ST HORSE CARE.( A full register of the 1/ ST labels can be found below ).

Frank and Elfriede Stronach, through their own personal entity, will assume full lead, owned and control of the Thoroughbred stallion and engendering business, including Stronach Stables. This includes all raise activities, colts operating under the Adena label in Florida, Kentucky and Ontario and cattle located in Florida. Certain Ontario farmlands, sure-fire agricultural assets in Florida, FM Meats, Fort McCoy Ranch by Adena Farms, Adena Golf& Country Club( Ocala) and all European assets are part of this settlement. Frank and Elfriede Stronach will no longer have any interest in The Stronach Group.

Belinda Stronach said,” I am pleased that my father will be able to focus on an agricultural the enterprises and related projects that are his passion. The village will permit The Stronach Group to continue building successful fellowships with aspect occupations that contribute to the community .”

Frank Stronach commented,” I am happy that our discrepancies have been resolved amongst ourselves and have utmost confidence in The Stronach Group’s Thoroughbred racing and gaming businesses, which will remain under Belinda’s management .”

The defendants will not be providing any additional comments.

1/ ST RACING’s premier racetracks and training courses cores include: Santa Anita Park, Golden Gate Fields and San Luis Rey Downs( California ); Gulfstream Park- residence of the Pegasus World Cup Championship Invitational Series, Gulfstream Park West and Palm Meadows( Florida ); and the Maryland Jockey Club operating as Laurel Park, Pimlico Race Course- home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center( Maryland ).

1/ ST TECHNOLOGY’s business include: AmTote, Xpressbet, 1/ ST BET, XB SELECT, XB NET, PariMAX, Betmix, Monarch, Elite and XBTV brands.

1/ ST LIVE gives the leisure and hoisted cordiality experience for the company’s premier live affairs including, InfieldFest at the Preakness and the Pegasus LIV Stretch Village at the Pegasus World Cup Championship Invitational Series.

1/ ST PROPERTIES is responsible for the development of the company’s live, design and play video games parishes circumventing its racing venues including, The Village at Gulfstream Park( Florida) and Paddock Pointe( Maryland ).

1/ ST HORSE CARE represents The Stronach Group’s commitment to achieving the highest level of mare and equestrian care and safety standards in Thoroughbred racing on and off the track.

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