Keith Brackpool Enters into an Agreement to Acquire an Equity Stake in the Stronach Group Racing and Gaming Group

Keith Brackpool Enters into an Agreement to Acquire an Equity Stake in the Stronach Group Racing and Gaming Group

01/21/2013

The Stronach Group Racing and Gaming Group announced today that Keith Brackpoolhas entered into an agreement to acquire a minority equity stake, join the Group’s Board of Directorsand become Chairman of itsoperations in California.

“I have had a chance to interface with Keith over the past few years and have been extremely impressed with his knowledge and commitment to horseracing in California. We look forward to our future partnership” said Frank Stronach, Co-Chairman and founder of The Stronach Group.

Brackpool, who resigned Thursday as Chairman of the CHRB, said, “I greatly enjoyed my time on the Horseracing Board but now is the time to for me to make a more direct investment in horseracing”.