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In recent months Redstone all of the sudden altered his will and estate present plan and changed the trustees of the Redstone trust and the members of the Viacom board. This provoked a company and family drama about whether he is able to making the changes or is being manipulated by his daughter Shari Redstone, who serves as President of National Amusements and vice-chair of Viacom and CBS. These selections are being challenged by firm executives and other relations in courts in Delaware and Massachusetts.
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So racing is not prone to be a giant supply of development for CDI, and, as the one participant in big-league horse racing that’s a public company listed on the inventory exchange, CDI is beneath relentless Wall Street strain to indicate larger and larger revenue and earnings. The opposite main gamers do not face the same savage capitalist forces. NYRA is for all practical functions a not-for-revenue company, as is Keeneland; the Stronach Group is privately held and insulated from quick-time period market stress, and all the remaining are, frankly, minor league. Thus, as a result of it’s uncovered to uncooked market forces, CDI is probably an early harbinger of racing’s future. If that’s the case, that future is not bright.