International edition
October 19, 2021

Joseph De Francis

Magna Entertainment reports resignation of director

(US).- Magna Entertainment announced that Joseph De Francis has resigned as a director of MEC. As previously announced, in September 2007 MEC, pursuant to an agreement with certain companies controlled by the De Francis family, exercised its option to acquire the remaining interest in The Maryland Jockey Club that it did not previously own.

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ubsequent to the exercise of the option, Joseph De Francis resigned his position as Executive Vice-President of MEC.

Frank Stronach, MEC’s Chairman and Interim Chief Executive Officer, stated "I want to thank Joe for all of his hard work on behalf of MEC over the years and we wish him well in his future endeavors."

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