Comments on: Scathing Article on Mike Ilitch, the Tigers and Casinos in The New York Times http://www.dailyfungo.com/2006/12/27/scathing-article-on-mike-ilitch-the-tigers-and-casinos-in-ny-times/ Tue, 02 Mar 2010 00:56:45 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Verifiable http://www.dailyfungo.com/2006/12/27/scathing-article-on-mike-ilitch-the-tigers-and-casinos-in-ny-times/comment-page-1/#comment-16 Verifiable Thu, 28 Dec 2006 09:07:16 +0000 http://www.dailyfungo.com/2006/12/27/scathing-article-on-mike-ilitch-the-tigers-and-casinos-in-ny-times/#comment-16 Murray Chass has been after this bird for some time. He's the only one willing to take this on. Selig and the owners will go after players for setting foot inside a casino but it's ok for immediate family members to own casinos or race tracks (that's the case wtih Steinbrenner). Would it have been ok for Pete Rose if a wife or an adult chid were doing the betting for the family? The Ilitches are a rather sloppy lot ... After reading his story today I found an offering announcement distributed last year when Marian Ilitch was raising the capital she needed to finance the buyout of Mandalay Resort Group. I'm assuming the announcement was put out by her team which included Deutsche Bank and Merrill Lynch -- they were leading the effort to raise $625 million in credit for Ilitch. The announcement indicates Marian Ilitch, the principal shareholder (I thought she was the only shareholder) behind CCM Merger Inc., (the Ilitch Holdings subsidiary they formed to acquire MotorCity Casino and finance the acquisition) was also <strong>co-owner</strong> of the Red Wings, <strong>the TIGERS</strong> and Little Caesar's Pizza. http://www.accessmylibrary.com/coms2/summary_0286-9511706_ITM Drop into <a href="http://verifiable-truth.blogspot.com/" rel="nofollow">The Verifiable Truth</a> Murray Chass has been after this bird for some time. He’s the only one willing to take this on. Selig and the owners will go after players for setting foot inside a casino but it’s ok for immediate family members to own casinos or race tracks (that’s the case wtih Steinbrenner). Would it have been ok for Pete Rose if a wife or an adult chid were doing the betting for the family?

The Ilitches are a rather sloppy lot … After reading his story today I found an offering announcement distributed last year when Marian Ilitch was raising the capital she needed to finance the buyout of Mandalay Resort Group.

I’m assuming the announcement was put out by her team which included Deutsche Bank and Merrill Lynch — they were leading the effort to raise $625 million in credit for Ilitch.

The announcement indicates Marian Ilitch, the principal shareholder (I thought she was the only shareholder) behind CCM Merger Inc., (the Ilitch Holdings subsidiary they formed to acquire MotorCity Casino and finance the acquisition) was also co-owner of the Red Wings, the TIGERS and Little Caesar’s Pizza. http://www.accessmylibrary.com/coms2/summary_0286-9511706_ITM

Drop into The Verifiable Truth

]]> By: Mack Avenue Tigers: A Detroit Tigers Blog » Turning the page roundup http://www.dailyfungo.com/2006/12/27/scathing-article-on-mike-ilitch-the-tigers-and-casinos-in-ny-times/comment-page-1/#comment-14 Mack Avenue Tigers: A Detroit Tigers Blog » Turning the page roundup Thu, 28 Dec 2006 07:29:07 +0000 http://www.dailyfungo.com/2006/12/27/scathing-article-on-mike-ilitch-the-tigers-and-casinos-in-ny-times/#comment-14 [...] I read this last night when I set up the headlines on the sidebar (plug!), but Daily Fungo Mike has a full post to check out, too: Murray Chass of the New York Times writes about Marian Ilitch’s involvement with Ilitch Holdings, which owns the Tigers, as she also runs a casino. He waxes that while technically not against the rules, as she claims no involvement with the Tigers, it’s not a good idea. I agree. It’s probably not a good idea. It’s not one that concerns me. I doubt there’s any game fixing that 25 guys and Jim Leyland are going to agree to, so I don’t see it as a problem. That and I look at the Maloof Brothers owning casinos and the Sacramento Kings and the Illitch’s don’t look so bad. Like I said, I don’t condone it, but I’m not going to get too upset. [...] [...] I read this last night when I set up the headlines on the sidebar (plug!), but Daily Fungo Mike has a full post to check out, too: Murray Chass of the New York Times writes about Marian Ilitch’s involvement with Ilitch Holdings, which owns the Tigers, as she also runs a casino. He waxes that while technically not against the rules, as she claims no involvement with the Tigers, it’s not a good idea. I agree. It’s probably not a good idea. It’s not one that concerns me. I doubt there’s any game fixing that 25 guys and Jim Leyland are going to agree to, so I don’t see it as a problem. That and I look at the Maloof Brothers owning casinos and the Sacramento Kings and the Illitch’s don’t look so bad. Like I said, I don’t condone it, but I’m not going to get too upset. [...]

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