Belinda Stronach & The Family Battle

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However, instead of sitting idly by, Belinda went on the attack. She has countersued her father for $33 million claiming he owes her money stemming from payment she made to him for a political run in Austria, along with unpaid taxes. Both of these cases are still pending, and there has yet to be a settlment or verdict on either Stronach case.

All of the headlines and negative news surrounding Belinda Stronach’s family and its company have everyone watching, and not for the best reasons. Horse owner and trainer Linda Gaudet noted in regards to the family, “They can’t blow their nose without somebody seeing something wrong. All the optics are on them right now.”

Is a Family Trust the Solution?

With all of the negativity surrounding the Stronach family, one can wonder how this strife could be resolved without the use of litigation. The answer may lie in a Stronach family trust for its racing assets, which would ensure group decision making and input from all parties. Frank Stronach said as much in a recent event in California where he spoke about his family and the status of racing in California. He offered the solution of putting the racetrack assets his family has come to acquire in a trust to ensure their longevity.