Ravelston Corporation Limited was a Canadian holding company that was largely controlled by Conrad Black and business partner David Radler . At one time, it held a majority stake in Hollinger Inc. , once one of the largest media corporations in the world. The company was placed into receivership in 2005 and went bankrupt in 2008.
8-425: Ravelston was founded by a group of businessmen including Bud McDougald , Max Meighen and Conrad Black's father George Montegu Black . The company was a holding company for Argus Corporation . In 1978, Conrad Black took control with his brother of Ravelston after his father's death. Black later transformed Ravelston into a holding company which was the head of his global media empire in the 1980s and 1990s. The company
16-506: A stockbroker for Dominion Securities , in 1945 Bud McDougald teamed up with E. P. Taylor to establish Taylor, McDougald and Company Ltd. which would lead to his rise in the Taylor-controlled holding company , Argus Corporation . While McDougald would become involved in the sport of Thoroughbred racing, E. P. Taylor would devote much of his time to building his very successful Windfields Farm . That situation saw McDougald rise within
24-449: A result of Black's and Radler's legal problems involving allegedly unauthorized 'non-compete' payments in the sale of Hollinger International newspapers, Ravelston entered into receivership in summer 2005. On April 20, 2005, Black and Radler resigned from Ravelston to facilitate a filing for bankruptcy protection. Black and four other executive were later convicted of fraud over the diversion of $ 6 million from Hollinger International. Ravelson
32-841: The business to where he was appointed chairman of the board of directors and president of Argus. He was largely responsible for making it one of Canada's dominant business conglomerates that had controlling interest in Dominion Stores , Hollinger Mines , Massey Ferguson , Standard Broadcasting , Crown Trust and Domtar . McDougald was one of the major biographies in Peter C. Newman's 1975 book, The Canadian Establishment . McDougald died in Palm Beach, Florida in 1978. Two months after his death his widow and sister-in-law signed documents that gave Conrad Black control of Ravelston Corporation which in turn controlled Argus Corporation. Introduced to
40-590: The sport by E. P. Taylor, McDougald was a founding member of the Jockey Club of Canada . He and his wife owned a number of Thoroughbred racehorses, the most successful of which was Nijinsky's Secret . Jockey Club of Canada The Jockey Club of Canada was formed in 1973 to oversee thoroughbred horse racing in Canada . Based in Toronto , Ontario , the club is responsible for the annual Sovereign Awards program and
48-407: Was a leading Canadian businessman and owner of Thoroughbred racehorses . In 1975, journalist Peter Newman wrote that, "He may well be the least known and most admired member of the [Canadian] business Establishment. Without question, he is the most powerful." Born in Toronto , Ontario , he was universally known by the nickname , "Bud". The son of a wealthy investment banker , after working as
56-590: Was also charged with fraud by the US Attorney's office in Chicago . In 2005, Ravelston was placed in the hands of court-appointed receiver RSM Richter . Richter negotiated a settlement of the charges on the company's behalf in 2007. In December 2008, the company went bankrupt. This article about a Canadian corporation or company is a stub . You can help Misplaced Pages by expanding it . John A. McDougald John Angus "Bud" McDougald (14 March 1908 – 15 March 1978)
64-625: Was mostly owned by Black, who held a 67% share to Radler's 14%. At one time, Ravelston controlled 78% of Hollinger Inc.'s stock with Black as CEO and Chairman and Radler as President. Ravelston held shares in Conrad Black's holding companies, such as Hollinger International, now known as Sun-Times Media Group . The Toronto -based private company had owned the British Daily Telegraph and Toronto's National Post newspapers. These papers were later sold, mostly to Canwest Global . As
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