Just for the record...NYRA was indicted for looking the other way when TELLERS (not NYRA management) were shorting their tills and taking "loans". While I will never condone the behavior of Kenny Noe, Barry Schwartz or Terry Meycocks nothing they did would have brought the wrath of the Avenging AG Eliot Spitzer upon them were he not running for governor. NYRA became a very easy target for everyone to pile on. Charlie Hayward and Steve Duncker have done a tremendous job righting the ship.
As for being bankruptcy....Steve points out that that was engineered by NYRA to bring about a quick ruling on the land ownership issue. It is my opinion that if they did not do this the political wrangling would still be going on. Also mention that the Lottery Divisions refusal to sign off on the VLTs caused a tremendous financial hardship on NYRA.
While I'm venting I'd like to mention that Jeff Perle and Richard Bomze make me want to puke. They are both one very unfunny joke that "represents" NY horsemen. hahaha
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