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#1
12-02-2007, 02:29 AM
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We had what turned out to be a Franchise bidding fiasco that was dragged on by lies, politics, Albany, or whatever people want to blame. It still hasnt been settled and in less than a month fans/bettors, employees, and horsemen still dont know whats going on. NY has had slots approved years ago and still hasnt reaped any benifit from them, if there is to be a benefit(see Gulfstream fiasco) I thought forum boards, in this case a horse racing forum, were supposed to be about the industry. We post ideas, complaints, compliments, etc. Part of the NY racing future is who is best suited to run it. Based on what all of the parties have shown me, including NYRA, I dont think anyone is "ideally" qualified. Whether it be financially, or as in the case of some of the reports I read earlier in the process of selecting the franchisee, morally competent. But somebody has to run it. When I saw the financials some things stood out to me as not looking good. The slots projections for one(way too big an increase in projected machine wins), and the Operating expenses for another. Do you really think it takes $138M to run a race track that for 6.5 months is at Aqueduct where 2,000 to 3,000 show up? There must be some very nice salaries at NYRA based on those numbers. Just curious, if not the financials, what should, if anything, be discussed about the situation? 
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#2
12-04-2007, 01:05 AM
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Good grief, see Blood-Horse update 12/3 on NYRA and the trolls fighting for control of the bridge.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#4
12-04-2007, 09:26 AM
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I just got off the phone with Senator Bruno's office expressing my concern regarding the Senate's handling of the NYRA franchise issues. I think that yesterday's press conference was Senator Bruno's latest in his adoption of the adage that the "best defense is a good offense." His recent mailer was a similar pre-emptive attempt to blame the Governor in the event that a deal that meets his satisfaction is not struck.
I think Senator Bruno knows - and my comments to his Director of District Relations as an owner, breeder and resident of Saratoga Springs would not dispel this notion - that his consitutents and those in the racing industry will blame Senator Bruno if a franchise deal with NYRA in place is not completed in a timely fashion. If ever anyone was inclined to call a government official and voice your concern about an issue impacting you, now is the time to do it. He's feeling the heat, and those of us in the racing industry need to keep the heat on. His Senate office number is (518) 455-3191. Be reasonable (no screaming) and I think our voice might actually be heard.
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#5
12-04-2007, 02:31 PM
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#6
12-04-2007, 05:42 PM
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#7
12-04-2007, 07:38 PM
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#8
12-05-2007, 01:01 PM
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#9
12-05-2007, 07:31 PM
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NYRA President Charles Hayward said the case is nothing more than a dispute over accounting practices. “This has been an issue for almost ten years,” he said. He compared the situation to NYRA’s recent dispute with the Internal Revenue Service, which said NYRA owed the government $1.6-billion. In that case, the IRS used all handle, on- and off-track, before winnings are paid out to calculate NYRA’s income. NYRA successfully argued that it should only be taxed on net income. The IRS has set a cap on its NYRA claim at no more than $25-million, and the final settlement could be $15-million or less. Likewise, the state has recommended that NYRA change its accounting practices but has not demanded that it do so, Hayward said. He said he believes NYRA would prevail if the case ever went to court. “We’ve had a fundamental disagreement over how the calculation’s arrived at,” he said. “We’ve gotten legal support from counsel, we’ve gotten accounting firm support. We just think that’s the way to do it. So do our lawyers. So do our accountants.”
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#10
12-05-2007, 07:39 PM
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Good rule of thumb.....if you read it in the NY Post it is BS.
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#11
12-05-2007, 07:48 PM
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#12
12-05-2007, 08:03 PM
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http://www.timesunion.com/ASPStories...E&LinkFrom=RSS If you want a good laugh read the final paragraph from the above link.
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#13
12-05-2007, 08:09 PM
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The last paragraph is pretty amusing.
The article also shows what a non-piece of news this story is.....unless you're the NY Post.
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#14
12-19-2007, 10:28 AM
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#15
12-19-2007, 11:46 AM
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The politicians in NY have shown their utter disdain for all the top quality horesmen in the industry. The entire racing industry has been insulted by their actions and racing should stop in NY on Jan. 1 if there is no signed agreement. The extension should be thrown back in their faces. That's the emotional response.
Rationally, the NY horsemen have been very dignified throughout this entire embarrassement. Last edited by sumitas : 12-19-2007 at 11:59 AM.
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#16
12-19-2007, 05:38 PM
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Word has it Carole Stone won't be making many more statements from her once vaulted perch on the Oversight Board.
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