Rumor has it that Spitzer caved on awarding the franchise to Excelsior because of his ties.A new panel is being created to evaluate the future of NY Racing. Lots of public hearings and many of the same faces vieing for the big prize.

NYRA very pleased to have another shot at winning and the usual players revisiting their strategies going forward.It has been said that it will be next to impossible to resolve this by years end, so NYRA could be temporarily extended beyond 2007.

Excelsior group wooing horsemen/owners with promises of up to $1 mill in daily purses in the near future(slot money).From experience I do trust ANY investment bank/investment group/venture capital outfit.I have seen many terrific companies destroyed and picked clean by the bean counters. It's all about 30% returns etc and they will not hesitate to short change racing(in favor of slots/poker/gambling) the moment the racing part of the company does not perform and it probably will not.Hopefully the politicians will be very careful to address this when finally choosing the franchise winner,if not NYRA.

The one thing for sure is that all eyes are on this thing so it should come out pretty good for NY racing.

Mike



Edited 1 time(s). Last edit at 03/01/2007 09:38AM by miff.