“New York racing woes overshadowing Belmont Stakes” plus 2 more |
- New York racing woes overshadowing Belmont Stakes
- Horse Racing: NFA grad reaches for milestone
- Frank Girardot: The frightening similarities between horse racing and politics
| New York racing woes overshadowing Belmont Stakes Posted: 31 May 2010 10:05 AM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. NEW YORK (AP)—The most intriguing five weeks of the thoroughbred racing season come to a close with Saturday's 142nd running of the Belmont Stakes, the final leg of the Triple Crown and New York's premier horse race. While there's not much buzz surrounding the lackluster field lining up for the 1 1/2 -mile trip around Belmont Park this year—no Triple Crown on the line and neither Kentucky Derby winner Super Saver nor Preakness winner Lookin At Lucky are running—there's plenty humming when it comes to the frazzled financial state of racing in New York. Sure, the entire industry is far from flourishing, but in New York some would argue it's simply floundering. Consider a one-week span late last month: — On a Monday, the association that operates New York's three major tracks— Aqueduct, Belmont and Saratoga—said it was running out of money and hinted of an unprecedented shutdown unless the state came through with a loan. — By Friday, the 1,400 employees of the New York Racing Association had been warned that racing could cease June 9, four days after the Belmont, and the lucrative Saratoga summer meet could be in jeopardy. — After a weekend of negotiations, state lawmakers approved a $25 million loan on May 24 that should keep NYRA in business into next year. The Belmont Stakes is a go, so is the rest of the meet, and Saratoga—the jewel of New York racing—is set for its run beginning July 23. "I think that's a step in the right direction," says top trainer Todd Pletcher, who won his first Derby with Super Saver and runs one of the nation's largest stables. "Everyone takes a sigh of relief and we continue with business as usual." All is not well, though. This kind of stuff has been going in New York racing for decades. A loan here, a deal there. A temporary fix, followed by another plea for state money. The current problems are not a secret, starting with the failure of New York Gov. David Paterson and the legislature to approve a group to operate video lottery games at Aqueduct. The 4,500 machines, which were approved by the state in 2001, could generate hundreds of millions in revenue for the state and the racing industry. The New York City Off-Track Betting Corporation owes NYRA $17 million, was recently taken over by the state and is currently in bankruptcy. It has been losing money for decades. The state, meanwhile, is working on solving its own $9.2 billion budget deficit. There are six regional off-track betting outfits in New York that take in about $2 billion annually, and they all act independently, not only competing against each other for customers, but with NYRA as well. "There's nothing wrong with New York that (a repair to) a broken OTB model and a partisan political arena couldn't fix," David Willmott, the CEO of Woodbine Entertainment Group, which operates Woodbine Racetrack, told The Toronto Globe and Mail recently. "The biggest thing is that Albany has been fooling around for so many years on the naming of a slot operator, which in that market, would be highly profitable." Charles Hayward, NYRA's president and CEO since 2005, says he's hopeful the recent series of events may jump-start long overdo changes. "I don't know why I should be, but I think some things will fall into place by the end of the year," Hayward said. "If tracks and OTBs were working together, we would have the best racing in the country." One reason Hayward is optimistic: After two previous deals fell through with a casino operator due to either political squabbles or financial issues, the New York Lottery now is handling a new bidding process and plans to announce its recommendation by Aug. 3. Paterson says he will he accept the choice, leaving final approval to the legislature. Previously, political leaders were in charge from the start. "The Lottery making the selection for an operator and then making the recommendation to the political leaders is huge," Hayward said. "I think it was critical to get this money, it's critical to get the (casino) operator's name, and I think we're so much farther along then we were only a month ago." The relationship with NYCOTB is a more complex problem. NYCOTB was taken over by the state in 2008, and filed for Chapter 9 bankruptcy protection last year to reorganize an operation that takes in about $1 billion in revenue annually, but was reportedly losing between $600,000 and $800,000 per month. "You can't pay what you don't have," NYCOTB chairman Meyer "Sandy" Frucher said, adding he was handed a flawed operation when he was appointed by Paterson in June 2009. "The NYCOTB business model is horribly out of date so that when you put it together it forces the dysfunctionality of the industry, particularly given that it is a major revenue raiser." While NYRA turns its attention to staging the $1 million Belmont, it also is keeping tabs on Monmouth Park's new initiative of cutting racing dates to three days a week—with $1 million in purses daily for a 50-day meet from April to September. The purse structure is the highest in the nation. Pletcher is among many horsemen watching what unfolds at Monmouth. "It's premature to say now, but it looks like it could be a success," Pletcher said. "If so, then I think a lot of other tracks will take that into consideration and maybe change what they are doing." For now, NYRA is mandated to run year-round racing, which totals about 250 racing days. At the Preakness in Baltimore, Hall of Fame trainer D. Wayne Lukas made his annual call for a racing commissioner, and used New York racing as an example of what one strong voice might accomplish. "Look at the New York Racing Association. I bet you can't name three executives and if one of them called a congressman he wouldn't get a call back because the guy wouldn't even know who he was," Lukas said. Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Horse Racing: NFA grad reaches for milestone Posted: 31 May 2010 06:34 PM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. If you're stuck at home, why not reach for the stars? Norwich native Tom McCarthy, unable to find a nearby grass race for General Quarters, is putting his 4-year-old horse back on dirt racing for the $600,000 Stephen Foster Handicap on June 12 at Kentucky's Churchill Downs. A win would make General Quarters only the second horse to win three grade one races on three different North American racing surfaces. Lava Man, a legendary California runner who, like General Quarters, rose from the obscurity of the claiming ranks, is the only other horse to do it. McCarthy, a 1952 Norwich Free Academy graduate, isn't thinking so much about celebrity but about keeping his horse fit and on pace to win the Arlington Million on Aug. 21 and a Breeders' Cup race in November. Whether the Breeders' Cup race will be the $5 million Dirt Classic or $3 million Turf — both Nov. 6 at Churchill — depends a lot on how General Quarters handles the Foster. "He needs a race," the 76-year-old trainer/owner said by telephone from Louisville, where he has lived and worked at Churchill Downs for five decades. Reflecting on the lag between General Quarters' last turf race, a victory in the $500,000 Woodford Reserve Turf Classic on the May 1 Kentucky Derby undercard, and the next, the $200,000 Arlington Handicap on July 17, McCarthy said, "He's ready for a race now." The horse ran a half-mile on Churchill's main dirt track on May 20, his first workout since the Woodford Reserve, going 48.60 seconds. He is scheduled for a 5⁄8 of a mile workout on the same track Wednesday. General Quarters was expected to learn Monday whether he will be in the race. 'Sweet spot' Although he's never won a grade one dirt race — coming in 10th in last year's Kentucky Derby and ninth in the Preakness Stakes — General Quarters' "sweet spot" is the Foster's distance of 11⁄8 miles, McCarthy said. The horse has won at 11⁄8 miles on grass (Woodford Reserve) as well as synthetic Polytrack (the 2009 Blue Grass Stakes). "We would be in very good company if we win," McCarthy said. The Manhattan Handicap, a $400,000 grass race to be run right before this weekend's $1 million Belmont Stakes, as well as a grass contest at New Jersey's Monmouth Park tempted the conditioner. But the fatigue factor in transporting the horse to New York caused McCarthy to pass on both opportunities. Jockey Rafael Bejarano is committed to race in California on June 12, so General Quarters will be getting a new rider. Bejarano rode the horse to victory in the Woodford Reserve and may pick up the mounts when McCarthy moves to Chicago's Arlington Park in July. The trainer said he's talking to agents of several jockeys including recent arrivals to Churchill such as Alex Solis and Jon Court. "There's a lot of good riders here," McCarthy said. "I haven't made a commitment yet." Robby Albarado rode General Quarters to three consecutive second-place finishes at Fair Grounds Race Course in New Orleans this winter. McCarthy credits Albarado with suggesting General Quarters try grass racing. Albarado has won the Foster the last three years, including his ride of Macho Again in 2009. Hometown honor A Foster victory would make for an even more exciting visit to Norwich. McCarthy is scheduled to pick up the Native Son Award at a June 23 ceremony in which three of his four siblings are expected to attend. Younger brother Richard McCarthy is slated to speak. Tom McCarthy said he has been getting letters from boyhood friends since the Norwich Rotary and the Norwich Woman's City Club announced he would be getting the honor. "I'm really thrilled about the whole thing," he said. "It's going to be wonderful experience." Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Frank Girardot: The frightening similarities between horse racing and politics Posted: 31 May 2010 07:57 PM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. With the primary election just a week off, I've been thinking about how much horse racing and politics have in common. First of all, both are rich men's games. You can't enter a horse race or a political contest without at least a couple hundred thousand to burn. And in both games, no one really cares where the seed money came from. Past performance counts. In horse racing, handicappers analyze past performances - or "pps" - in the Daily Racing Form. How a horse did at the distance, fared against similar competition and under what conditions it raced are critical in determining how he, she or it might fare on race day. In politics, past performance matters too. Take the race for governor. GOP candidate Meg Whitman once gave money to liberal Barbara Boxer. Her opponent, state Insurance Commissioner Steve Poizner, tried to soften the all-important Holy Grail that is Prop. 13. Democrat Jerry Brown, running unopposed for the Democratic nomination, was governor once before and appointed judges to the state Supreme Court that refused to enforce California's death penalty. Then there's what horse players like to call connections. Sometimes the combination of a horse's owner, trainer, jockey and breeding can give the savvy handicapper a key to its likelihood of winning. You see a horse in a race born in Kentucky with bloodlines tracing back to Seattle Slew, owned by a rich Saudi and trained by Bob Baffert with Victor Espinoza aboard - bet the heck out of it.As for how connections play in politics, when it comes to breeding think Kennedys in Massachusetts or Mountjoys in the San Gabriel Valley. Owners are the parties - each with their own silks. Think red for Republican, blue for Democrat, green for Green. Just like thoroughbred owners, the parties determine when candidates run, what office they run for and how long they'll stay there. Trainers are like consultants - think James Carville or Karl Rove. Horses are the platforms; jocks, the candidates. The best know when to hold the reins tight and when to apply the whip in the home stretch. There's a couple of other things to consider at the races before placing a bet. How a horse looks in the post parade, how it loads into the starting gate and where the late money goes. A horse in the post parade that sweats like Richard Nixon in a televised debate probably won't do so well. Washy. Throw it out. When he, she or it gets wild in the starting gate like Bill Clinton around White House interns, there's a good chance he, she or it will tear down the backstretch only to fade at the finish. Throw it out. Watch the late money. Usually the high-rollers who know something will wait until the very last minute to plunk money on their horse. Same thing is true in politics. Late money means somebody knows something the rest of us don't. In the end, horse racing and politics are similar for one very important reason - suckers like me who vote and play the ponies usually get burned at both. Frank C. Girardot is editor of the Pasadena Star-News and senior metro editor for the San Gabriel Valley Newspaper Group. Visit his blog at www.insidesocal.com/sgvcrime. Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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