Hank Sheinkopf, of Capital Play, a true NYRA fan
 

From Bloodhorse

Australian-based Capital Play, which is considering a merger with what's left of Empire Racing Associates to try to win the NYRA franchise, jumped on the tax dispute. "Racing is supposed to generate money for education. Instead, NYRA is bankrupt and the IRS is seeking $1.6 billion from them. NYRA's era of mismanagement must be ended,'' Hank Sheinkopf, a Capital Play spokesman, said in a statement Oct. 31.

An incoherent statement by a desperate puppet.

Why would he be a "fan" of NYRA? He's competing with them, no?

The IRS claim is probably high by a factor of 10x-100x to any tax liability. That's how the IRS plays. I don't know if IRS claims against organizations like NYRA are public information.

Not a nice move but so what?

It was a sarcastic slap in the face to the azzwipe

DRF exerpts:

"Reporters were alerted to the matter by representatives of Capital Play, which is challenging NYRA for the franchise rights to run Aqueduct, Belmont, and Saratoga racetracks."

"The IRS has several claims, including that NYRA should have reported the gross handle—the money bet on and off-track on its races—and not the takeout, which is NYRA's portion of the handle."

That's absurd. Does the IRS not have a clue?

Beth Coney
eaconey.dvm@juno.com

This IRS thing is sounding a lot more political than anything else. And that is very troubling.

Don't be fooled by who Hank Sheinkopf is.. He's not part of Capital Play exactly... he's a 'spokesman'... In reality, he's a famed political strategist/consultant/lobbyist/hired gun. And interestingly, former Spitzer campaign engineer in his 1998 Attorney General win.

Tbred times is expanding their analysis to surmise that the IRS is redefining taxation of the entire thoroughbred and gaming industry.
http://www.thoroughbredtimes.com/nat...s-on-NYRA.aspx

this should be awesome..lol

Hank Shank Off?

Perhaps NYRA should contact Roni Deutch

http://www.ronideutch.com/