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-   -   gertmenian part two?? (http://www.derbytrail.com/forums/showthread.php?t=2241)

Danzig 07-22-2006 09:12 PM

gertmenian part two??
 
contract talks w/ manley have stalled... gee, i wonder why?!

this from t'bred times:

If hired as national manager, Manley has agreed to loan the Guild $500,000 to help pay debts, in exchange for a percentage of Guild revenue. When the Guild decided on June 26 to hire Manley, Velazquez understood that revenue percentage to be 5%, apparently for the length of the contract.

Manley since has increased his asking price to 20% over a ten-year term, although his actual contract would not necessarily extend a decade. Manley confirmed those demands on Friday.


20%?! why would the guild manager deserve 1/5th?? that is outrageous. almost as outrageous as his hiring to begin with. an agent and rare coin collector. how does that qualify him for this post?

Samm 07-23-2006 08:11 AM

Run Jocks Run!! who can't see this??? The lies have already started... JV thought it was 5%???? and now he's asking for 20!!! Manley is already twisting things... Open your eyes Jock... Open your eyes!

Five Star Derek 07-23-2006 08:19 AM

Is it too late? Can they still change their minds? Open your eyes jocks!

Five Star Derek 07-23-2006 08:30 AM

Will somebody please tell me that the jocks can still back out of this. I fear what this can do to the whole industry. If you don't see the potential repercussions this deal could have on everyone involved in horse racing then you need to look at the whole picture.

Samm 07-23-2006 08:44 AM

sure they can bail! nothing is signed yet... well as far as one can know ... Dave Stevenson, who is very well respected in the industry was and I'm sure still would be there for them... he proposed a much better deal! He was helping them non gratis for many many months... then this guy walks in with his mouth peice Jessy and has them dancing like Gertmainian did!!!

blackthroatedwind 07-23-2006 08:46 AM

I don't know the specifics but I would guess that there will be a mass exodus of riders out of the guild. I don't know the legalities of this however.

Sounds like yet another bad case of " I told you so ".

Samm 07-23-2006 08:52 AM

the crappy part about this is NO ONE wants to say "I told ya so"! Jocks have a major chip on their shoulder! get over it... the Philly jocks are making progress in their mission... who needs the guild! Tony Black and Bobby Colton are proving just that.. both were officers in the guild and left because of the fiasco.. poor Eddie Accaro must be rolling in his grave!

blackthroatedwind 07-23-2006 08:56 AM

One of the bigger problems for the riders is that they continually demand respect and then appear to go out of their way to make poor choices. It seems as though they were the only ones who couldn't see this selection was a bad one.

Samm 07-23-2006 09:03 AM

disgusted... is what the industry is... we reach out to help and get Jesse Jackson! I think JV is putting his name on a bad deal! He'll end up trashed just like Chris McCarron....

blackthroatedwind 07-23-2006 09:04 AM

It's very dangerous when you have a big ego and someone tells you what you want to hear.

Danzig 07-23-2006 09:42 AM

is part of the reason the jocks chose this guy manley the 500k loan?? is he 'buying' his job?

making a deal with the devil here. i cannot believe they would sign with a guy demanding 20%. that is so outrageous. they're leaping from the frying pan directly into the fire.

Five Star Derek 07-23-2006 11:47 AM

Quote:

Originally Posted by Danzig188
is part of the reason the jocks chose this guy manley the 500k loan?? is he 'buying' his job?

making a deal with the devil here. i cannot believe they would sign with a guy demanding 20%. that is so outrageous. they're leaping from the frying pan directly into the fire.

If they're so hard up for 500k I'm sure a bank will loan them that amount at a much better rate than 20%.

Danzig 07-23-2006 12:12 PM

Quote:

Originally Posted by Five Star Derek
If they're so hard up for 500k I'm sure a bank will loan them that amount at a much better rate than 20%.

yeah, you would think so...but the guild is pretty bad off after years of mismanagement. no telling what the bottom line looks like.

i think we're witnessing the death of the jockeys guild. seems some places (philly park for one) are taking care of themselves, as the guild seems unwilling/unable.

Danzig 07-23-2006 12:12 PM

Quote:

Originally Posted by Five Star Derek
If they're so hard up for 500k I'm sure a bank will loan them that amount at a much better rate than 20%.

also, originally the deal was for 5%--now he wants the 20...now 5 is hard to beat, but 20?!

Five Star Derek 07-23-2006 01:09 PM

Quote:

Originally Posted by Danzig188
yeah, you would think so...but the guild is pretty bad off after years of mismanagement. no telling what the bottom line looks like.

i think we're witnessing the death of the jockeys guild. seems some places (philly park for one) are taking care of themselves, as the guild seems unwilling/unable.

At this point the death of the guild might be a good idea for all involved.

Samm 07-23-2006 02:15 PM

the guild may live until.... Gary Birzers lawsuit! Who's going to foot that... the guild could live for another 10years and not be able to pay Birzer! Once Gary wins (which to me is a no brainer) other jocks could follow.. I believe there are at least 3 more jocks with life shattering injuries!

Five Star Derek 07-23-2006 02:20 PM

Quote:

Originally Posted by Samm
the guild may live until.... Gary Birzers lawsuit! Who's going to foot that... the guild could live for another 10years and not be able to pay Birzer! Once Gary wins (which to me is a no brainer) other jocks could follow.. I believe there are at least 3 more jocks with life shattering injuries!

It's just sad that the very organization you think is protecting you is the one you have to eventually sue for your survival. Gary should be able to sue Gertmenian directly but we all know that can't happen.

Five Star Derek 07-23-2006 02:26 PM

Quote:

Originally Posted by Samm
the guild may live until.... Gary Birzers lawsuit! Who's going to foot that... the guild could live for another 10years and not be able to pay Birzer! Once Gary wins (which to me is a no brainer) other jocks could follow.. I believe there are at least 3 more jocks with life shattering injuries!

Now Manley and JJ(Jesse Jackson) will use a guy like Gary Birzer as a pawn in their negotiations. It's a damm shame. JV needs to wake up. Dave Stevenson, where are you? We need you.

Samm 07-23-2006 04:53 PM

they kicked Dave right in the choppers! they led him to believe he was in the running... then turned around and did this... they're minds were made up for some time...
Gary Birzer won't let them use him... he has been hurt to much as it is. What a mess!


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