NYC OTB's new leader: Plan for restructuring coming within 30 days
 

By PAUL POST, The Saratogian

SARATOGA SPRINGS — The new head of bankrupt New York City Off Track Betting Corp. says he’ll have a plan in place for restructuring the firm within 30 days.

Greg Rayburn, hired earlier this month at a salary of $125,000 per month, says all stakeholders — racetracks, breeders, unions and governments — will have to share some of the pain involved with getting OTB back on solid financial ground.

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http://www.saratogian.com/articles/2...3240885965.txt

Very impressive stuff. By the tenor of NYRA's statement it seems they like the new leadership and are hoping for the best.

What chance the Union gives up jobs?

I love that the breeders and tracks should "share the pain". Like they are responsible for OTB's ineptness.

I think he means we all mmed to come together and sing kombaya

Or "we need to start with a clean slate" then "renegotiate the percentages"

TB's is part of a powerful Union. At the new OTB;s in NJ the supervisors learn to fix the terminals. At OTB NYC when a terminal breaks you call the maintainence dept. Which comes in from LI in a vehicle that is serviced by another Union. Then they load the machine fring it to a service area have another Union guy un load and load it back onto a truck and bring it back 3 days later on OT. Its just the way things work and racing simply can't afforf the ridiculous process.

Richard do you know what Union reps the majority of OTB's employees?