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Originally Posted by Cannon Shell
CDI lies all the time. My post was somewhat self serving as the horseman have taken plenty of heat with the signal blockages in the past and I was just citing another example of CDI either going back on its word, distorting the facts or outright lying. Not that horseman should be absolved of all blame in these matters but CDI/Tracknet in particular is at best ethically challenged.
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The beginning of the end was when CDI sold Hollywood Park. The sport of racing is the product of the Churchill Downs, Inc. (CDI) Corporation's goals are to maximize profits to the SHAREHOLDERS. If that means withholding product and/or reducing costs(purses) that is what corporations do.
CDI has a desireable product. If "you" want the product, you pay what the company wants. It is the perogative of the company (CDI) to set the price for their product(racing signals) CDI also does NOT publish track attendance or handle for ANY of their tracks. Does Kraft list how many bars of cheese they sell? NO. They file qtrly tax reports. This is the position of the company CDI. Attendance and handle figures are not publicly listed for of their tracks. (NYRA lists both daily)
As for the bettor, ADW's, horsemen, etc. they are incidential aspects.
The issue for CDI is they are reluctant to renegotiate their price for the signal for their tracks. It's their product and they dictate market rate....
The allegiance of CDI is to it's SHAREHOLDERS. If you love CDI, buy their stock.
http://biz.yahoo.com/e/090120/chdn8-k.html