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Originally Posted by Revolution
Nothing against you, but you have no credibility here. Does Carolina Barbeque have a contract with NYRA? Do they allow you to charge $3.50 for a coke at a non-profit racetrack? Don't tell me there aren't payoffs and kickbacks to get space selling food at Saratoga. That would be an insult to my intelligence..
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I think my credibility speaks for itself.. And consider your intelligence insulted because vendors work with Centerplate, the contract feeder that operates concessions at the tracks. NYRA has no day to day involvement with the foodservice operations. NONE. Is Centerplate not entitled to make money on their investments in operating the concessions? They AREN'T a non-profit. They do however have to move equptment all over thye place and bring staff upstate to run the SAR operation, etc. Again, you are out of your element on this topic.
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Originally Posted by Revolution
Stronach can do whatever he wants. He has shareholders to answer to..
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Really? Then you know nothing of the structure of his stock. Why don't you pick up the new book about Stronach, MEC and Magna Corporate. You'll be very surprised...
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Originally Posted by Revolution
If NYRA is so well run now, How come they are still losing money, BY THE MILLIONS? Just make it a for-profit, like everything else that runs correctly in america. How does a non-profit benefit horse racing. It doesn't.
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Tough and fair question.. I'd have to guess that a lot of the financial struggles stem from the issues with the NY OTB Corporations, the poor structuring of that relationship as originally legislated by the State, and the original under-valued contracts with them and with other signal vendors.
All things that can be fixed. A non-profit can benefit the game by taking the shareholder equity issue out of the equation. If no money has to go in that direction, it can be funneled back into the facilities, the purses, the game, the state's breeding program, etc.
I respect that many believe we're all better off with a for-profit, but I'm kind of perplexed that you find the benefit of a non-profit model hard to understand or appreciate.