Empire challenges rumored NY franchise plan

[Cannon Shell]

Originally Posted by SentToStud

In the first story, next to last paragraph, bold italics added:

"In its current bankruptcy court proceedings, NYRA claims ownership of the three tracks. Industry insiders say the Spitzer administration is concerned about losing the legal fight over the land claims and would rather work out a deal in which NYRA would keep the racing side of the franchise in exchange for giving up the track claims. The Spitzer administration is also demanding that the current NYRA board resign in return for another franchise and a new management structure be put in place."

I read this as total management change of NYRA moving forward.

Correct?

If correct, why?

So Elliot can put HIS people in!