NYRA getting ducks in row..

[blackthroatedwind]

One could more easily suggest that you made up the above numbers and I for one would love to see them. However, assuming they are correct you are, of course, leaving out one major thing....and it goes hand in hand with your comments.

Those are the expected expenses based upon the " projected " slot revenues, which you conveniently took out, and would obviously be much lower, mostly because purses are based on slot revenues, should they not acheive the numbers you claim as projected and also claim are impossible.

[pmacdaddy]

I think creating reasonable proforma Financial Statements for an operation without VLT's would take a lot more than your quick math.

Without knowing all the underlying expense assumptions aassociated with VLT revenue, you can't just pull revenue out and expect it to mean anything.

Do your Net Loss #'s still include the tax/surcharge or whatever it is called they had projected paying the State and City for VLT revenue?

Where can you get those FS?

[theiman]

Originally Posted by blackthroatedwind

One could more easily suggest that you made up the above numbers and I for one would love to see them. However, assuming they are correct you are, of course, leaving out one major thing....and it goes hand in hand with your comments.

Those are the expected expenses based upon the " projected " slot revenues, which you conveniently took out, and would obviously be much lower, mostly because purses are based on slot revenues, should they not acheive the numbers you claim as projected and also claim are impossible.

I made the #'s up and then I list the page of the disclosure form that they are on?
OK

I didnt conveniently leave anything out. I posted simple revenue and B/L #'s from racing operations, that were listed on the pages of the disclosure statement, I mentioned in my previous post. However, for argument sake, you can say that if slots dont perform to the numbers the purse expense will be less, but on a propotional basis, yet the loss will still be a staggering number.

I am tied up with a work project today and this weekend but when I get a chance I will try and post some projected racing numbers without the slots as a revenue source and also as a projection for the purse expense. They will be estimates.
Of course anyone else can post them too if they have the report and i will be glad to read them.

[MisterB]

Just have the Bruno act to contend with.

[Kasept]

Originally Posted by MisterB

Just have the Bruno act to contend with.

According to Fred LeBrun's Times-Union exclusive, Bruno is going to have to be satisfied with a new NYRA Board of Trustees (which was going to happen anyway). Whether Bruno is going to have pay back Tim Smith, Jeff Perle and the Aussies that may have been lining his pockets wasn't covered.

[Cannon Shell]

Originally Posted by Kasept

According to Fred LeBrun's Times-Union exclusive, Bruno is going to have to be satisfied with a new NYRA Board of Trustees (which was going to happen anyway). Whether Bruno is going to have pay back Tim Smith, Jeff Perle and the Aussies that may have been lining his pockets wasn't covered.

Are you in the running for a spot on the new board?

[Kasept]

Originally Posted by Cannon Shell

Are you in the running for a spot on the new board?

I am not.. However, should Charlie Hayward step aside once things all get ironed out, as has been long rumored, then Lou Raffetto becomes a fabulous option to join NYRA's operational side in the executive suite. If NYRA emerges out the other side with Raffetto and Hal Handel on the team, combined with existing stalwarts Dunker, Heffernan, Palumbo, Tierney, et al, it will be in a great position to implement whatever executions are required to fulfill everyone's aspirations for NY racing.

[MisterB]

It's getting to look allot like Christmas now.