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NYRA Chair: Privatization a priority
The New York Racing Association’s special governor-appointed chairman Michael Del Giudice on Wednesday said their first order of business starting in January is to work on the twice-derailed plan to put the organization back in private not-for-profit control.
“It’s a little frustrating,” Del Giudice said after a NYRA board meeting at the Holiday Inn in Saratoga Springs.
Not having resolved the governance of NYRA, which runs the Aqueduct, Belmont and Saratoga thoroughbred tracks, has left race officials feeling hobbled on some initiatives they feel are needed to bring racing into the 21st Century.
Technology purchases, track renovations and other moves, especially the push to reach younger fans, are a priority, he said, but that requires long term funding commitments.
Del Guidice is a longtime confidante of Gov. Andrew Cuomo and critics including track boosters in Saratoga Springs, have criticized the governor for signaling that he would have vetoed a measure that lawmakers passed last session but which was pulled back at the last minute.
But the temporary nature of the current board brings several disadvantages, including the relative sunlight with which the current state-controlled NYRA has to operate, admitted CEO Chris Kay.
Due to its public nature, NYRA meetings for instance, are open and webcast. The trouble is, Kay said NYRA’s competitors in other states get an idea of what they have planned going forward.
Were it a private operation, they could shield some of their plans from other race tracks until they were ready to put them in place.
“It’s part of the nature of business,’’ said Kay.
Still, reorganization officials outlined some of their plans during Wednesday’s meeting, including the broadcasting of 80 hours worth of live racing this summer on the Fox Sports 2 cable network.
To enhance the broadcasts, they plan features about the people in racing and they want to use visuals, similar to that being employed in the current Olympic coverage, like computer-generated ”lanes” or markets to show the path a given horse is taking around the track.
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