Comments on: CALIFORNIA TO OUT-OF-STATE OWNERS: IOU http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/ An independent voice for news, analysis and commentary on the Thoroughbred racing and breeding industry Wed, 17 Mar 2010 22:27:53 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Florence Cataluna http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-15010 Florence Cataluna Fri, 17 Jul 2009 15:11:24 +0000 http://www.paulickreport.com/?p=5919#comment-15010 It has been common knowledge for months that California is out of money. We were advised before our tax returns were filed that California would issue an IOU for the money they withheld from the Breeders’ Cup purses. This IOU may (or may not) be paid at some future date. Since this time, the Breeders’ Cup Board reconsidered whether to move the 2009 Breeders’ Cup to another state. They chose to keep the races at Santa Anita Park in California. Unless the Breeders’ Cup has an understanding with the State of California that this problem will be corrected immediately and will not occur again, I do not understand how they could decide to keep the event in California this year. The Board definitely was not protecting the interests of the owners who are major supporters of the Breeders’ Cup program. The Board is very concerned about funds for its programs and the level of purses, and yet they let California borrow or possibly keep 7% of the purses won by out-of-state owners who participate at their major event. What was the Board thinking when they left the event in California? Obviously, they were not thinking about the owners. It has been common knowledge for months that California is out of money. We were advised before our tax returns were filed that California would issue an IOU for the money they withheld from the Breeders’ Cup purses. This IOU may (or may not) be paid at some future date.
Since this time, the Breeders’ Cup Board reconsidered whether to move the 2009 Breeders’ Cup to another state. They chose to keep the races at Santa Anita Park in California.
Unless the Breeders’ Cup has an understanding with the State of California that this problem will be corrected immediately and will not occur again, I do not understand how they could decide to keep the event in California this year. The Board definitely was not protecting the interests of the owners who are major supporters of the Breeders’ Cup program.

The Board is very concerned about funds for its programs and the level of purses, and yet they let California borrow or possibly keep 7% of the purses won by out-of-state owners who participate at their major event. What was the Board thinking when they left the event in California? Obviously, they were not thinking about the owners.

]]> By: Pete http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14917 Pete Thu, 16 Jul 2009 13:52:06 +0000 http://www.paulickreport.com/?p=5919#comment-14917 I did know Cali place fast and loose with money won in events in ((that)) State--We won A Hockey Championship in ((that)) State-- Our team had A Big Surprise When Our checks came in. I did know Cali place fast and loose with money won in events in ((that)) State–We won A Hockey Championship in ((that)) State– Our team had A Big Surprise When Our checks came in.

]]> By: Don Reed http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14913 Don Reed Thu, 16 Jul 2009 04:07:53 +0000 http://www.paulickreport.com/?p=5919#comment-14913 Ray - Doesn't this qualify as an act of criminal theft from funds being held in escrow? Numerous lawyers in private practice go to jail for doing this. If they couldn't return the money because it had been (illegally) spent, that's what it looks like. Ray - Doesn’t this qualify as an act of criminal theft from funds being held in escrow?

Numerous lawyers in private practice go to jail for doing this.

If they couldn’t return the money because it had been (illegally) spent, that’s what it looks like.

]]> By: Standing on Head http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14912 Standing on Head Thu, 16 Jul 2009 03:14:00 +0000 http://www.paulickreport.com/?p=5919#comment-14912 ghostzapper: priscilla said, "All horses run easier on synthetics. It’s not that Curlin doesn’t run well over them, it’s that his competition struggles more on dirt than he does." This means she thinks all horses run better when running on synthetics, but that some horses, like Curlin, who don't 'struggle' on dirt as much show less improvement. Her point is silly. I Want Revenge struggled on synthetic, and improved on dirt. As far as IWR's injury goes, tell me, what dirt track were The Pamplemousse and Pioneerof The Nile running on when they were injured? Oh wait, they were running on synthetic. If their injuries don't sully all synthetics, then I Want Revenge's shouldn't diminish the dirt. ghostzapper:

priscilla said, “All horses run easier on synthetics. It’s not that Curlin doesn’t run well over them, it’s that his competition struggles more on dirt than he does.” This means she thinks all horses run better when running on synthetics, but that some horses, like Curlin, who don’t ’struggle’ on dirt as much show less improvement. Her point is silly. I Want Revenge struggled on synthetic, and improved on dirt.

As far as IWR’s injury goes, tell me, what dirt track were The Pamplemousse and Pioneerof The Nile running on when they were injured? Oh wait, they were running on synthetic. If their injuries don’t sully all synthetics, then I Want Revenge’s shouldn’t diminish the dirt.

]]> By: bugweed http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14902 bugweed Thu, 16 Jul 2009 01:25:41 +0000 http://www.paulickreport.com/?p=5919#comment-14902 Since dumping on California's financial stupidity is now a nationally recognized and encouraged sport, let's not let our friends in Pennsylvania chortle too loudly over their legislatures moves to take $100 million out of the Racehorse Development Fund, AKA Slots Cash, to throw at their budget mess. While you can fault California for lots of things, don't think that it's the only place suffering from the parliaments of whores. Since dumping on California’s financial stupidity is now a nationally recognized and encouraged sport, let’s not let our friends in Pennsylvania chortle too loudly over their legislatures moves to take $100 million out of the Racehorse Development Fund, AKA Slots Cash, to throw at their budget mess. While you can fault California for lots of things, don’t think that it’s the only place suffering from the parliaments of whores.

]]> By: Joe http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14896 Joe Wed, 15 Jul 2009 23:09:54 +0000 http://www.paulickreport.com/?p=5919#comment-14896 "Plastic" was a toxic and expensive experiment mandated by the CHRB to apply fresh paint onto the crumbling walls of CA racing. Plastic was mandated to avoid exposing obvious causes for the high breakdown rate and the guilty parties which in some instances were themselves or closely related to commissioners and state employees. Plastic was mandated as a quick fix which didn't tap into the CHRB budget. At the time it avoided confronting drug-loving horsemen and vets and delayed difficult but unavoidable reforms. I believe that as many horses are suffering from season and career ending injuries on plastic than on dirt. Genuine fatality figures should include all injured - retired horses that were euthanized after 72 hours following injury, those that failed to recover from surgery and others sent to slaughter. To produce true fatality numbers, racing would need the will to discover and face the truth and the Jockey Club would need to assist with tracking all injured - retired horses for six months. “Plastic” was a toxic and expensive experiment mandated by the CHRB to apply fresh paint onto the crumbling walls of CA racing. Plastic was mandated to avoid exposing obvious causes for the high breakdown rate and the guilty parties which in some instances were themselves or closely related to commissioners and state employees. Plastic was mandated as a quick fix which didn’t tap into the CHRB budget. At the time it avoided confronting drug-loving horsemen and vets and delayed difficult but unavoidable reforms.

I believe that as many horses are suffering from season and career ending injuries on plastic than on dirt. Genuine fatality figures should include all injured - retired horses that were euthanized after 72 hours following injury, those that failed to recover from surgery and others sent to slaughter. To produce true fatality numbers, racing would need the will to discover and face the truth and the Jockey Club would need to assist with tracking all injured - retired horses for six months.

]]> By: Malcer http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14893 Malcer Wed, 15 Jul 2009 22:34:20 +0000 http://www.paulickreport.com/?p=5919#comment-14893 Funny how every BC-related topic immediately becomes another round of surface-bashing. I can’t recall any European horseman who ever bitched to this extent about the fact that the BC was marketed as a “World Championship” but regularly forced overseas contenders to compete on notoriously speed-favoring tracks such as CD, Monmouth, or the old SA. And they would have had more of a point. Breaking News: In-form horses routinely finish in front of out-of-form horses who were a class above them when they were in top-form. That’s a basic handicapping truism which, one would assume, everybody of those “Tiago could never finish in front of Curlin”-screamers accepts every day of the year, except for last year’s BC Classic. Never mind that the other results were perfectly logical, or that there is no 11th commandment reading “The BC must always be run on a speed-favoring track, because everything but an extreme speed-bias isn’t really racing” - if Curlin didn’t win, there obviously must be something wrong with the surface. I guess there was some weird kind of pre-Pro-Ride in place the day Upset beat Man o’War. Funny how every BC-related topic immediately becomes another round of surface-bashing.

I can’t recall any European horseman who ever bitched to this extent about the fact that the BC was marketed as a “World Championship” but regularly forced overseas contenders to compete on notoriously speed-favoring tracks such as CD, Monmouth, or the old SA. And they would have had more of a point.

Breaking News: In-form horses routinely finish in front of out-of-form horses who were a class above them when they were in top-form. That’s a basic handicapping truism which, one would assume, everybody of those “Tiago could never finish in front of Curlin”-screamers accepts every day of the year, except for last year’s BC Classic.

Never mind that the other results were perfectly logical, or that there is no 11th commandment reading “The BC must always be run on a speed-favoring track, because everything but an extreme speed-bias isn’t really racing” - if Curlin didn’t win, there obviously must be something wrong with the surface.

I guess there was some weird kind of pre-Pro-Ride in place the day Upset beat Man o’War.

]]> By: Don Reed http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14890 Don Reed Wed, 15 Jul 2009 22:07:15 +0000 http://www.paulickreport.com/?p=5919#comment-14890 Come to California for the 2008 Breeder's Cup! Win Big Cash! (Small detail: And be coerced into making a NON-INTEREST BEARING LOAN that does not bear an exact maturity date to the state of California in the form of "withholding taxes" - despite NOT being a resident of the state.) Come to California for the 2009 Breeder's Cup! Win Big Cash! (Small detail" Be coerced into making a second NON-INTEREST BEARING LOAN...) Come to California for the 2008 Breeder’s Cup!

Win Big Cash!

(Small detail: And be coerced into making a NON-INTEREST BEARING LOAN that does not bear an exact maturity date to the state of California in the form of “withholding taxes” - despite NOT being a resident of the state.)

Come to California for the 2009 Breeder’s Cup!

Win Big Cash!

(Small detail” Be coerced into making a second NON-INTEREST BEARING LOAN…)

]]> By: AJuell http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14883 AJuell Wed, 15 Jul 2009 21:15:44 +0000 http://www.paulickreport.com/?p=5919#comment-14883 Dirt enthusiasts need not worry. Pro-Ride received an IOU for their services and is repossessing the ground up corn flakes. See, everything works out in the end. Dirt enthusiasts need not worry. Pro-Ride received an IOU for their services and is repossessing the ground up corn flakes. See, everything works out in the end.

]]> By: Rudy Galindo http://www.paulickreport.com/blog/california-to-out-of-state-owners-iou/comment-page-1/#comment-14882 Rudy Galindo Wed, 15 Jul 2009 21:04:45 +0000 http://www.paulickreport.com/?p=5919#comment-14882 Can someone define "RUN EASIER"? Less injuries or what the heck does she mean? Can someone define “RUN EASIER”? Less injuries or what the heck does she mean?

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