THG Clarifies Derby-Oaks ADW Proposal

[trigger]

>>>>>>>>>>>>>>>>>>>>
“What we are trying to do was get TrackNet to agree to offer the entire racing programs of the Oaks and Derby to all account wagering programs,” said Reeves, who acknowledged the respective contracts signed by the Kentucky Horsemen’s Benevolent and Protective Association and the Kentucky Thoroughbred Association. “Some of the media are confusing things.”

>>>>>>>>>>>>>>>>>>>>>>>>>>>>
“The point is that we are not just picking on TrackNet,” Reeves said. “Those race meetings (of TrackNet’s) just happened to come up first in chronological order. We have a great relationship with TrackNet -- at least up to the point of negotiating the ADW signals -- and I am looking forward to working with them on other issues in the future.”
http://news.bloodhorse.com//viewstory.asp?id=44740

[Kelso]

From the article:
Scott Daruty, president of TrackNet, said the April 21 proposal (http://news.bloodhorse.com/viewstory.asp?id=44717) from the Thoroughbred Horsemen’s Group, which is negotiating license fees on behalf of Kentucky horsemen and others, contains the same one-third revenue sharing plan THG is seeking in all agreements.

"They have said they aren’t using the Kentucky Derby and Oaks as leverage for their overall business model, but in fact that’s exactly what they are doing,” Daruty said.

The greedy clowns at THG are actually making Daruty look like a straight-talker! Way ta go, horsemen.



From the article:
... Kentucky horsemen had in a 2006 contract already approved the distribution for three individual Churchill Downs races: the Derby, the Oaks, and the May 3 Woodford Reserve Turf Classic (gr. IT).

<snip>

THG president Bob) Reeves said that from his understanding, the provisions for the 2006 contracts approving the three races vary slightly, but do grant the approvals.

So the races the horsemen assured us weren't being held hostage weren't THGs to bargain away, anyhow. What a pack of morons. The owners deserve to lose handle after this fiasco.