Confirmation of a plan allowing the Jockeys' Guild to emerge from bankruptcy was delayed for at least a couple of weeks during a Nov. 17 hearing in a Kentucky federal court, but the judge presiding over the Chapter 11 reorganization said he expects to approve the necessary order when it crosses his desk.
The financially troubled Jockeys' Guild has slightly more assets than liabilities, but projects a working monthly deficit of nearly $120,000, according to documents filed Nov. 26 in compliance with the group's bankruptcy protection action.
With the state trial of Dr. Wayne Gertmenian, former manager of the Jockeys' Guild, set to begin Oct. 16 in a Los Angeles County Superior Court, the embattled organization is reportedly considering bankruptcy protection as a remedy to its financial troubles.
Two congressmen introduced legislation May 4 that would provide injury insurance for jockeys and others who work in horse racing, but last year the proposal was met with stiff resistance from groups in the racing industry.
Organizers of the Mint Jubilee Derby-Eve Gala announced today that bids for the saddle worn by Barbaro in the 2006 Kentucky Derby Presented by Yum! Brands (gr. I) will be accepted from interested buyers from both inside and outside the venue.
Frustrations with racetracks handling of recent jockey exclusions bubbled over during a committee meeting at the Association of Racing Commissioners International annual convention April 24, with attendees bemoaning the negative attention caused by the ongoing situation.
Orange County, Calif., building contractor Michael Bello, owner of multiple stakes winner Megahertz, is donating $58,000 to the Permanently Disabled Jockeys' Fund and another $250,000 to assist the Jockeys' Guild
Churchill Downs Inc. and the Jockeys' Guild announced settlement March 21 of legal claims filed against each other in U.S. District Court related to jockey boycotts of races at two Churchill Downs-owned racetracks in November 2004.
By Ray Paulick - I had to go all the way to Dubai to hear a panel discussion about how racing officials in various American jurisdictions have different interpretations about the most basic rules infraction.
Alex Beitia became the 10th jockey known to be denied access to a U.S. racetrack this month when Philadelphia Park officials cited an ongoing investigation and barred him from working there for an indefinite period.
Jockeys in California, concerned over the rising costs of insurance offered by the national Jockeys' Guild, are looking elsewhere for alternative coverage, though they're continuing talks with Guild management, several California jockeys confirmed Dec. 12.
The Jockeys' Guild has asked the Pennsylvania Gaming Control Board to consider the catastrophic on-track accident insurance policy at Philadelphia Park before it grants the racetrack a permanent license to operate slot machines.
The Jockeys' Guild has outlined a five-point plan for 2007 that primarily focuses on financial matters, but it also has made a strong call for solidarity among the membership and heightened political action in individual states and Washington, D.C.
Eddie King, ousted as treasurer of the Jockeys' Guild in 2004 and later stripped of his membership for challenging the previous administration's financial dealings, said he has rejected the new leadership's attempt to bring him back into the fold.
The Jockeys' Guild added a regional manager to its ranks Aug. 14 when Jeff Johnston became an employee of the organization only a day after he wrapped up his 20-year career as a jockey based in Kentucky and Ohio.
Dwight Manley, who just eight days ago signed a contract as the new national manager of The Jockeys' Guild, said on TVG Saturday afternoon that a settlement had been reached the previous evening with permanently disabled jockey Gary Birzer.
The Jockeys' Guild board met in a conference call with California sports agent Dwight Manley on Friday evening to accept his employment agreement to take over the top management post of the riders' organization.
Jockey Alex Solis, who was instrumental in bringing sports agent and rare-coin collector Dwight Manley to the attention of the Jockeys' Guild, said he's committed to turning around the Guild and hopes to bring it back to prominence in the Thoroughbred industry.
By Ray Paulick - The Guild officers, convinced this time by California-based jockey Alex Solis in the Chris McCarron role, are in the process of hiring two racing outsiders to direct them: sports agent Dwight Manley, who became a millionaire by acquiring rare coins, and civil rights activist Rev. Jesse Jackson, whose integrity and credibility have never fully recovered from a scandal involving a mistress, a child out of wedlock, and questionable payments.
The apparent hiring of the team of sports agent Dwight Manley and civil rights activist the Rev. Jesse Jackson as national manager has created uneasiness among some members of the Jockeys' Guild who put their support behind Dave Stevenson, a former rider and consultant with knowledge of the inner workings and politics of the pari-mutuel industry.
Jockeys' Guild officials are optimistic the organization's finances will improve, but much hinges upon the resolution of lawsuits, payments by some jockeys for health insurance, and contributions from racetracks.
Jockeys must "leverage their share of power" in the horse racing industry and have the right to bargain collectively, the Rev. Jesse Jackson said June 26 as Jockeys' Guild leadership moved toward a decision on the individual or company that will serve as its national manager.