In a further attempt to cut ties with former Jockeys' Guild president Dr. Wayne Gertmenian and his consulting firm Matrix Capital Associates, the Guild, under its new management, moved offices this week.
A growing number of jockeys across the United States are demanding the immediate resignation of Wayne Gertmenian president and CEO of the Jockeys' Guild and the termination of any relationship with his management company Matrix Capital Associates.
A labor lobbyist and lawyer in Sacramento, Calif. who has represented the Jockeys' Guild for 11 years dropped the organization as a client Oct. 21 after its management came under sharp criticism at a Congressional sub-committee hearing earlier in the month.
A U.S Congressional subcommittee has deemed the Jockeys' Guild efforts to fulfill a subcommittee request for information and documents related to the Guild's management and fiscal activities inadequate.
The Jockeys' Guild paid $448,000 to Matrix Capital Associates in 2003, according to a financial report the Guild filed Feb. 11 with the U.S. Department of Labor.
The Jockeys' Guild wants the racing community to help build a $10 million endowment that will provide long-term support for its disabled jockeys program
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