The idea of an industry-owned insurance company was floated during a major meeting on issues such as workers' compensation. Meanwhile, the chairman of the Jockeys' Guild called on the industry for financial support to alleviate a "crisis."
Quarter Horse jockey Tomey Jean Swan was named acting chairman of the board for the Jockeys' Guild Wednesday. Pat Day resigned as president of the organization June 21 after a contentious board meeting in which Matrix Capital Association was hired to manage the group's affairs. When Matrix was hired, the executive committee of the Guild fired all six staff members including national manager John Giovanni and all six regional managers (two were later rehired).
Jerry Bailey, Jockeys' Guild president emeritus, is resigning Friday from his positions on the Guild's executive committee and board of directors. He is resigning because he believes a five-member majority of the executive committee acted too hastily in hiring Matrix Capital Associates to manage the Guild.
Citing philosophical differences with the organization, jockey Pat Day has resigned as president and as a member of The Jockeys' Guild. "There is a distinct philosophical difference that prohibits me from any longer being a part of the organization," Day told bloodhorse.com Tuesday.