Wayne Gertmenian

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OK of Guild Bankruptcy Plan Expected

OK of Guild Bankruptcy Plan Expected

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.

Guild Plan Submitted; Gertmenian Out

Guild Plan Submitted; Gertmenian Out

Two days after the Jockeys' Guild filed a formal plan of reorganization in its Chapter 11 bankruptcy, the U.S. Trustee overseeing the action dropped the group's former national manager Wayne Gertmenian from the unsecured creditors committee.

Guild Bankruptcy Stays in Kentucky

Guild Bankruptcy Stays in Kentucky

A federal judge presiding over the Jockeys' Guild bankruptcy proceedings denied a request to move the case to California Jan. 29, saying Kentucky was the right place for the group to reorganize its operations.

Jockeys' Guild Operating in Deficit

Jockeys' Guild Operating in Deficit

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.

Guild Forced to Cut Benefits, Increase Dues for Survival

The Jockeys' Guild on Tuesday made several changes in its dues, insurance, and disability policy designed to bring the organization back from the brink of bankruptcy at which it found itself following a management change in November that purged former president Wayne Gertmenian and his top assistants.

House Subcommittee Explores Jockey Insurance/Welfare

A day after a 16-year-old apprentice jockey died in a racing accident at an Ohio track, racing officials and representatives from horsemen's groups met Thursday before a Congressional subcommittee to report on their ongoing efforts in addressing safety, health and welfare issues for jockeys and their perspectives on on-track injury insurance.

Jockeys Unite to Demand Change in Leadership

  • News

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.

Lobbyist Broad Drops Jockeys' Guild

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.

Ride to Nowhere

By Ray Paulick - Wayne Gertmenian, the president and CEO of the Jockeys' Guild, is a bully who finally met his match in the halls of Congress.

Churchill Downs Requests Answers from Guild

  • News

Churchill Downs president Steve Sexton has set a Dec. 7 deadline for the Jockeys' Guild to respond to a letter asking the organization to account for the $1.25 million CDI racetracks have given to the rider's organization over the past three years.

Hoosier Ejects Jockeys, Guild Officials Over Walkout

  • News

Hoosier Park in Indiana lost its entire 12-race card the evening of Nov. 12 after all but a few members of the jockey colony refused to ride. The jockeys are protesting over what they believe is a lack of adequate medical insurance, and they also called on the track to install a safety rail.

Bumpy Ride

By Ray Paulick - The Nov. 7 dispute between a group of riders and the management of Churchill Downs was not the first and surely will not be the last time jockeys have taken action to express displeasure with their plight.

Swan Re-Elected Jockeys' Guild Chairman

  • News

Tomey Jean Swan was elected to her third term as chairman of the board of directors of the Jockeys' Guild at the 63rd annual National Assembly in Dallas, Tex.

Hearing in Jockeys' Guild Suit Postponed

A hearing to determine if five defendants should be dismissed from a lawsuit filed against the Jockeys' Guild by former national manager John Giovanni was postponed Wednesday due to illnesses by attorneys on both sides of the case.

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