lawsuits

This Should be Required Reading for Every Trainer and Owner

by Andrew J. Mollica, Esq and Len Green, CPA What an industry! The recent, well-publicized ongoing legal sagas of both Ahmed Zayat and Ken Ramsey have brought issues surrounding owner-trainer financial relationships into clear focus. Yet, the truth is that no-pay or slow-paying owners probably have been a small, but existing part of racing since the game was invented. Despite its topical nature, the problem is not going away anytime soon, and the reason is simple: horse racing is a 21st-century industry that is based on an 18th-century business model....

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What Will HISA Look Like?

We recently ran part one of our story on the challenges facing HISA. Today, we deal with lawsuits, adjudication, and more. This time next year, the machinery of horse racing in the U.S. may be almost a month into a radical system overhaul. But with scant few calendar pages between now and then, what do we know about how the cogs, wheels, and pulleys of the Horseracing Integrity and Safety Act (HISA) will work together? To find out, the TDN reached out to Charles Scheeler, chair of the HISA board...

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