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Monday, December 20, 2010

The Faraldo-Gural Feud

As you have no doubt seen, Joe Faraldo has already made some what can be construed as anti-Gural comments regarding the potential lease of the Meadowlands.  Knowing how much love there is between the two of them, it was just a question of when; not if the exchange would begin.

No doubt Joe Faraldo does some good for harness racing in New York.  He represents his horsemen at Yonkers exceptionally when dealing with management there.  He also has gotten involved with battles with management elsewhere, most notably Vernon Downs; no doubt at the invitation of the horsemen's group there.

There have been some battles elsewhere between Jeff Gural  and Joe Faraldo elsewhere with regards to harness racing in New York, most recently with regards to the proposed NYCOTB Bankruptcy case.  Now, Faraldo has made his views known regarding the possibility of Gural leasing the Meadowlands.

In this writer's opinion, Joe Faraldo reprsents the old time horsemen attitude that track management is a necessary evil and is responsible for promoting harness racing; with horsemen basically showing up to race and get as much of the purse money as possible. His worry has basically been what is good for New York horsemen and nothing else. In the heyday of harness racing, this approach was fine; these day's it is dangerous and has the potential to kill harness racing as it is now requires massive changes in a team effort to promote the sport.

As for Mr. Gural, he represents the new time owner of racetracks.  The old ways don't work and the sport must change.  Unlike many track operators, he feels harness racing can survive.  No doubt he feels that horsemen must make concessions to permit the sport to survive.  An example would be the reduction of the takeout at Tioga Downs where horsemen shared in the cut; something the horsemen at Vernon, advised by Faraldo have refused to do so up to now. 

Why Faraldo has gotten involved in the Meadowlands's survival is unknown to me. He certainly was not going to be part of the solution.  Why Gural got involved is clear, he thinks there is a solution for the Meadowlands; without slot machines.  This may be the last chance to keep harness racing in the public's consciousness and the last thing we need is these two going at each other.

It should be noted that Joe Faraldo is a director of the USTA.  If you recall, Ivan Axelrod recently mentioned in a recent edition of Hoof Beats that some directors are part of the problem of harness racing.  Whether or not Axelrod was thinking of Faraldo when he made this comment I can't say.

From my perspective, the future of harness racing lies with people like Jeff Gural.  No doubt there is going to be a lot of pain involved, but sometimes strong medicine involves pain.  This is not to say horsemen don't need strong leadership; they have interests to protect.  However, to protect those interests to the point of ensuring your own demise makes no sense.

Being this is a blog, you are welcome to comment.  There is a poll on the blog where you can vote; you may respond here as well.  However, as always, comments must be respectful.  Any disrespectful comments will not be edited or printed.

5 comments:

Anonymous said...

Allan,
I agree heartily. I have no idea why Faraldo would have made such comments. Whether you like Gural or not,in this situation he emerges as Harness Racing's white knight. If he had not emerged as a potential saviour, The Meadowlands would in effect be no more.

Yannick Gingras said...

Jeff Gural is a businessman that thankfully has a passion for harness racing. Jeff is taking on the Meadowlands project with his partners in order to keep racing alive at the Meadowlands. He is investing tens of millions of dollars into the Meadowlands when nobody else, in the business or out of it, has stepped up to the plate. Again, Jeff is a businessman and a very successful one at that and Jeff should make money off this deal, maybe not right away will he make money (I hope he does make money right away off this deal as he stepped up and stepped in), but at some point, yes he should make money. No one should vilify Jeff for stepping in and making money. That being said, there is no guarantee he will make money off this deal, but here he is, willing to take that huge financial risk. No one should ever be asked to keep losing money on a business venture. I applaud Jeff for doing what he has done opening up Tioga Downs and Vernon Downs in New York and getting involved at the Meadowlands. - Yannick Gingras

Scott Jeffreys said...

Dear Yannick : Your response post if progressive and shows forward thinking in terms of where things would be right now at the Meadowlands without Jeff Gural.

Dear Pacingguy : Yours is another brilliant post exposing the characters in harness racing, but moreso, exposing the old school versus new school thinking needed in the current climate.

Dear Joe : Simple question for you - how much are you bringing to the table to save the Meadowlands? While you may feel well positioned in New York and specifically Yonkers, you are no more than a couple of years from crippling decreases in purses at YR following the Genting deal at NYRA. Stop being a lawyer, Joe, and start trying to solve a problem as opposed to creating one. Problems generate law firm fees, they do not move the argument forward. How about spending 30 minutes with Yannick to understand the landscape?

Sincerely,

Scott Jeffreys

Nick said...

Is there a chance that Faraldo sees the demise of The M as a positive to his NY interests?
I'm just sayin'.

Anonymous said...

FARALDO REPRESENTED MR, GOLDFARB IN THE BANKRUPTCY AT VERNON , AND WAS PROMISED A PIECE OF THR TRACK IF HE WON YHE BANKRUPTCY AND ALSO VERY IMPORTANTLY DELIVER A CONTRACT SIGNED BY THE VERNON HORSEMEN WHO HE DID AND STILL DOES REPREDENT,
GURAL WON AND SINCE THEN THEIR BEAUTIFUL RELEATIONSHIP HAS BEEN IN DEMISE