THE JOCKEY CLUB WENT PUBLIC. THEN WENT SILENT.
DAY 64.
It has been 64 days since, in an ill advised Jan 27 open letter in the Paulick Report, The Jockey Club publicly criticized Mike Repole. Mike has done nothing but supported our industry while so-called industry leaders hoarded cash.
64 days.
And what has the industry received from The Jockey Club since then?
A lunch buffet speech that amounted to nothing and a few few fluff press releases.
That’s it.
No plan.
No accountability.
No leadership.
Now, in just the past few days, TVG/FanDuel TV, one of the sport’s last true visibility platforms, is fading.
And still…
Nothing that resembles leadership from the self-proclaimed leaders of our industry, The Jockey Club.
This is not a full list of questions.
This is just a partial list of the questions the industry is still waiting on.
QUESTIONS THE INDUSTRY IS STILL WAITING ON:
FOR The Jockey Club
@jockeyclub
1.64 days later, where are the answers?
2.Why has there been no meaningful public response to the industry?
3.Why no press conference addressing the current state of the sport, specifically the Fan Dual TV situation?
4.What are the $41M in reserves being used for right now?
5.What is the plan to deploy capital when the sport faces real-time challenges?
6.Why hasn’t more funding gone directly to aftercare?
7.Why hasn’t a centralized aftercare system been built?
8.Why won’t you meet openly with stakeholders?
9.Do you still consider yourselves the leaders of this industry?
FOR HISA
@hisa_us @LisaLazarusCEO
10. Are you financially stable right now, yes or no?
11. If so, why are you still seeking additional funding?
12. What happened to the $2.3M in loans, have they all been repaid?
13. Why have some of those loans disappeared from reporting?
14. Who approved those financial decisions?
15. Why are horsemen being asked to pay more amid uncertainty?
16. What is your current total budget and funding gap?
17. Where is the full financial transparency the industry was promised?
18. Why is a vendor like T-Soft Technologies listed in your Form 990 filings?
19. What services is T-Soft Technologies providing?
20. Why is the listed address associated with that entity a residential location?
21. Who owns or controls that company?
22. How much has been paid to that entity to date?
23. Was there a competitive bidding process?
24. Are there any conflicts of interest tied to that relationship?
FOR Breeders’ Cup
@BreedersCup
25.With tens of millions in reserves, what is your role in this moment?
26. What percentage of your annual revenue goes to aftercare?
27. Why hasn’t a meaningful portion of reserves been deployed?
28. What is the purpose of holding that level of capital today?
29. What is your long-term commitment to solving aftercare?
FOR Grayson-Jockey Club Research Foundation
30. With $50M in assets, why are grants only $2M annually?
31. What is the rationale for deploying such a small percentage each year?
32. Why is most funding going to university based, clinical based, long-term research?
33. What research are you funding that helps horses right now?
34. Why not invest in aftercare systems, tracking, and retraining infrastructure?
35. How do you measure real-world impact beyond academic results?
64 DAYS.
The Jockey Club chose to go public. The industry responded with serious questions.
And for 64 days…
No real answers. Just noise.
The industry is ready.
The horses can’t wait.
64 days later…
What are you going to do?
We funded all of you. We want answers.
REFORM IS COMING! REPOST AND SPEAK OUT.