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3/6/06

Purses Reduced by ITHA Spending

Without the knowledge or approval of members, the ITHA has apparently used funds from the "Purse Account" to pay for certain items. In addition to the approximately $1.4 million the ITHA receives yearly to pay for normal operations, they have been paying other items directly from the horsemens' purse fund. This has amounted to over $3.1 million during Joe Kasperski's term in office.

This action not only reduces purses by $3.1 million, but the year end ITHA financial statements do not accurately reflect the total cost of opertions for members review. The Regular Auditor, Hawthorne Race Course and the Illinois Racing Board have confirmed that payments were made by the ITHA directly from the purse account. Purses were reduced last December at Hawthorne and we believe that further reduction will occur as long as Kasperski remains in office beyond his elected term and the Board does not control spending.

It appears that this deduction has resulted in certain purses being reduced by over $1,000 and we believe that it also violates provisions of the Illinois Horseracing Act.

Certain activities of Joe Kasperski and other ITHA employees have been questioned as a result of our previous audits. It appears that other ITHA funds have been used to pay for personal expenses.

Joe Kasperski, as well as Board members who are directly responsible for ITHA operations, were not available for comment.

Concerned ITHA Members
Spokesperson
Jan Ely

 

 

 

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