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Author Topic: Faraldo's conflict of interest.  (Read 1144 times)
hungry
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« on: March 22, 2013, 01:17:03 PM »

Does anyone find it 'less exciting' to debate this Faraldo editorial knowing that he hates Gural and doesnt want the M1 to be successful? Its not like he's glad the Meadowlands is doing well....so, to me, anything he says needs to be taken in context, no?

Faraldo's tirade is akin to Shaq saying Dwight Howard is not as good as Brook Lopez. (i  know, you're thinking WHO?)

Personally, i think that Faraldo needs to be concerned more about his own situation and worry less about the situations of others. Faraldo has slot machines to work with, Gural has none and he's dominating.

Maybe NY needs to rush Lou Pena back into action to give the NY horseplayers more hope for clean racing.
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« Reply #1 on: March 22, 2013, 01:42:54 PM »

If he really wanted to stick the dagger in the Meadowlands, he should have converted the track to a 7/8 ths or a mile track.
The Big M would be closed by now.

But we all know that the Rooney family could care less about harness racing.
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Wink Martingale
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« Reply #2 on: March 22, 2013, 01:44:50 PM »

The story was not broken by Faraldo; how many times does this have to be repeated?   Jay Bergman reported this weeks ago.  WHO CARES if Faraldo repeated it?   

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« Reply #3 on: March 22, 2013, 02:19:00 PM »


Faraldo has slot machines to work with, Gural has none and he's dominating.


An Faraldo will take no blame for his actions when New York legislators finally decide that casinos no longer need to subsidize harness racing.
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Wink Martingale
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« Reply #4 on: March 22, 2013, 02:24:29 PM »

I know Joe Faraldo and happen to like him, but, that said, let's assume you hate him.  If Faraldo says the earth orbits around the sun, the earth -- yes, you guessed it, still orbits around the sun.  A factual statement does not become false because someone you dislike uttered it.
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« Reply #5 on: March 22, 2013, 02:31:53 PM »

I know Joe Faraldo and happen to like him, but, that said, let's assume you hate him.  If Faraldo says the earth orbits around the sun, the earth -- yes, you guessed it, still orbits around the sun.  A factual statement does not become false because someone you dislike uttered it.

factual -- as is the story byline which said by Joe Faraldo.  The Meadowlands response was TO JOE FARALDO because he was the purveyor of distortions and the conversion of innuendos in to the assumption of facts.  Something we non-legal people might think of as an out-an-out lie.

If you know Joe Faraldo ask him why he has a personal vendetta against the Meadowlands.  Ask him why people bet the Meadowlands instead of Yonkers.  Ask him why he hasn't been able to make Yonkers Raceway management more harness-racing friendly.
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Wink Martingale
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« Reply #6 on: March 22, 2013, 02:45:34 PM »

From Bergman's story:

"The Standardbred Breeders and Owners of New Jersey’s executive administrator Leo McNamara pointed out that in a wide-ranging conversation this past week.
 
“About 70 percent of our purses come from betting done at the Meadowlands. That means all incoming simulcast of harness and thoroughbred as well as the live Meadowlands racing product,” McNamara said.
 
On a different subject, McNamara confirmed the presence of a new “cartel” that had been the focus of the Meadowlands offering rebates to promote handle.
 
“There’s a group of four guys who came forward and offered to wager $300,000 a night,” said McNamara. “This group is not a bunch of handicappers but computer guys who are looking for the right odds to wager on.”
 
McNamara suggested that the Meadowlands, with horsemen’s approval, sign an agreement with this small group much like they would with any other off-track entity. This means that the horsemen’s share of this money is in the neighborhood of between one and two percent of handle.
 
What encouraged McNamara’s group to go along with the track on this venture was the hope was the hope that the increased handle would have a spinoff effect. “We figured that other players would see the increased pool size and be able to bet with confidence,” said McNamara.
 
The good news for the horsemen is that the numbers as they play out currently suggest exactly that. While we can’t determine exactly how much the one new group is wagering nightly, the overall nightly exported handle has shown an increase of $850,000 per night.
 
The more difficult news for the horsemen is that a straight two percent return on that money would yield only an additional $17,000 per evening for the purse fund should those numbers actually hold up for the duration of the meet.
 
Of more concern to McNamara was the stagnation of the on-track handle. With so much riding on them, those numbers have been flat..."


http://www.drf.com/news/bergman-meadowlands-stock-rise

How was any of this "distorted" by Faraldo? 

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« Reply #7 on: March 22, 2013, 02:55:59 PM »

"...Standardbred Breeders and Owners of New Jersey’s executive administrator Leo McNamara..."

My question is Leo McNamara educated enough on this whole Cartel thing to be answering questions and stating these facts?

I wish Gural would refute or at the least clarify any abnormalities in the original writers story.
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Wink Martingale
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« Reply #8 on: March 22, 2013, 03:10:27 PM »

No one wishes this more than me, JJ.  I met Gural and like him.  A lot. But the "response" issued from the Meadowlands is not a response at all.  It is an exercise in semantics at best.  If McNamara was wrong, let them say so, unequivocally and without evasion.  And if there IS a cartel/consortium/group/whatever, who the hell is IN it?  If it's people who own a bunch of good horses, or others with Parham-like credentials, this is something people should know. 
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« Reply #9 on: March 22, 2013, 03:16:02 PM »

and here is Faraldo's PRESS RELEASE.

http://xwebapp.ustrotting.com/absolutenm/templates/article.aspx?articleid=52677&zoneid=1

Faraldo deemed it necessary to put his spin on the news for the sole purpose to make the Meadowlands look bad.  He needs to do this in the hope folks won't focus on the lousy job he has done in New York.

Faraldo used such obvious wordplay as "The accommodation of the cartel at the New Meadowlands was recently exposed in an insightful Daily Racing Form article penned by Jay Bergman."

and "The typical cartel"

Faraldo knows the bad connotation that the word cartel has and wanted to imply that New Meadowlands was working with a typical cartel -- there may be more.

and

"let's say the cartel commits to $300,000 in wagers per night on New Meadowlands races. To entice that level of play, the track sells its signal to the cartel for one-third the usual rate."  Now tell me where in McNamara's article does it say that this "cartel" is getting one-third the usual rate?

Faraldo also used the term "loss leader" and...

I can go on, but you folks can read Faraldo's poison letter for yourselves.  His motives are clear and the sooner the New York horsemen rid themselves of this harness racing pariah, the sooner New York can join New Jersey in promoting the sport instead of fighting progress.

Of course everything I write here and everywhere else on this site is only my opinion.

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Wink Martingale
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« Reply #10 on: March 22, 2013, 03:28:16 PM »

"Cartel" is a direct quote from McNamara, and "accomodation" is an entirely accurate description, as per McNamara, of what is being done. 

Whatever "implications" the word *cartel* has, it was used by McNamara.  How is it unfair for Faraldo to use the exact same word?
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« Reply #11 on: March 22, 2013, 03:37:30 PM »

"Cartel" is a direct quote from McNamara, and "accomodation" is an entirely accurate description, as per McNamara, of what is being done. 

Whatever "implications" the word *cartel* has, it was used by McNamara.  How is it unfair for Faraldo to use the exact same word?

1) Why is Faraldo even commenting on a Racetrack out of his Jurisdiction?
2) Last time I looked Faraldo was a Lawyer-not a business graduate -yet somehow--he is now a spokesman for Racetrack Betting Activities?

Bottom line--Faraldo should leave the business matters to those qualified to do so--and Gural is more qualified in this Department than Faraldo.


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« Reply #12 on: March 22, 2013, 04:04:46 PM »

If he really wanted to stick the dagger in the Meadowlands, he should have converted the track to a 7/8 ths or a mile track.
The Big M would be closed by now.

But we all know that the Rooney family could care less about harness racing.
That idea was tossed around many many years ago, and the conclusion was there is not enough room for a larger track !
I don't agree !
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Wink Martingale
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« Reply #13 on: March 22, 2013, 04:15:50 PM »

1) Why is Faraldo even commenting on a Racetrack out of his Jurisdiction?
2) Last time I looked Faraldo was a Lawyer-not a business graduate -yet somehow--he is now a spokesman for Racetrack Betting Activities?

Bottom line--Faraldo should leave the business matters to those qualified to do so--and Gural is more qualified in this Department than Faraldo.


So anyone who doesn't have a degree in Racetrackology shouldn't comment on racetrack issues?

Good one.

These get better and better.



« Last Edit: March 22, 2013, 04:55:12 PM by Wink Martingale » Report to moderator   Logged

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« Reply #14 on: March 22, 2013, 04:32:37 PM »



Again with the expansion into right field.

Faraldo should NOT be making comments about a subject he is NOT an expert in---- in a Public Newspaper.

He is supposedly a Horsemans Representative.

He is not just some Grandstand goof foaming at the mouth.

Faraldos comments were largely non factual and just plain inflammatory.

I can see Faraldos comments being thrown around at private meetings--but to represent his views as being factual to the general public-when in fact they were not--is wrong.

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hungry
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« Reply #15 on: March 22, 2013, 04:39:37 PM »

Again with the expansion into right field.

Faraldo should NOT be making comments about a subject he is NOT an expert in---- in a Public Newspaper.

He is supposedly a Horsemans Representative.

He is not just some Grandstand goof foaming at the mouth.

Faraldos comments were largely non factual and just plain inflammatory.

I can see Faraldos comments being thrown around at private meetings--but to represent his views as being factual to the general public-when in fact they were not--is wrong.



He acted like a scorned child who was told that he can't have pudding unless he eats his meat.

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Wink Martingale
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« Reply #16 on: March 22, 2013, 04:50:12 PM »

I'll type this slowly so you might have a better chance of understanding, though I know the odds are slim tonone.

The comments were first made by an SBOANJ "executive administrator".  Faraldo is simply repeating what was long since in the public domain.  He has an absolute right to do this.  No one has shown that McNamara's claims were "non factual".  Nor did they *become* "non-factual" merely because someone you laddies don't like uttered them.

And if, after decades in the business, Faraldo  is NOT an expert in it... who IS?  Faraldo took the Barchi case up to SCOTUS while Jeff Gural was still a relatively obscure owner.  But in a broader sense, it doesn't matter.  You people don't like the message, so you come up with ever more amusingly illogical reasons why this or that one should've kept mum about the situation.  It's fun to watch, I'll say that.
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« Reply #17 on: March 22, 2013, 04:50:35 PM »

Joe Faraldo is to Jeff Gural like Cecil is to Sulkyfromouterspace........ jealousy and ONLY jealousy drives them to hate Jeff and sulky......   Both of us love harness racing and are passionate.....  and its only natural for some to hate us.....But you see.....Faraldo and Cecil have crossed the line.....they hate both of them so much....they want to bash their heads in......    They look foolish .......and will hide behind the good old days....and how they love harness racing.....yada yada yada,,,,,  don't be fooled....Faraldo and Cecil are very bad for harness racing... Jeff Gural and Sulky are champions for the integrity of harness racing....its that simple..... Cecil and Faraldo complicate issues for their own perverted gratification....




ohhhh sulky...you should be a psychiatrist....you have Cecil and Faraldo pegged !!!!




 trotter  just  trotter


P.S.     flag flag God Bless Jeff Gural, Wendy , Jason and the NEW meadowlands ~~~    flag flag
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hungry
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« Reply #18 on: March 22, 2013, 04:53:04 PM »

I'll type this slowly so you might have a better chance of understanding, though I know the odds are slim tonone.

The comments were first made by an SBOANJ "executive administrator".  Faraldo is simply repeating what was long since in the public domain.  He has an absolute right to do this.  No one has shown that McNamara's claims were "non factual".  Nor did they *become* "non-factual" merely because someone you laddies don't like uttered them.

And if, after decades in the business, Faraldo  is NOT an expert in it... who IS?  Faraldo took the Barchi case up to SCOTUS while Jeff Gural was still a relatively obscure owner.  But in a broader sense, it doesn't matter.  You people don't like the message, so you come up with ever more amusingly illogical reasons why this or that one should've kept mum about the situation.  It's fun to watch, I'll say that.

What's the difference if he's repeating what he heard, or he's the originator of the content?

Also, Faraldo hates Gural, Hates M1 and hates the idea that his track is getting 'outdone' by the Large M so he's lashing out like a 5 year old.

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sulkyfromouterspace
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« Reply #19 on: March 22, 2013, 04:54:02 PM »

make no mistake......Faraldo came out looking like a A S S .    He should of never hit the SEND button.....he is jealous of Jeff Gural....PERIOD !!!     No matter how you dissect the article....Faraldo is poison to harness racing....same as Pena...same as Allan Davis....!!!  PERIOD !!!


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sulkyfromouterspace
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« Reply #20 on: March 22, 2013, 04:55:06 PM »


What's the difference if he's repeating what he heard, or he's the originator of the content?

Also, Faraldo hates Gural, Hates M1 and hates the idea that his track is getting 'outdone' by the Large M so he's lashing out like a 5 year old.







Great Post Hungry !!!    beer        That sums it up !!
 

 
 
 
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Wink Martingale
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« Reply #21 on: March 22, 2013, 04:57:44 PM »

What's the difference if he's repeating what he heard, or he's the originator of the content?

Also, Faraldo hates Gural, Hates M1 and hates the idea that his track is getting 'outdone' by the Large M so he's lashing out like a 5 year old.


The difference is that if he is repeating something truthfully related by another source, the information remains truthful.  How many times do I have to repeat that?

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« Reply #22 on: March 22, 2013, 04:59:20 PM »

The difference is that if he is repeating something truthfully related by another source, the information remains truthful.  How many times do I have to repeat that?




 screwy
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« Reply #23 on: March 22, 2013, 05:09:24 PM »

The difference is that if he is repeating something truthfully related by another source, the information remains truthful.  How many times do I have to repeat that?



Truthful? Very little of what he said (or repeated) is true.

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THE REAL TRUTH
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« Reply #24 on: March 22, 2013, 05:25:06 PM »

I'll type this slowly so you might have a better chance of understanding, though I know the odds are slim tonone.

The comments were first made by an SBOANJ "executive administrator".  Faraldo is simply repeating what was long since in the public domain.  He has an absolute right to do this.  No one has shown that McNamara's claims were "non factual".  Nor did they *become* "non-factual" merely because someone you laddies don't like uttered them.

And if, after decades in the business, Faraldo  is NOT an expert in it... who IS?  Faraldo took the Barchi case up to SCOTUS while Jeff Gural was still a relatively obscure owner.  But in a broader sense, it doesn't matter.  You people don't like the message, so you come up with ever more amusingly illogical reasons why this or that one should've kept mum about the situation.  It's fun to watch, I'll say that.

Ok you condescending POS--You don't get it- Faraldo did NOT see the actual agreements the Meadowlands has with ANYBODY.

He just gives examples like " let's say the cartel commits to $300,000 in wagers per night on New Meadowlands races." Since when is "lets say"-a presentation of Facts?

Anyone who writes inflammatory articles about Gural or the Meadowlands is "insightfull" according to Mr Faraldo.

And since when is taking a case in Law--make you more of an expert in Racetrack Wagering and Handle ? screwy screwy

We all get it--Meadowlands is doing all it can to increase handle-including catering to Cartels and "whales"--so what?? Casinos do this all the time--its what turns a PROFIT--Something Mr Faraldo-is incapable of doing--because he is NOT the expert businessman he thinks he is--just look at Yonkers or any other track he's involved in.

Lets see Mr Bergman next write an article about the Racetracks Mr Faraldo is directly involved in--and ask him why he is against out of competition testing,allowing multiple beards to race at NY Tracks and charging the highest fees for Yonkers ADW signals in the Industry --and has done NOTHING to offer large gamblers any kind of incentive to wager at his NY tracks.
That should be a good read.
« Last Edit: March 22, 2013, 05:33:15 PM by THE REAL TRUTH » Report to moderator   Logged
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