The reorganization of the current
25 member NYRA board of directors is now complete. Governor Andrew Cuomo
announced his eight appointees. The New York Senate and Assembly were allowed
to select two directors each. The current NYRA board picked five of their
standing members to be their representatives on the new 17 person board of
Five of the appointees
from the New York politicians were already NYRA board members and when they are
combined with the five NYRA nominees that makes a majority of 10 out of 17
directors that have already been part of the NYRA board.
That is a surprising
result because it was expected that the new NYRA board of directors would have
a very different composition than any previous NYRA board. It was assumed that
the government appointees would not have ties to NYRA and that they would be on
the board to put Governor Cuomo’s agenda in place.
This new government
controlled NYRA board will stand for the next three years at which point
control will go back to the private sector. One of first responsibilities of
this board is to run a national search for a new CEO and a general counsel.
Skorton, President, Cornell University – Chair (Cuomo appointee)
Flay, Chef and Thoroughbred Owner (Cuomo appointee)
Rosenthal, Producer, Co-Founder, Tribeca Film Festival, and CEO, Tribeca
Enterprises (Cuomo appointee)
Riggio, Chairman, Barnes & Noble, Inc. (former NYRA board member and Cuomo appointee) Mr. Riggio is the owner of My
Meadowview LLC, a thoroughbred racing and breeding business.
Bonomo, CEO, Administrators for the Professions, Inc.
(current NYRA board member and Cuomo appointee) Brooklyn
Tese, Executive Chairman, Bond Street Holdings, LLC.
(Cuomo appointee) Mr. Tese
also chaired the New York State Advisory Commission on Racing in the 21st
Spinelli, Managing Director, Navigant (Cuomo appointee)
Megna, New York State Budget Director (Cuomo appointee)Mr. Megna will act as a financial
watchdog on the NYRA board.
Hendrickson, Special Advisor for Saratoga (Cuomo appointee)
Dubb, Principal and Founder, Beechwood Organization
(current NYRA board member and NY Senate appointee)Dubb was appointed a member of
the New York Racing Association Board of Directors in 2008. In 2011 he was the
leading thoroughbred owner in New York State.
Mack, Senior Partner, Mack Company (current NYRA board member and NY Senate appointee)Mack is a former member of the
NYRA Board of Directors and served as Chairman of the New York State Racing
Commission from 1983 to 1989, during which time he was also a member of the NYS
Thoroughbred Breeding and Development Fund.
J. Del Giudice, Chairman, Rockland Capital Energy Investments, LLC. (current NYRA board member and NY
Mr. Del Giudice was appointed to the NYRA board in 2003 and promoted to
Vice Chairman in 2005.
Cotton, Executive Vice President and General Counsel, NBCUniversal (NY Senate appointee)
Steven Duncker, the now former NYRA board chair (current NYRA board member and NYRA appointee)
Stuart Janney III, thoroughbred owner-breeder (current NYRA board member and
Stuart Subotnick, thoroughbred owner and media
executive (current NYRA board member and
Charles Wait, a bank executive from Saratoga
Springs (current NYRA board member and NYRA appointee)
Barry Ostrager, president of New York Thoroughbred
Breeders Inc. and the owner of Questroyal Stud in New York. (current NYRA board member and NYRA appointee)