You will see the current governance model, or lack thereof, completely change over the course of the next five to ten years. The USTA can continue to be assumptive, presumptive, or even continue to "power-grab" whatever purview or areas they wish. They are not a governing body. Period. They----or perhaps just Williams and Faraldo----may think they are. However, the fact is, they are not. The inherent conflicts of interest, the favoritism, the blind-eye and deaf-ear approach and attitude, and so much else of what we see today, will, little by slowly, diminish and disappear from today's landscape.
Will there always be people cheating? People looking for an edge? Absolutely. You have it in every business. The stock market is no different. You see far less of the Mike Milken's and Ivan Boesky's today than twenty, thirty, and forty years ago. Yes, you still have crooks and thieves, like Raj Rajaratnam, but you will see----that is a function of the crook stealing, rather than the entire market or system being broken. Today, harness racing is broken. It is being fixed. You may not believe that or like how it's being done, but like I've always said, harness racing, and yes, the Meadowlands, will be around a lot longer than anyone here. So will Woodbine/Mohawk, and so will several other tracks. You will see less tracks in the end, and that's a good thing. On the t-bred side, Gulfstream will not only survive, but will thrive. So will Belmont, if NYRA doesn't run it into the ground, but if they do, the state will take it back or a new franchisee will come in and take over. Maybe 1/ST? LOL. The one that scares me here is CD. Eat what you kill can take you very far. I think being publicly-traded can be a big edge for them.
