Hayward says NYRA board acted too quickly
Charles Hayward says the New York Racing Association Board of Directors was too quick to remove him from his post as president and CEO.
On Friday, the board fired Hayward and NYRA General Counsel Patrick Kehoe, just a few days after the two were suspended as a result of information that came to light from an interim report by the New York State Racing and Wagering Board.
The report followed an investigation into an incorrect takeout percentage on winning exotic bets for NYRA races, which went on for 15 months and denied bettors about $8.5 million in winnings they were due.
The Board cited the firing of Hayward and Kehoe as evidence that it wants to clear things up with the state and avoid breaking its franchise agreement to run tracks at Aqueduct, Belmont and Saratoga Springs.
In a statement released on Friday, Hayward is maintaining that the NYRA board acted too quickly in firing him. "I expect to be fully exonerated when all of the facts come out," he said.
On Thursday, through his attorney, Eric Corngold, Hayward made his case to NYRA Board Chairman Steven Duncker, but apparently it didn't work.
Follow @GazettePolitics on Twitter.
Read the full statement and letter to Duncker:
Hayward Response to NYRA