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Fired NYRA chief wants his money

By Lombardo David
Friday, January 25, 2013

Charlie Hayward says the New York Racing Association owes him almost a half-million dollars.

Hayward, the former president and CEO of NYRA, was fired last spring after a report from the state Racing and Wagering Board alleged he knew about a takeout error that cost bettors millions. He is now requesting $460,000 as severance pay and argues the interim report was inaccurate.

"Since May 2012, I have waited patiently for the matter of my improper termination to be satisfactorily addressed," Hayward said in a statement released Thursday. "I had an employment agreement with NYRA and met all of my obligations. I expect NYRA to do the same."

The entire statement is available below.

Former NYRA Vice President and General Counsel Patrick Kehoe, who was also fired in May after being implicated in the interim report, is requesting $413,000 in severance.

The new state controlled board of NYRA met Friday in New York City and decided to delay any payments until a state investigation into the firings concluded. Last year, the state Inspector General's office began an investigation after the racing board released its interim report.

NYRA board member Joseph Spinelli said at Friday's board meeting that he would look into the status of the report from the state Inspector General's Office, which has been working on this for 10 months.

"It would behoove us to wait until the final disposition of the Inspector General's report," he said.

A full article on the NYRA board meeting, where a three-year plan was reviewed and Hayward's successor, Ellen McClain, announced her resignation, will appear in the Saturday issue of The Daily Gazette.

Follow @poozer87 on Twitter.

Charles Hayward on his firing from NYRA by DailyGazette

 
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