NYRA agrees to subpoena, will hand over financial records

The New York Racing Association will comply with Comptroller Thomas DiNapoli’s subpoenas for the fin
PHOTOGRAPHER:

The New York Racing Association will comply with Comptroller Thomas DiNapoli’s subpoenas for the financial records of its thoroughbred racing franchise.

NYRA had said the comptroller lacked authority to audit the corporation that oversees racing at Aqueduct, Belmont and Saratoga. Association President Charles Hayward had also said it may need another $30 million state handout to preserve the racing season at Belmont, including the Belmont Stakes, the third leg of the Triple Crown.

DiNapoli’s office is still determining the scope of the audit, including the $105 million the state gave NYRA in 2008 and the past two years of operations.

NYRA confirms it agreed to the December subpoena.

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