Lisa Lazurus

Tuesday's Horseracing Integrity and Safety Authority (HISA) virtual town hall was a free-wheeling affair, with the bulk of the two-hour meeting spent on a discursive question-and-answer segment moderated by trainer Ron Moquett and bloodstock agent David Ingordo, two members of HISA's horsemen's advisory board. The initial focus of the town hall was HISA's 2026 budget. This year's gross budget, recently approved by the Federal Trade Commission (FTC), comes to $77.2 million. If all the available credits are utilized by the industry, the net budget comes out to $60.6 million (though...

The legal threads connecting the rights of licensees to ply their trade and racetrack owners to police their grounds have been pulled tighter than a rip cord these past few years, thanks to a series of high-profile battles involving Hall of Famers Jerry Hollendorfer and Bob Baffert. These same threads hamstrung the years-long dispute between California's trainers and racetracks about what should be written into the race-meet agreement about fair procedures for trainers facing potential banishment from a facility. It all boils down to this: How best to balance the...