Joint stake in horse by state regulator and Santa Anita executive raises questions

The fact that state regulator Madeline Auerbach and Timothy Ritvo, who runs Santa Anita, were business partners in the ownership of a horse is seemingly the most basic of conflicts of interest.

Klay Thompson of the Golden State Warriors, already walking after knee surgery, hopes to be back on court before NBA playoffs.“Together they couldn’t have had more than a quarter of the horse,” Auerbach said. “We were sitting around a table and I liked this horse and Mike [Rogers] was buying into him. And Tim said, ‘I want in, too,’ so he joined.”

There are several items involving Santa Anita and the board. Besides granting a license for the fall meeting, Auerbach will vote on a proposed racing schedule that gives two of the three Los Alamitos thoroughbred meetings to Santa Anita, according to those familiar with the plan but not authorized to comment. Los Alamitos would retain the L.A. Fair meeting, which would be run Dec. 3-20.

It’s a fine line that specialized regulatory bodies must walk in finding people knowledgeable about the business yet without conflicts.

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