Horse Racing News on May 18, 2010

Ernie Paragallo, once one of the leading owners of Thoroughbred racehorses in New York, was sentenced to two years in Greene County jail and assessed a $33,000 fine.

The New York Racing Association reiterated on Monday that if it does not receive financial assistance from the state, it will be unable to complete the Belmont Park spring/summer meet. The meet runs through July 18.