Built to Survive: Governance, Reserves and Racing’s Power Structure
The math simply doesn't add up. Why would our most powerful institutions sit on record reserves while the industry faces a structural hurricane? If leadership is measured by its care for the most vulnerable participants, the current view from the top is failing. Simplicity is the essence of intelligence, and since coincidences are for romance novels, we have to look for the structural reason behind this unprecedented hoarding of capital. We’ve heard about “rainy day reserves” from the sport’s most powerful nonprofit institution — The Jockey Club and we know...
Lasix Didn’t Save Racing — It Masked a Sport in Decline
There’s a vote today in New York about a full race-day Lasix ban. Some horsemen, according to a recent NYTHA survey reported by Thoroughbred Daily News, say they would run fewer horses if Lasix is prohibited. That alone tells you how entrenched this drug has become. I’ve watched this game for over half a century. I remember when Lasix wasn’t allowed in New York — and if you wanted to be a champion, you had to run in New York. If you “needed” Lasix, you ran somewhere else. You weren’t...
The Stud Book’s Ghost Zone: Closing the Pipeline to Guyana and Puerto Rico
It is a hard truth to swallow, but I can no longer argue that this industry cares about its core customer—the bettor. While I don’t like it, I’ve learned to live with it, just as most players have; some are oblivious, and others simply don’t care. But when it becomes harder and harder to believe that the leaders and stalwarts of this game care about the horses, that is where I draw the line. I cannot ignore it, I will not stand down, and there is definitely no "quit" over...
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