Yes it does. Horses are taken off the track too early to breed.

And the notion that racing fans are just gambling addicts and gambling addicts input all the money from the fan interest end is not true.

New owners and new fans. How to attract them.
Again I sense a very skeptical view that racing cannot change. Racing used to be huge in comparison with other sports. NASCAR has captured a huge fan base. The sport is stuck in the muck without some new ideas. The fractured nature of the sport with all its different entities all worried about their own territory... the willingness of bloodstock agents to work with trainers and breeders to rip off owners... the list goes on.