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Originally Posted by NoChanceToDance
If they didn't buy these old horses for 10 times their value year after year, it wouldn't really happen. Smaller owners would not feel pressured into making a sale and they wouldn't feel like they were being dominated all of the time.
It is driving many of the smaller owners out of the industry. They take their money and run and put it into an industry with a greater return.
The problem is that it is these owners that the horse racing authorities are trying to appeal to, but how can they when this is happening?
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Being dominated?! Ha,ha,ha! These people are making out like bandits...they are the bad guys in the situation if they are not choosing to re-invest in the sport and obviously they are the ones who do not give a damn about the sport to not do so. Horseracing is a sport which you get into knowing you're probably going to take a loss and if they are failing to realize this when they get in then obviously they are the folks with the bad business plan.
You have a serious problem with people who have money.