I cannot see how the JC can instutute a rule limiting books. It's a restraint of trade issue.
I do find it disheartening that so few owners of racehorses care to stand them at stud. I realize that it's very expensive and risky but in many cases you are "out" pretty early with a top prospect. I was no fan of the "Slew Crew" but I sure admire their loyalty to Slew. Similarly, owners like deKwiatkowski were rewarded for their loyalty to Danzig etc. Over the decades those to horses were worth more than even the Sheikh is offering. In most cases (not all) the owners are wealthy enough that absorbing the riskswouldn't be all that hard. If they sell, they have the option to sell only a percentage. They they have Sh. Mo as a partner and he has a pretty strong broodmare band with which to support a stallion that you also own. I have no idea if Sh. Mo would work that way but other operations do.
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RIP Monroe.
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