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Originally Posted by Riot
It was the way things were done when one wanted to be a part of the sport of horse racing. It changed when living creatures were suddenly touted as investments for outsiders.
The 80's permanently changed the horse business, any "horse" business - be it STB & TB racing, hunter-jumpers, Arabs, QH, etc - it all changed forever after a dressed-up pyramid scheme became the business model.
Funny thing is, that has remained a major business model. It's 2008, and the inflow of new money has been gone for some time. Now it's really ugly.
I blame Leslie Combs and Nashua, myself  |
It's nice to see that reference to Nashua and his syndication. Was the deal in place before the end of his 3 year old season? Another ground breaker deal was Secretariat's, formed before he raced as a 3 year old.