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Furthermore, why has this announcement been made shortly after we nominated our 2008 foals, rather than before? Have we simply been making donations? It seems to me that by paying our fees each year based on established expectations, we have an implicit but clearly understood agreement or contract that has now been violated? Whether this astonishing announcement represents mismanagement, fraud, or some other form of malfeasance, I for one want my 2005-2008 fees returned.
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I've no knowledge of the law, but it sounds like a class-action lawsuit against Breeders Cup from the breeders may be enlightening.
Edit: thinking more upon this, isn't there indeed that agreement that if you nominate your foals, BC in return promises that your foals will have races of a certain purse amount available to run in?