Quote:
Originally Posted by SniperSB23
As much as we'd like to believe that there will be some magical source of money that comes in and boosts the purses it just isn't going to happen. The only way the racing/breeding scale evens out is if the breeding bubble bursts. That won't happen until Shiekh Mo decides to stop spending money in the US. He has the finances to singlehandedly keep the bubble afloat and is getting some help from the previously mentioned other three groups.
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I would really have to study the industry to come up with some ideas, but I can tell you right now, one of them would be to continue the consolidation from all sides. Just by looking at it, this industry wastes SO MUCH MONEY. Look at the ADW landscape, at the most, you need 2 of them, so there isn't a monopoly, but you have 4 majors, plus some fringe. These companies run at RAZOR thin margins, now if they consolidated, to two companies, maybe Twin Spires and TVG, margins would increase, thus you can be more competitive.
Look at these BS tracks that are closing and how tracks have to be pulled out by slots. Magna/Churchill really have the RIGHT IDEA in having all these tracks under an organization but the problem is that Magna has a bunch of buffoons in the organization and they get rid of people that demand they are heard.
There are too many tenacles to this industry, and tenacles don't usually live long.