I'm not at all surprised he ran last. He is simply no longer competitive.
Look, he's had a terrific career, and run many excellent races despite some curious handling ( the inane insistance that he was a turf horse has wasted more than a few races in his career ). However, he's no longer remotely competitive in halfway decent races. Plus, shipping him around the country in a desperate attempt to squeeze some more money out of him seems pretty unfair.
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