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Originally Posted by Scav
You can look at the other side, where he is pumping tons of money into the American industry by buying those horses, assuming the people that are selling, are putting that money back into the industry. It isn't like he is charging ridiculous amounts of money for his stallions either, they are all priced at the right level.
I to would love to see some of these horses continue to race, but the very fact that YEARLINGS sell for a million dollars at the sales prevents that, there is just too much money in the breeding side. WHEN THAT evens out, meaning when racing = breeding, then you will have an even industry.
All this industry is doing, is what every other industry in America is doing, consolidating....
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They are creating a bubble economy Scav. The yearlings are selling for a million dollars to a lot of people hoping to be able to sell them to Shiekh Mo for $10 million off a maiden win. They aren't worth that million without the possibility of selling them to Shiekh Mo. A lot of people think that Shiekh Mo stopping spending money in America would be a disaster because the bubble would pop. And yeah, a lot of people in the industry that are thriving off that bubble would take a hit. In the long run though it might be the best thing for the sport for that breeding bubble to burst.