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Showing posts with label Jockey Club. Show all posts
Showing posts with label Jockey Club. Show all posts

12 February 2009

On Cassandra and wishful thinking

What is left?

All the arguments made, slowly enervated, we limp along, aware of the imminent demise. How do we break through the cloistered cathedral at the Jockey Club and track management headquarters? Has the Alliance failed? In normal times, this would be a ludicrous question; these are not those times.

What is the cost of deferment? If the respective parties cannot agree that the greater good is more important than individual concerns, then there is nothing to be salvaged. If, however, the crisis is accepted and confronted, these days will mark the reversal of a flagging standard bearer and marshal a new day for this game.

What is needed? Convergence and relentlessness. No longer can we accept the platitudes and prevarication of those looking to buy time. If change is to come, it must come. It cannot be hoped for or wished upon, like a child with a recently lost tooth.

It appears as if two contrasting views have been held on what ails this game. The first is that this is essentially a reflection of the global circumstances and that if we can just patch together a temporary solution, we can ride this out until the markets recover, liquidity starts flowing and we can all return to the heady days of N3L horses, fetching millions at auction. The second, this is a margin call on business as usual.

There is no mystery regarding what needs to be done. The fundamental dysfunction is easy to solve, it might not be simple or pleasant; but it is easy. The changes on the margin, while nice, are not necessary, right now. Actionable efforts must be implemented. There needs to be a standard of account and a dispensation of obfuscation. The moral turpitude, suffusing this industry, is redolent with special interests and the mephitis of indulgence.

What are the discussions among the elite, sequestered within their walls? Are they ignorant of the sea change? These are not the good old days and the game is mired in legacy costs, too burdensome for this era.

Why then does it appear the leadership is making a gross miscalculation? It may be that it is hoping for the best but I would suggest it is asking the wrong questions. It has not asked what needs to be done to assure a resolution. It has asked itself, instead, what is the best it can do given three supercilious, self-imposed constraints: no nationalization; no losses for management; and no compression of product. But why does this group of so called stewards, confronting a gargantuan crisis, not attempt to alter the framework of the debate? The pusillanimity is worrisome and their attempts to impose captious solutions on bloated institutions is misguided and, ultimately, destructive.

We are entering a time when the focus shifts to the Derby and the distraction it engenders is a siren song. The prep races and the expectations, the attraction of the future pools and the preparations, for the one day the rest of the world turns a half-lidded eye to the game, make it easy to succumb to the hype. Like a teardrop in the ocean, we forget the precious fragility of that unbridled spirit we need to keep this game alive.

We are running on stolen horses and borrowed time.

"Against the run of the mill, static as it seems,
we break the surface tension with our wild kinetic dreams."
-Neil Peart

23 November 2008

Gallows humor

Hat tip to Crossing Wall Street.

Somali Pirates in discussions to acquire Magna and TVG
by Winston Armstrong
Blackwatch News(BWN)
Date posted: November 22, 2008

Harardhere(BWN)-Sugule Ali, spokesman for the pirate group that captured the Ukrainian freighter MV Faina and several other vessels in the Gulf of Aden, revealed in an exclusive interview, that the Somali pirate organization is in final negotiations with MEC and TVG to purchase those separate companies and fold them into a new racing association.

The Harardhere Expedient and Licentious Plunderbund (H.E.L.P) for Racing.

The pirates would buy MEC and TVG with cash stockpiles earned from their hijacking and terrorist activities, including the recent boarding of the Saudi Aramco owned, Sirius Star; they have ransomed the Sirius Star for $25 million cash and box seats to next year's Kentucky Derby.

When asked if they would accept seats to the 2009 Breeders' Cup instead, Mr. Sugule, the only person authorized to speak for the organization, informed the negotiator "I hope the owner of the tanker is wise enough and won't allow any more ridiculous offers to make their way to the table. We do not want to kill any crewmembers or sink the ship but we will not tolerate any more insults. We are prepared to fight back."

The Harardhere cartel recently acquired Citigroup (C), and is therefore entitled to government funding under the T.A.R.P.

"There has been much talk regarding the downturn in credit markets and the collapse of the Yen carry trade but we have diversified our investments and are poised to make several more sizeable acquisitions in the coming months. We have dispatched several operatives to visit Mr. Brunetti and make him an offer he can't refuse" Ali said.

"The recent downturn in the bloodstock market has provided us with an invaluable opportunity to acquire exceptional pedigrees at ridiculously low prices. Darley and Coolmore have backed off at the right time and we see this as an excellent entry point. There was an unfortunate incident during one of the sales when a consignor, privately offered us Run Away and Hide as well as Majestic Warrior. We trust we will not have to make a similar example of any other sellers. With the acquisitions of MEC and TVG, we can capitalize on our market footprint and produce immediate results for our investors."

Anonymous sources at Keeneland and Fasig-Tipton did confirm receipt of several large deposits from multiple Swiss bank accounts.

Ali went on to say, "It is monumentally criminal what the Jockey Club and the disparate and inept horsemen's associations have allowed to happen to this noble sport. What the NTRA is doing is beyond me and the kneejerking that has occurred in the last six months is predictably pathetic. There is no place for the drugs that infest the sport and the takeout rate is usurious; we hope to bring some respectability back to this game and bring it back to the people."

Representatives of the Jockey Club and THG failed to return our phone calls. When asked about Mr. Ali's comments, a spokesperson from the NTRA said...

"No comment."

31 July 2008

This, the most unkindest cut of all.



"Among males, geldings usually are regarded as the most reliable claiming racers."
-Ainslie's Complete Guide to Thoroughbred Racing


I woke up far too early this morning and could not go back to sleep. I stole out of bed and hid myself in the study, pouring over my small library of horse books. There is a quiet energy that early in the morning that focuses the senses; I was groggy and nonplused so I missed it.

I kept thinking back to the Congressional hearings a few weeks ago and to the testimony of Alan Marzelli, CEO of the Jockey Club, in particular. Answering questions from the generally dimwitted and grandstanding members of the congressional committee (redundant, I know), Marzelli fielded one question in particular with what seemed, to me at the time, to make sense.

I don't remember what mouthpiece posed it but the gist was something to effect of...the breed was becoming weaker and why couldn't the Jockey Club put some restrictions on breeders as to the age of stallions and the degree of inbreeding allowed?

Marzelli riposted with the reason that that would constitute some sort of free market infringement and undue constraint on a breeders right to choose. Since I have a healthy respect for free markets and capitalism, Marzelli had me at hello.

What occured to me this morning and rang as clear as a bell was the fact that Marzelli is, wait for it....FULL OF SHIT.

Section V. RULES FOR REGISTRATION, GENETIC TYPING AND PARENTAGE VERIFICATION.
Paragraph D. To be eligible for registration, a foal must be the result of a stallion’s Breeding with a broodmare (which is the physical mounting of a broodmare by a stallion with intromission of the penis and ejaculation of semen into the reproductive tract).


The Jockey Club already tells the breeders HOW to breed. No artificial insemination, no bloodlines that are not registered in the American Stud Book. Kerry, at Thoroughbredbrief, has a great piece on other legal aspects of The Jockey Club's decisions.

Scott Gillies had a piece a few days ago that touched on how breeders in Germany restrict the age at which horses can enter into stud and the distance at which they were proven. German horses are as solid as a BMW K75 engine. So the argument that the Jockey Club has the best interest of the breeder's rights at heart is rubbish.

Dante wrote that 'The hottest places in hell are reserved for those who, in a time of moral crisis, remain neutral.' There is much that the Jockey Club could do and the fact that it chooses to wink at its cronies, profess outrage at the situation and plead moral futility is a cause for pathos.

The game needs help and in no small quantity. What it needs most are horses that have careers lasting longer than 'Cop Rock'. Horses we can get the new fan to fall in love with the same way Spectacular Bid captivated me, by staying in competition and showing up every time.

Red quest just won the first race at Ellis Park. While a $4000 claimer is not much to get excited about it is a glimmer of the hope we need.

Evening Attire is still knocking heads in stakes company. Dana at Greenbutgame has a nice tribute to Lava Man who we just lost to retirement after a sensational career. The Tin Man, Commentator, Perfect Drift and Yeats are/were all out there winging it against horses whose sires they raced against. (By the way, I recommend listening to the race call of the Goodwood Cup. I can't find the race yet and I don't know the caller's name but his call of Yeats in 'Splendid isolation' is poetic.)

It is past time for those that can effect change to do so. Should we tell people who and when to breed to? Of course not but the fact that what drives breeding now is the prospect of breeding is ludicrous. The Invisible hand of the market works. It works with indiscriminate precision and if ignored for too long it will cut off the atrophied parts of this business.

Mr. Marzelli's shibboleth as free market champion notwithstanding, those cuts could just cut us all off from this game.

The Bid

The Bid
Greatest horse ever to look through a bridle