Y, the divergence is getting big now. Shows you how much NSW is missing out.
Australian racing
I am not sure NSW are missing out on much tbh. From a racing view I think the TO charge is a good thing and it is what is needed in the UK and will come in time. From a trading view point though it is horrible.
Not all money is 'good' money depending on where you are looking at it from.
NSW are protecting their other sources of revenue which have a much higher return for them and in turn protecting their funding and prize money. True they are missing out on the exchange money but they don't particularly want it.
I will be surprised if the next UK Levy negotiations don't see a change to a turnover basis, most things seem to be pointing to that happening, largely for similar reasons as NSW.
I had missed the sad news about Sir Dragonet this morning until they mentioned it just now on Racing.com's coverage:
https://www.racing.com/news/2021-10-16/ ... euthanised
https://www.racing.com/news/2021-10-16/ ... euthanised
Everest has a fair degree of round robin funding.
Fair point.
The prize money in Australia though is just a different universe compared to ours. I don't understand why more foreigners don't have horses run over there with the prize money so good any additional travel expenses would be easily covered.
The Caulfield Cup has a cool £1.7m to the winner which isn't far off the Champions Day total.
There is a big specialisation in bringing European 2000+ metre raiders for these races. Of course covid19 has killed it off for the moment.
The Australian classic races (which copy uk classic races) are mostly longer distances and yet we’ve really focussed our breeding on sprinting. Everest is a nod to the sprinting obsession.