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With more and more horses owned by syndicates, partners, (a trend that will continue and grow), if they didn't run due to common ownership there would barely be any horses on the tracks pretty soon.
I think not running them in prep races against each other is one thing, but running them in the big G1 races isn't a problem. In order to avoid each other they would all be lessening their chances across the board and would make no sense, financially, to sit out races where horses have a shot, esp. for their racing history/breeding fees..
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