Quote:
Originally Posted by Redboard
To blame the decline of Santa Anita on Dubai is simplistic. It’s way more complicated than that. Competition is supposed to help the quality of a product, it’s the American way. Why didn’t Santa Anita raise their purses to compete with Dubai? We all know the answer to that.
Nice read though. I do like the Pegasus and will watch every race tomorrow. I just wonder how long Gulfstream can sustain losing money every year on the event.
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The answer to your question is that Dubai has so much money they were able to keep their purse above even the BC Classic, which has stallion subscription fees. There is no way the Big Cap could ever offer a competitive purse to Dubai.
You needed a new model- the Pegasus- to do it.
