http://www.bloodhorse.com/horse-raci...#ixzz1Q88uAoeX
Excerpt:
Platt, in strongly worded comments, said the entire process since last summer has been driven by “utter incompetence.”
“Proponents of the takeout increase used flawed revenue projections saying there was little or no elasticity between takeout and handle,” Platt said. “They argued handle would remain the same, enabling purses to increase dramatically, and that field size would go up as a result of the increased purses—in turn generating increased handle and revenue. Of course none of that happened.
Excerpt:
“We told them exactly what would happen beforehand, and then watched it play out almost exactly as we called it.”
