A very challenging article. The writer’s view on a talent-centric approach for racing is interesting.
Industry Voices | Time to Change the Structure, by Fred Pope | BloodHorse.com Blog Stable
The Jockey Club Round TableAt this year’s Jockey Club Round Table, I hoped to hear the McKinsey & Company presentation say, “We discovered Thoroughbred racing is facility-centric. When you change and develop a talent-centric structure, you will have a growing, powerful sport.” That did not happen. Although they advise the NBA, NFL and other talent-centric sports, McKinsey never mentioned the benefits of racing developing the same structure. McKinsey warned that racing has not bottomed out. If nothing changes over the next 10 years, racehorse owners alone will see a 50% loss in revenue. For breeders, auction companies and support service companies, that news about horse ownership is devastating.