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Horse Racing Industry Saddled With Financial Meltdown

By Diane M. Grassi

The 2010 thoroughbred horse racing season has seen its Triple Crown races pass, yet thoroughbred racing fans can still look ahead to some key summer races such as the Travers Stakes at Saratoga Race Track in upstate NY this August, and of course the Breeder’s Cup World Championships in the first weekend of November, to be held for the first time at Churchill Downs. So, we will now see the end of the 2010 thoroughbred racing season in the same venue in which it began, for a historic first.

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Horse Racing Needs Big Brown vs. Curlin More Than Ever

Some things disappear. Vanish. Just go away.

Sure, there are reasons, explanations, scapegoats, but the simple fact is that things disappear.

Unfortunately, down that same path more things might disappear.

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Pimlico Race Course as Good as Closed

This might as well be the end. This might as well be a funeral.

For the past two decades, every horse racing news out of Maryland was one of contraction. Whether it was the end of the Pimlico Special, the fabled stakes race that once pitted Seabiscuit versus War Admiral in a march race, or purse cuts or requests not to have race dates at Pimlico, it has been a near-constant struggle.

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25 Greatest American Thoroughbreds: Part 1 of 6

Eleven. Currently, that’s the most important number in American horse racing. There have been eleven Triple Crown winners spread out over 59 years.

However, since the dawn of television, which for arguments sake was 1952, there have only been three horses that could claim all three legs.

For any American who could not get to Louisville, Ky., Baltimore, or Elmont, N.Y., the first time he or she saw a champion horse was in 1952 when CBS affiliate WHAS covered the Kentucky Derby and the signal was broadcast across the country. Hill Gail won the race as the favorite, but an injury kept him out of the Preakness Stakes and Belmont Stakes. He never won another major stakes in his career.