Virginia Racing Dormant

It all came crashing down in Virginia today when the operator of Colonial Downs told the Virginia Racing Commission it will turn in its license and close due to the commissions failure to approve a newly proposed horsemen’s group. The existing horsemen’s group was unable to come to terms with Colonial Downs. I see this as another example of the inability of horsemen, as a group, to understand the basic tenets of business as they have in their disputes with management over the past fifty years. They can not bring themselves to understand that race track operators must be able to operate at a reasonable degree of profit in order to stay solvent. Greed pushes these horsemen to extreme measures in order to pursue their unrealistic goals and in most cases ,as was the case here, they negotiate themselves into a corner where they end up with nothing. Ignorance never was a good basis for negotiation.

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