John Clay, surrounded by Kentucky breeders, has this to say in the Lexington-Herald Leader:
Is it any wonder why racing can't keep the public's interest when it cannot keep its stars running? And what good will stud fees be if a distracted public turns its back on the track entirely?
...Let's quit calling it horse racing, and start calling it what it is: horse breeding.
Until that issue is successfully addressed - who owns the sport - the Smarty problem will persist.