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50,000 Annual US Foals "Way Too Much Product"
Breeders' Cup president Greg Avioli also told the International Equine Summit the fact fewer foals are being bred "isn't necessarily a negative" reported bloodhorse.com. Avioli emphasised that even with recent declines 50,000 foals is "way too much product." He called the 50,000+ non-graded races run in the US each year "essentially a commodity" & noted there is "about US$200 million in revenue from handle produced each month"; Avioli commented that, if the money went to "the right number of tracks & races" the industry would benefit. He declared bluntly: "Instead of 20 well-run tracks we have close to 500 entities that suck off the mother (teat) of that money. We need to get rid of some of them."