There has a great deal of discussion recently about the need to address the needs and requirements of the various stakeholders in the racing industry.
Some say the punter is the most important, some say the owner and some say other parties are just as important. Accordingly, their concerns and ideas should be addressed at the highest level. In my opinion, the punter is without doubt the most important factor in racing today. The punters' confidence in racing and it's administration must be the top priority.
Except for some leviathan owners, a great deal of horses are raced in partnership and syndication and in my opinion this is the way of the future.
It is not without precedent as, in Asia, so I believe, the majority of runners are owned and managed by syndicates(and I believe this is the way of the future). Let's be realistic for a moment....., in today's financial climate the day of the gigantic "super" stables/owners is limited, due to a number of reasons, time just moves on and the cherished benefactors of racing as we know it are getting older.
A younger generation of these equine dynasties are somewhat less inclined to invest vast amounts in horseflesh(NB. it has to be a passion - which it was for the "chicken kings" and other leviathans). I am not so sure this passion exists to the same extent today with younger family members.
The point I make is that the racing industry could still be maintained into the future by the Govt of the day acquiring horses and syndicating them to "battling" owner syndicates to maintain the number of horses in work and at a relatively affordable cost to the syndicate stakeholders. Therefore the breeder gets a good price and syndicate members can enter the sport at realistic levels.
It is then under Govt control and scrutiny and every participant is paid a wage according to the award and percentage of prizemoney earned.
I am suggesting this may a "lifeline" for the longterm viability of the industry and welcome anyone's thought on this matter which may affect the industry in the not too distant future.

Cheers.