Unraveling the Future of Racing with Boyd Browning

Just How Useful is Fasig-Tipton as a Bellwether?

The sales action at Fasig-Tipton often raises questions about its significance as a barometer for the overall health of the horse racing industry. While the open checkbooks and flying bids may suggest optimism, a more nuanced analysis is needed. Browning shares his thoughts on this delicate balance and how it impacts the broader economic forecasts.

He emphasizes the need to look beyond the surface and consider factors such as the declining foal crop, handle, and revenues. This ongoing trend poses challenges not only for Fasig-Tipton but for the entire racing ecosystem.

Thriving Sales Amidst Industry Concerns

Fasig-Tipton appears to be thriving, as evidenced by recent digital sales records. However, Browning is cautious about the broader industry's economic health. He sees a continued emphasis on quality horses and a trend towards higher-value sales.

Like Craig Bernick, he highlights the need to adapt to these changes and focus on the top end of the market. But this also means that the middle and lower markets may continue to suffer, leading to ongoing shrinkage across the major sectors.

Cognizant of Challenges and the Need for Cooperation

Browning is acutely aware of the challenges facing Fasig-Tipton and the industry as a whole. He believes that individual regions must work together in a spirit of cooperation and self-sacrifice.

For example, in California, the north and south need to find a way to collaborate instead of competing. At a broader industry level, there must be an acceptance that things need to change and a willingness to make sacrifices for the betterment of the sport.

Improvement Areas and the Role of a National Commissioner

Browning suggests that the sport could capitalize on areas such as equine safety, where recent declines in raceday fatalities offer a potential success story. However, he is cautious about expanding the Horseracing Integrity and Safety Act (HISA) without ensuring its proper implementation.

He questions whether a national commissioner is the solution and highlights the complexity of legislative involvement at the state and national levels. There is a need to ensure that any changes are well-thought-out and based on a comprehensive understanding of the industry.

The Importance of Economic Feasibility for Breeders

Browning emphasizes the need to make breeding economically feasible for average people. He argues that reducing production and training costs and enhancing purses are crucial for the sustainability of the industry.

Providing a great experience for those not driven purely by economics is also essential. This requires a holistic approach that addresses the needs of all stakeholders in the racing world.

• Visit the Fasig-Tipton website

Part 5: ‘We haven’t made enough progress on Thoroughbred aftercare’ – Lucinda Lovitt (aftercare)

Part 4: ‘When I look to the future of Thoroughbred racing, I’m very enthused’ – Corey Johnsen (track management)

Part 3: ‘What are the little guys supposed to do?’ – Tina Bond (trainers)

Part 2: ‘Greed is a bad word, but that’s kind of what it is’ – Craig Bernick (breeder)

Part 1: ‘Right now, there are way too many Grade 1 races’ – Marshall Gramm (owner)

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