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Breeders' Cup takes step toward failure

Updated: August 15, 2011, 11:49 AM ET
By Paul Moran | Special to ESPN.com

SARATOGA SPRINGS, N.Y. -- The news landed heavily if not unexpectedly last week, a blow to the solar plexus in what has been a generally light-hearted summer. The weather for the most part has been compliant at the Spa. The racing has been competitive, the fields of acceptable size. The crowds have been large, the betting handle voluminous and when the summer stand is over, the autumn meeting at Belmont provides its own prestigious stage.

Before long, a stream of money will be set loose ...

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