Rolf Johnson muses on pains of racing’s cash woes and executive ‘circus’

Around peg in a square hole is still a peg. A finger in the dyke wouldn’t have saved the Low Countries from flooding had it not been a good fit (sorry, a myth – no hole, no finger).
Most football managers, however briefly their face fits, can kick a ball. Racing’s circus harbours administrators who wouldn’t know a horse if it kicked them. And their dyke is crumbling. Plugging the £3billion ‘black hole’ in racing’s finances means somebody h...