Dick Jerardi

But yeah, no, it's something you have to consider.

But unfortunately, it's one of those things you just don't know what effect it might have or will have on any horse until they run the race.

Yeah, no, it's a great question.

So what happened was 1989 Kentucky Derby and previous winner Sunday silence.

For some reason, they just didn't want them over here as a, as a, as a stallion.

So he ended up going to Japan and his son's daughters, grandsons, granddaughters, they basically, they almost all traced back to Sunday silence and,

And over time, the Japanese have just built up their industry to such an extent that they now have horses and bloodlines that can compete around the world.

And they sometimes come over, as they did in the case of the non-urban, and go to the American sales and buy horses and take them back to Japan.

And it's as popular in Japan as baseball is.

The two greatest gambling countries in the world on horse racing, the amount of money bet, are Japan and Hong Kong.

So it's a very thriving industry.

And they didn't really lead Japan much until more recently.

I just think they weren't sure they could compete.

Well, they clearly have proven now that they can compete.

I mean, like when the Japanese horses first started coming to the Derby, they said, well, they got no chance.

But if you say that now, you're just not paying attention to the trends.

I think that, look, Baffert's always going to be a player because he has so many people that want to throw so much money at him.

Like his horse, Patente, costs $2.5 million.

It just – this year, the better – the wishes that he thought were going to be the ones just didn't make it for one other reason.

By the way, he did have another late entry.