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At such a nervous and dangerous time around the world it seems a little glib to talk of racing’s ups and downs.
On the plus side track attendances seem on the up, the racing has been magnificent and there are a range of huge success stories. But there are depressing major downsides of course. Many in the sport are feeling the financial pressures, some have gone under - and Rolf Johnson in this issue highlights the wider worry of the knock-on effect of new taxes on bookies.
Kempton had a magnificent Christmas Festival crowned by a brilliant King George. Yet the famous course is...

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