New York racing’s frazzled financial status takes even more luster off buzzless Belmont

New York racing woes overshadowing Belmont Stakes

NEW YORK — The most intriguing five weeks of the thoroughbred racing season come to a close with Saturday’s 142nd running of the Belmont Stakes, the final leg of the Triple Crown and New York’s premier horse race.

While there’s not much buzz surrounding the lackluster field lining up for the 1½-mile trip around Belmont Park this year — no Triple Crown on the line and neither Kentucky Derby winner Super Saver nor Preakness winner Lookin At Lucky are running — there’s plenty humming when it comes to the frazzled financial state of racing in New York.

Sure, the entire industry is far from flourishing, but in New York some would argue it’s simply floundering. The problems are many, the solutions few. So far.