Even before you add in the Olympic year this is such a big thing.
My trainer has run at the 5* level. She hasn’t been back there in a long time not for lack of trying but because it’s really hard to stay there consistently when you’re supporting it all yourself and only have one upper-level horse in the pipeline at any given time. Add in a string of genuine bad luck with a few of those one horses one after another and suddenly someone who’s perfectly capable of being there as a rider is absent for a decade. Make that happen to fifty of those riders and, well…
Factor in the Great Recession, COVID, and the cost of living situation of the last few years on top of the Olympics, and it makes perfect sense. It’s not ideal and I wish we had 75 5* entries that would actually run in Kentucky, but I get why we don’t right now.