It used to be that you have to be in it to win it. Now it seems you have to be wealthy to be in it to win it.

There are 11 rehomed internationals in Tuesday’s Melbourne Cup field, including race favourite Buckaroo, and each of them will have been bought and sent to Australia at a significant cost. European auctioneers don’t get out of bed for less than half a million.

Incredibly, seven of these runners are trained by giants of the industry Chris Waller and Ciaron Maher, while four of these are part-owned by property developer Ozzie Kheir - Buckaroo, Valiant King, Interpretation and Saint George.

From a winning perspective, it is hard to knock their approach - the past two winners, Without A Fight and Gold Trip, spent a year acclimatising in Australia before winning the Cup. From a traditionalist’s perspective, the days of the underdogs winning are gone.

While Australian-bred stayers continue to battle to hit the mark, at least our jockeys are world-class. Mark Zahra is shooting for his third straight Cup on outsider Circle Of Fire, while Jamie Kah is edging closer to joining Michelle Payne as a Cup winner.

Re-invent the Derby

Flemington’s Derby Day has lost its killer punch.

Apart from the Coolmore Stud Stakes, which tends to be more about creating stallions than creating excitement for racing fans, the one-time jewel in the racing crown has been reduced to a kind of semi-finals day.

Unlike the Cox Plate or the Melbourne Cup, there is no eagerly anticipated build up for the main event.

Even Sydney’s Golden Eagle Day seemed to hurtle towards an attention-grabbing crescendo - an action-packed finale that then provided the added drama of fly-in jockeys Kieren Fallon and Antonio Orani copping one-month suspensions for careless riding.

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On top of that, Fallon was slugged with a $100,000 fine - to be deducted from his $262,500 winner’s purse - while Orani was fined $30,000.

One idea is for the Victorian Racing Club needs to re-invent its derby. Slice 500m off the distance, bringing it back to 2000m, and somehow raid the treasury to double the prize money to $4 million.

It could be enough to lure potential stallions, such as Godolphin’s Broadsiding, to the starting blocks.

The courage of Kah

Jamie Kah’s ability to ride on after copping a hefty whack in the nose by a rearing horse on Saturday should not be underestimated.

She was clearly in pain when the Danny O’Brien-trained filly Hurry Curry threw her head back at the barriers in the lead-up to race five and hit the superstar hoop flush in the face.

She was ruled out of competing in the event, and many would have forgiven the 28-year-old Kah for hanging up the riding boots for the rest of the day.

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But she rode on and became the overwhelming story of the day, winning the Victoria Derby for an old mate, Adelaide trainer Andrew Gluyas.

The nose-busting incident happened barely an hour after Kah’s emotion charged victory on Another Wil – a horse owned by her friend, the late Colin McKenna, and trained by Ciaron Maher - and you’d suspect that both moments would have left her feeling drained.

It was tough, inspiring stuff. Now, with a 10-meeting suspension for careless riding starting on Wednesday, the stage is set for Kay to win Tuesday’s Melbourne Cup on the Maher-trained Okita Soushi.

Maher the merrier

Ciaron Maher could well be crowned the new “Cups King” on Tuesday night as he continues his rise and rise from an ex-jumps jockey into a training leviathan.

Maher has realistic winning chances in Interpretation and Okita Soushi.

But what should not be undersold is his ability to turn a couple of seven-year-old mares into winning machines.

Pride Of Jenni was crowned Australian horse of the year last season after winning three group 1s and the All-Star Mile. Until last year’s spring carnival, she had not even won a group 2.

Bella Nipotina is the other Maher mare to have sprung out of the ground.

Her win in Saturday’s Russell Balding Stakes left the trainer in awe as he watched on from Flemington – one because of the ease in which she creamed her opposition, and two because her $22 million in earnings now ranks her the second-highest prize money winner in Australian history behind the mighty Winx ($26 million).

But, thankfully, it is not all about the cash. Maher’s emotional embrace with Kah after she had won on McKenna-owned Another Wil will remain an enduring image of the 2024 spring.

One El of a deal

Fair play to the often-maligned TAB for injecting extra spice into Saturday afternoon for the 80,000-plus Flemington racegoers.

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They used big screens at the track to flash up the juicy starting price of $10 for Victoria Derby favourite El Castello – more than twice its odds. While the maximum bet was capped at $20, it still allowed punters to back the favourite as well as backing another fancy in the race.

It was the biggest promotion the TAB had ever run and a step in the right direction for the Gillon McLachlan led firm, which is the official wagering partner of the VRC.

“El Castello was our biggest hold for the day with around 20 per cent of the market backing the favourite – that’s significant in a big horse field with lots of chances,” a TAB spokesperson said.

There should be more of it, and we are told there will be across the coming week.