TGJB Wrote:
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> Phipps and many others in the Jockey Club would be
> examples of sportsmen. For them it's sport, not a
> business. They aren't in racing to make a living.

https://www.paulickreport.com/news/people/jockey-club-announces-election-of-six-new-members/

Hard to argue with that. All descendants of very successful people -- both in racing and more specific -- wealth-creating businesses. Racing is a hobby but a very important hobby for them.