I don't defend the industry, the sport, and especially not track ownership/management. However, is it that much different in many other industries? The art/auction world, with Christie's and Sotheby's. Chairman of Sotheby's got jail time. The stock market? Do people actually believe it is a fair and efficient market? Real estate?
Hey, that doesn't mean anything, nor does it help. But it also doesn't make this industry the exception. It's a shame being the norm too.