Care to add anything Pete?
Not especially today.
The 'cup' weights are published and that helps to get the top-weights on a loose rein but weight-penalties can be given to winners (e.g. Finche -- 54kg) of races, other than WFA events, and that is a warning sign of cup-runners not expected to win.
The more general explanation for growing community disinterest is about the pandering to imported runners likely to boost the credibility of the cups, internationally if they run well.
However that may work -- attracting second-rate foreign discards -- it 'wrecks' the cups as local events holding the attention of the national community -- the Melbourne community is apparently beyond any semblance of commonsense -- not just racing events. It is the weather.
Why a national icon event would have been destroyed by RVL in its pandering quest for global relevance is the lingering question.
The national population -- some 25 million -- is about one-third of one-percent of the global population -- that is close to irrelevant in the normal course -- it is a worry that horse racing, mainly absolute rubbish, is so deeply ingrained in the local economy -- the politically contrived 'apparent' popularity of racing is well worth a national corruption inquiry.
That said I love racing -- fair contests among qualified runners -- but not the inflated-field nonsense akin to a game of bagatelle [-- a game in which small balls are hit and then allowed to roll down a sloping board on which there are holes, each numbered with the score achieved if a ball goes into it, with pins acting as obstructions.]
....... the best thing to happen to Australian racing was Prince of Penzance winning a cup -- at 100/1 ---- it underlined the stupidity of money grubbing administrators wrecking a national icon to feather their corrupt nest.