Like you suggest Jacobus, pulling the plug raises more questions than it answers.
RASE states that the show was economically unviable but I disagree.
The reason the Royal ended up being a financial basket-case was not because of the show itself, but because the way it was run. If the Scots and the Welsh can make a success of their respective shows, then there is no excuse for the failure of the Royal.
RASE chairman Hugh Oliver-Bellasis states: "In the aftermath of the Foot and Mouth disaster in 2001 closely followed by very bad weather two years ago and Blue Tongue last year, the event has struggled – both financially and in its ability to attract both farming and non-farming visitors."
I think it is disingenuous to blame foot-and-mouth, bad weather and blue tongue for the show's demise. Other shows have also had to contend with those events and yet they are still going.
Stoneleigh too is ideally situated too in terms of it being (almost) in the centre of England. There's no excuse there for failing to pull in the punters.
I would suggest the show failed because it became irrelevant - irrelevant to farmers and irrelevant to the public. Why? Because the people running the show allowed it to become irrelevant.
RASE now aims to "create a new programme of events from 2010 onwards" that develops and enhances its reputation. It has also pledged to redouble its efforts to ensure that RASE is a relevant organisation for the 21st Century.
It will have its work cut out. But then again, after this its reputation can't sink much lower.
Like Jacobus says, what happened since 1 March to change their minds and pull the plug?