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Just annoying having vets-only races in the TT world
It's a VTTA promotion, the organisation was set up to put on races for vets. Many vets, especially older ones, simply couldn't get a ride on fast courses based on scratch, but VTTA event entry is based on standards, so people over 70 have as much chance as the 40-somethings who dominate the scratch prizes in open events. It works for people with "middlemarker" in their genes too, last time I raced against my dad, I beat him with +4:05 to his +3:49
If you think there are hundreds of young riders being crowded out by all the fast vets, I suppose you could always put on an event with special conditions to keep the over-40 mob out :-)
Those already exist, they're called road races.