In reply to Wonrek:
I don't think that at all about the UTMB.
First a disclosure: I'm the membership secretary for the Bob Graham Club. It's up to you whether you think that makes me biased.
For several years the Bob Graham, the Ramsay Round and I think the Paddy Buckley were counters towards the UTMB even though these aren't "races". There was and is a good relationship between ourselves and UTMB/ITRA. The inclusion of the BGR on the qualifying "events" list did lead to some interesting emails: "I cannot find the race entry form on your website?"; "When is the next edition of your race?"; etc. (The Bob Graham appeared in their listing as being run on the 1st January!)
Morgan Williams posted this thread on the FRA forums -
http://forum.fellrunner.org.uk/showthread.php?21840-Bob-Graham-Round-UTMB which explains why we no longer offer UTMB qualifying points in more detail. There was a small amount of upset - but as noted we asked for and received a one year period of grace to allow those who had already done the BG to use those qualifying points. I suspect that those races who do charge an entry fee who are no longer qualifying events went through a similar process.
I don't know how many other big events use ITRA's list of qualifying races, in principle it's no different to The Three Peaks or Borrowdale asking for qualifying races. As you say, the runners become the losers in all this.