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Standardbred racing as an owner is just another form of gambling.People on here seem to think, if you spend big money on a 2 year old and give it to a good trainer, just sit back and wait for the cheques. If Casie Coleman owned 100% of all the horses she trains, she would be broke in 2 years, even with the Sportswriter stud money coming in. All the big trainers are simply The Stable at a higher price point. It's like a casino, there are 100 $5, $10 and $20 tables and there are 5 tables in the high stakes room. Lot's of $100k yearlings never win enough to pay the training bills, never mind return the $100k and some $10k yearling purchases make enough money to pay all the bills and have some left over. Obviously, your odds go up with a $100 yearling, but so does the financial risk. I would love someone to document the last 5 years of any sale, showing the average earnings of yearlings purchased for $50k or more and the average earnings of yearlings purchased for 10k to 49k.
Dink is right about partnerships. All these top horses seem to have 3 4 or 5 owners a horse. A trainer usually owns a part. Then these owners have more fire power to buy more yearlings because they are spreading just 20-25% a horse. If they usually buy 5 they can be part 12 or 15 horses and nothing changes on cost level. I noticed something at the Ohio sale and prices thestable.ca paid and then what the actual higher cost was to syndicate. Does anyone know the extra fees?
Stan. actually made some good points.... But it seems like the business model of the industry has changed over the past 5 years. Syndicates are the thing, in harness and the runners. In our sport, the business is dwindling down to a dozen or so trainers that dominate everything. Not just at the stake level, but also at the condition and claiming level racing horses at 3,4,5 tracks a night. Watched a stake race at the Red Mile for 3yo colts. 7 horse field that Alagna had 4 and Takter had 3. this is bad for everyone including the gamblers due to whomever wins, they will think the fix was for THAT horse to win and the rest are a setup. I just think the business model of the sport has changed from ownership partnerships, to trainers dominating, to tracks being funded by casino's and in McDonalds case he has found a new way to market his skills. I saw he bought seven at the latest Ohio sale. probably has all the shares bought and paid for..... If it's not him, it would be someone else.
Haven’t seen cement hands around, where is he?
You must not pay much attention. He was at Mohawk driving in a couple big stakes on Saturday and Sunday he was at Flamboro. Today he's currently on a plane to New Zealand to speak about fractional ownership . What have you driven lately, or better yet, what have you done for the sport?