Author Topic: thestable.ca  (Read 36939 times)

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horses first

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Re: thestable.ca
« Reply #105 on: September 16, 2018, 11:21:26 AM »
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?

slimshady

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Re: thestable.ca
« Reply #106 on: September 16, 2018, 12:05:47 PM »
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.

stanetelman

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Re: thestable.ca
« Reply #107 on: September 16, 2018, 12:46:46 PM »
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.

Very well put!    tmbz1 tmbz1 tmbz1

Stan durbread

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Re: thestable.ca
« Reply #108 on: September 16, 2018, 01:28:12 PM »
I Agee with the idea of fractional partnerships. But not the pricing , $20 a month for a 1% share? Why not charge $30 and be able to pay your bills and make a living!!

Swandre

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Re: thestable.ca
« Reply #109 on: September 16, 2018, 05:16:36 PM »
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?

bought in USD and sold in CDN dollars. plus the tax.

Parked

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Re: thestable.ca
« Reply #110 on: September 16, 2018, 07:09:27 PM »
Bought a Dewey at morrisville today. Dam is 2 for 10. $8,000..   step up and ge in while you can..

whiptherabbit

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Re: thestable.ca
« Reply #111 on: September 16, 2018, 10:01:42 PM »
Some people think you just buy a yearling & count the cash. You're paying trainers & vet Bill's for 9 months minimum until they make the races (that's rare as well) ... they have to get there speed down , avoid injuries and be fast enough to make it.. Then theres stake payments etc... It's a crapshoot for everyone

The Exporter

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Re: thestable.ca
« Reply #112 on: September 16, 2018, 11:59:48 PM »
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.



tmbz1 tmbz1

horses first

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Re: thestable.ca
« Reply #113 on: September 17, 2018, 02:17:15 AM »
Thank you Swandre that makes sense then where the dollar and the CDN stand.

the master

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Re: thestable.ca
« Reply #114 on: September 17, 2018, 07:07:49 AM »
If you want to share in the excitement and experience of owning a horse then go for it! Understand that it is entertainment and you will certainly pay for it! Keep in mind that as a minority owner you will be along merely for the ride as you will have absolutely no say in the management and decision making regarding the horse! It's certainly not for me but good luck!

Brown jug

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Re: thestable.ca
« Reply #115 on: September 17, 2018, 11:37:16 AM »
all valid points not just about the stable .ca but small ownership in general
its as much if not more a form of gambling than anything
but we all know that getting in
the hope is you pay$17k for a swandre and sell for $1m
its a lottery but having a few shares of some horses gives you a chance

wiggles44

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Re: thestable.ca
« Reply #116 on: September 17, 2018, 12:23:15 PM »
Havenít seen cement hands around, where is he?

captain morgan

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Re: thestable.ca
« Reply #117 on: September 17, 2018, 12:41:35 PM »
Havenít 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?

Field_In_Motion

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Re: thestable.ca
« Reply #118 on: September 17, 2018, 01:07:36 PM »
54k PAYDAY WITH LAWMAKER ON THE WEEKEND IS PRETTY GOOD COIN.

horses first

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Re: thestable.ca
« Reply #119 on: September 17, 2018, 01:21:22 PM »
Is that coin US or CDN? Begs another question so since ownership is in ON if a race is in the US does it get sent to CA then exchanged over and if you are a US owner your check comes back in CDN and you have to pay to convert back to US? I suppose the Swandre guys where they any different since there where just 4 owners All in IL did that money travel back and forth or where they paid by Hoosier? I have some peaked interest on what they may buy at Lexington.

 

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