it is rare that anyone can do what they love and make huge money whether they are successful or not and have someone else pay all the cost for them and their family to travel everywhere and enjoy all the finer points in life!!
I wonder if anyone ever receives revenue from these horses or is it only cost paid my many but is only on small fractional pieces so no one complains. I dont know the structure but we all know a horse earning $30,000 per year is a huge loss let alone the extra coat such as management fees or travel or hotels or food or entry fees or vet or every other cost known to man.
Has anyone ever received a payout on purses or is this just a monthly bill/ liability?
When one investor asks to buy "into the business", what do you think? There's little to no chance an average horse doesn't cost 40K per year and I suspect the yearlngs that start to race in stakes races cost around 50K-80K. They have accountants, social media people, and I suspect a couple others on the payroll and last time I checked nobody works for free. Add to that his penchant for blood/vet work, sprucing up the barns every year, the open houses where they really show off, the excessive travel in 8 cylinder vehicles on the daily and there's no money going back to investors, save the odd horse like JJog. I don't know why people have an issue with the model, he doesn't point a gun at their heads and things cost money.
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