JC / Railbird

Owners/Owning Archive

Loose Purse Strings Needed

Some racehorse owners make millions of dollars, others lose thousands upon thousands. “In other words, this is a speculative investment for people with substantial means. Don’t bet on horses to put the kids through college or fund your retirement plan. But those who have some money to play with and enjoy horses may find it enjoyable, and if they’re lucky, financially rewarding.” (Los Angeles Times)

Posted in Owners/Owning on October 10, 2004

Surprise!

Owning racehorses isn’t profitable — unless you’re in Argentina, the Middle East, or Hong Kong. Pity the Americans, though, who recover only 51% of the money spent on upkeep and training, and the Brits, who get a paltry 28%. (BBC)

Posted in Owners/Owning on October 7, 2004

A Reminder

Big prices can mean little: “The muscular $8 million Storm Cat colt sold at Keeneland last month doesn’t yet have a name, but other yearlings that have fetched stratospheric auction prices do.
“Seattle Dancer demanded a world record $13.1 million in 1985. He ran five times and won $152,413.
“Snaafi Dancer commanded $10.2 million in 1983. He never raced.
“Imperial Falcon went for $8.25 million in 1984. He earned $13,395 in three career starts.” (Courier Journal)

Posted in Owners/Owning on October 3, 2004