Shammy Davis wrote:http://www.thesportjournal.org/article/trouble-turn-how-trainers-view-financial-viability-california-horseracing
According to this blog, the trainer is better off owning the horse if he/she has a small stable.
http://holyracehorse.blogspot.com/2009/ ... ining.html
http://www.racehorsetrainers.com/dayrates.htm
This is a very interesting thread. It reminds me of the risks Charlie Whittingham took with a number of his great horses when he took a considerable share of the ownership. In the case of Sunday Silence and his agreement of Arthur Hancock, I believe he even sold half of his share so he immediatedly made a profit.
Hi Shammy,
Thanks for the post, it's a good read and it is just the way it is back there, moreso for the small trainer....but it does find its way to the larger outfits when there is a dry spell. It's a struggle.......even the 10% commission is used up before the big horse comes home. The yearly workmans comp......requires a horse to earn 40,000 plus just to cover that expense from your 10% commission in a small stable.....much higher for the big outfits. I found out that 10% just doesn't get it.....you have to have a piece of every horse, if not own them outright. It's the only way you can survive, otherwise it's just a steady drain. But, it's the chance you take to show your ability and eventually find your way into a better position. TJ