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Originally Posted by Rupert Pupkin
It wasn't the large fines that upset people. People were upset because they felt these trainers were pretty much getting off scott-free. If you fine Mullins $10,000, that's not going to really hurt him. He probably makes about $800,000 a year. A $10,000 fine is really just a slap on the wrist. These big trainers are thrilled if they can pay $10,000 and get off the hook. I'll bet you Asumussen would have been willing to pay 10x that amount if he could have avoided the 6 month suspension.
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$800k? Seems like a big # to me. To date, Mullins is not in the top 25 in earnings, at least I don't think he is. Even though I am in the financial industry, I don't count other people's money -- at least not to an extent, LOL. Anyway, I don't think Mullins makes that kind of money but I certainly could be wrong. It is probably a futile discussion.
If you want to count any seasons, shares, breedings, etc. he might get from a superstar performer; and commissions, bonuses, etc. -- maybe he can get to that kind of number on a gross basis. But with everything he was to pay out, overhead, the growing economics, etc., I don't think the number would be that high, but again, as I said, I could be very wrong.
Eric