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Originally Posted by jman5581
Hey, I've got an idea about how much it costs. Chuck told me it takes about $3k/month per horse, on average, once you account for everything. I have no reason to believe he was overstating that figure. I have spoken with other owners and I know it can be done cheaper at other tracks, but for what Chuck's rate is and at Churchill, $3k/month seems square.
I asked that question on the Dee Tee blog. I just wanted to see an income statement for the partnership i.e. what the in's and out's for the "partnership" account look like. I realize we don't pay for the bills. However, that doesn't mean we can't have an income statement for the partnership. There are various sundry things that the partnership pays out, that would show up on such a statement. It was more of a request for transparency in the partnership account so that everyone doesn't have a different idea of how much $$$ is in the account at any one point in time.
Just for clarification, I don't expect to see every dime Chuck pays out of pocket. He's incentivized under the partnership arrangment to spend as little as he can and still get a horse that can win into the race. And if he can do this, and if Sumwon can get checks, it might end up being a fairly profitable arrangement for him over the long run.
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I believe she is well into the red. How long do you think horses can keep their form and continue to get checks? I think it was Charlie Whittingham that said, "Horses are like strawberries, they can go bad overnight."
As for the
transparency stuff. The partnership clearly states that we are not in this to make money. Do you just want to see what a bill looks like?
We are fortunate to have it turn out so well even if we haven't got our win photo(s)