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Originally Posted by Storm Cadet
Thanks Eric,
That's one reason I gave up all my partnerships. Can't trust most of these guys anymore. They say one thing...charge you another!
I'll never forget my 2nd horse partnership we sold the colt to Winstar farms as they did not have a Derby horse for the 2003 season. They offered us 3/4 mil for him which we took but you cannot believe all the hands taking out their share BEFORE the owners got theirs. Even the trainer was paid 15% of the sale price (they told us). I never could figure that one out. Why the trainer would get paid off for a private sale between two racing corps???? We wondered if RV was really ever paid!
Ron
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I could see a trainer getting paid. This arguement comes into play here, and the arguement is older than dirt. I've heard both sides time immemorial. Should the trainer get paid? Should the trainer not get paid? Personally, I pay it. Actually, I offer it beforehand.
In this case, why not ask the trainer? Of course you may not get the truth, but why not ask? If I had to guess, I would peg it at 10%, perhaps 5%. I would think there was an agent in on the deal as well. Plus, plus, plus.
Eric