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Originally Posted by Cannon Shell
What if the gelding starts to lose a la funny Cide? Then what is the sperm worth? A whole lot less? What happens when one of these horses breaks down? Doesnt that just give the crazies another argument to use against us?
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I'm not necessarily adopting the author's entire scheme. Might be no need to geld, just collect the payload as an insurance policy.
But you're right about there being little upside, economically speaking, to continue racing when the value is at it's peak.
As far as the risk of something happening to a horse that continues racing..well, life is risk. It may happen, but most times it probably won't and the benefits of having a reliable star, as opposed to a shooting comet, may be worth the risk. Anyway, since when are you afraid about what a bunch of crazies think? The DeeTee partners aren't crazy enough for you?