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Originally Posted by Cannon Shell
How much money did they take in from investors? Between that and the BB purchase and sale of some of the mares last night they may have more income than expenses.
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Maybe. It's obviously hard to tell. Start with the, roughly, $5 million they lost on Court Vision. Figure the money they earned with Big Brown equalled what they spent for their three quarters of him. Now, obviously they spent the money last year, so I guess you have to look at it as profit. So between their share of the small percentage of him sold they maybe made a million over Court Vision's cost. Pure Clan may have made enough on the track to cover what they paid for their share of her. Benny the Bull and Kip Deville made over two million between them. There were some expensive horses mixed in that did nothing that I can think of.
Tough game!
On the other hand, they have some valuable assets......Benny not included. Somehow I don't think he's worth the $10 million they claimed in the NY Times interview.