HOY - what is the benefit?

[Danzig]

Originally Posted by dalakhani

Doesnt it depend on the horse though?

Did Smarty's connections lose any money when he wasnt named HOY? Would Fusao Segiguchi (sp?) gotten any more for Fusaichi Pegasus if he had won HOY? How about PG? Was he going to be worth any more?

I think it makes a much bigger difference to the older horses than it does for the three year olds.

syndication deals will only go as high as the breeder thinks he can recoup in a couple years time....that's why fupeg and some others shuttle. ya gotta cover as many mares as fast as possible while the honeymoon lasts, and before the foals start hitting the ground, going to sales, and then running. plus, you have a 'bubble' period, between the first flush of excitement when a hyped horse retires and gets a lot of attention, and when his foals start running and (hopefully) winning....many horses see a reduction in the fee to keep interest, and compete with new retirees.
BUT they hope the babies can win, and thus bring about more hype....

fupeg was in the 60's in syndication fees, they had to get that money back ASAP in case he tanked...
smarty was in the '30s--no doubt the resistance by the owners to shuttling hurt his initial syndication.