West Point, McLaughlin split

[VOL JACK]

I dont for the life of me understand these West Point " investors", as Finley refers to them.
Alot of them are putting up major coin to purchase a piece of a horse that has been doubled in price on the buy-in. If an owner is looking to get into the game and has a 100k-200k as a budget, they could get so much more for their money on their own with a capable horseman. Whether that be thru buying at a sale or high end claims.
Granted they are responsible for 100% of the training bills but, they get the lions share of the winnings. People can say that WP has been great for the game and all that but, they arent doing clients any favors.
Hats off to Terry Finley, he is playing this great game on a very high level on someone else money and all the while getting filthy rich.

[DaTruth]

Originally Posted by VOL JACK

I dont for the life of me understand these West Point " investors", as Finley refers to them.
Alot of them are putting up major coin to purchase a piece of a horse that has been doubled in price on the buy-in. If an owner is looking to get into the game and has a 100k-200k as a budget, they could get so much more for their money on their own with a capable horseman. Whether that be thru buying at a sale or high end claims.
Granted they are responsible for 100% of the training bills but, they get the lions share of the winnings. People can say that WP has been great for the game and all that but, they arent doing clients any favors.
Hats off to Terry Finley, he is playing this great game on a very high level on someone else money and all the while getting filthy rich.

The well-heeled prospective owner only needs to get in touch with Ken McPeek. He'll find them a future HOY.

[VOL JACK]

Originally Posted by DaTruth

The well-heeled prospective owner only needs to get in touch with Ken McPeek. He'll find them a future HOY.

That option out weighs WPT 20-1 on value.
McPeek charges 5% on sale purchases..WPT charges 100%

[Linny]

WPT was always expensive (mark-ups, management fees etc) but when they stepped up and started buying 7 figure horses at the sales they knocked out all but a few "investors." The 100% or so markup was high, but could cover those that never made it to syndication when they were buying horses in the $100k range.

If you can afford to put several hundred thousand into a minor share of 1 horse, you could do far better in many other approaches to the game.

I know alot of folks dislike McPeek, but he has selected many very nice horses including Einstein and Curlin over the last few years. In retrospect, paying a 5% commission on $57k for Curlin looks like a better deal than anything WPT has had on offer.