Will Willie Travel?

[The Bid]

Your math isnt wrong, you are. The big jug of Lubrysin is over 300.
3k claimers run at Thistledown where the day rate is 30 bucks a day, thats how you can make it work.

You must have misunderstood me, Im not knocking how anyone does it. Im not saying because X trainers rate is 3k a month, and Y trainers is 2k, x is better. What Im saying is to do right by the horse there is an inherent expense

[phystech]

Originally Posted by The Bid

Your math isnt wrong, you are. The big jug of Lubrysin is over 300.

But you don't use a big jug every month per horse, do you?. The numbers you showed us are based on monthly expenses for one horse, or at least that's how you portrayed it.

My vet bill numbers were higher in the months I had to buy Cosequin or a bottle of Clenbuterol, or for a bottle of bute. But I never bought one of each every month. And, actually, I never bought my Cosequin through my vet - I used to buy it off of Ebay and save $100.....

Do you have all of your monthly bills mailed directly to you or do you have them sent to the trainer and then you reimburse him/her?

[paisjpq]

Originally Posted by phystech

But you don't use a big jug every month per horse, do you?. The numbers you showed us are based on monthly expenses for one horse, or at least that's how you portrayed it.

My vet bill numbers were higher in the months I had to buy Cosequin or a bottle of Clenbuterol, or for a bottle of bute. But I never bought one of each every month. And, actually, I never bought my Cosequin through my vet - I used to buy it off of Ebay and save $100.....

Do you have all of your monthly bills mailed directly to you or do you have them sent to the trainer and then you reimburse him/her?

if you buy the gallon jug of lubrisyn it is obviously the most economical....and I believe when I did the math for my own horses it came out to about $1.50 per day per horse...if that helps.

[The Bid]

Im just trying to put into perspective what it usually costs if you arent part of a group like this. To be honest Ive been shocked by some of the messages Ive seen here, even more shocking to me is how gracious Chuck has been. If I were footing the bill monthly and someone said...hey lets fly in Willie Martinez, I would tell them to go eat a shoe. If you fly a guy in its a Gomez, or Prado, someone like that. Only Buff Bradley flys Martinez around the world and I bet on more than one occasion he wishes the plane would have gotten stuck somewhere. Im not saying the guy is horrible, Im just saying if you are going to roll out 2k to fly in a jockey its not Chilly Willie Martinez

The other thing Im saying is hypothetically you Fly Willie in, thats an expense, whos going to foot the expense? You van Sumone up, which is 2k, whos going to foot the expense, you take a team up there with sumone, whos going to foot the expense. You dont just show up through a telewarp, there is real money involved when you send a horse 12 hrs from home

I wish you guys the best with the filly, Im glad everyone is having a goodtime and enjoying ownership. Im just surprised by some of the questions, and assumptions Ive seen. I have no interest in the filly, but the question about a billing statement, or earnings statement lead me to believe someone may be in the dark about how much it really costs to have a racehorse

One last thing, when you buy a horse at the price this filly was purchased 999 times out of 1000 you dont end up with a horse of this quality. A lot of guys spend 30 times what you spent and dont even get a race out of their horse, needless to say they have no residual either. The managment has put you in a spot with this horse where its nearly impossible to lose money unless you start flying jockeys around, and finding spots 12hrs from home.

[Unstable]

Originally Posted by The Bid

Im just trying to put into perspective what it usually costs if you arent part of a group like this. To be honest Ive been shocked by some of the messages Ive seen here, even more shocking to me is how gracious Chuck has been. If I were footing the bill monthly and someone said...hey lets fly in Willie Martinez, I would tell them to go eat a shoe. If you fly a guy in its a Gomez, or Prado, someone like that. Only Buff Bradley flys Martinez around the world and I bet on more than one occasion he wishes the plane would have gotten stuck somewhere. Im not saying the guy is horrible, Im just saying if you are going to roll out 2k to fly in a jockey its not Chilly Willie Martinez

The other thing Im saying is hypothetically you Fly Willie in, thats an expense, whos going to foot the expense? You van Sumone up, which is 2k, whos going to foot the expense, you take a team up there with sumone, whos going to foot the expense. You dont just show up through a telewarp, there is real money involved when you send a horse 12 hrs from home

I wish you guys the best with the filly, Im glad everyone is having a goodtime and enjoying ownership. Im just surprised by some of the questions, and assumptions Ive seen. I have no interest in the filly, but the question about a billing statement, or earnings statement lead me to believe someone may be in the dark about how much it really costs to have a racehorse

One last thing, when you buy a horse at the price this filly was purchased at 999 times out of 1000 you dont end up with a horse of this quality. A lot of guys spend 30 times what you spent and dont even get a race out of their horse, needless to say they have no residual either. The managment has put you in a spot with this horse where its nearly impossible to lose money unless you start flying jockeys around, and finding spots 12hrs from home.

The only reason we're talking about shipping to Monmouth is because Steve and Chuck mentioned that as a possibility.

Chuck seems to have been happy with the way Willie Martinez is riding Sumwon. So, of course, we are going to ask if he will be riding her if she does ship out of town.

Most of us in the partnership had no idea about the harsh realities of ownership. We're getting educated. Chuck and Steve have been gracious. For that, we are thankful.

There is no book on horse ownership etiquette (that I know of). If one of the partners is getting out of line, we have some people with more experience who can clue us in. For that, we are also thankful.

I know it would be easier for Chuck and Steve if we would all just "shut up and sit down." But that is not the nature of this partnership (thankful for that too). If we are truly annoying Chuck and Steve, they'll either let us know, or make changes in any future partnership agreement when this one dissolves at the end of the year.

So far, it's been a wonderful ride.

[Unstable]

BTW, thanks for all the info you have provided, Bid. It is appreciated.

[pmacdaddy]

Chuck and Steve are certainly the ones calling all the shots. So any comments we make are really just points for discussion.

Think a big part of what's going on is some education for many folks that have not been involved in ownership before. Been a great experience thus far and hope to lean more as we progress.

As long as stupid questions don't bother the bosses, don't see how discussing them can be a bad thing.

[Danzig]

i know that we all realize it costs a lot, or else most of us would be doing this on our own.
steve also knows that most of us are rank novices when it comes to this, and set this up so that many of us who may never get the opportunity to get further into ownership can have a small piece of a small pie.

as for the questions, comments, etc, what else would you expect from people who don't know? that's how we find out...it's also why it was set up from the get go with steve and chuck calling the shots, since they do know.
otherwise, we wouldn't have run in the first race yet, as we'd all still be arguing over silks patterns!

besides, like my dad says, stupid questions are the easiest to answer.

[jman5581]

Originally Posted by The Bid

Im just surprised by some of the questions, and assumptions Ive seen. I have no interest in the filly, but the question about a billing statement, or earnings statement lead me to believe someone may be in the dark about how much it really costs to have a racehorse

Hey, I've got an idea about how much it costs. Chuck told me it takes about $3k/month per horse, on average, once you account for everything. I have no reason to believe he was overstating that figure. I have spoken with other owners and I know it can be done cheaper at other tracks, but for what Chuck's rate is and at Churchill, $3k/month seems square.

I asked that question on the Dee Tee blog. I just wanted to see an income statement for the partnership i.e. what the in's and out's for the "partnership" account look like. I realize we don't pay for the bills. However, that doesn't mean we can't have an income statement for the partnership. There are various sundry things that the partnership pays out, that would show up on such a statement. It was more of a request for transparency in the partnership account so that everyone doesn't have a different idea of how much $$$ is in the account at any one point in time.

Just for clarification, I don't expect to see every dime Chuck pays out of pocket. He's incentivized under the partnership arrangment to spend as little as he can and still get a horse that can win into the race. And if he can do this, and if Sumwon can get checks, it might end up being a fairly profitable arrangement for him over the long run.

[AeWingnut]

Originally Posted by jman5581

Hey, I've got an idea about how much it costs. Chuck told me it takes about $3k/month per horse, on average, once you account for everything. I have no reason to believe he was overstating that figure. I have spoken with other owners and I know it can be done cheaper at other tracks, but for what Chuck's rate is and at Churchill, $3k/month seems square.

I asked that question on the Dee Tee blog. I just wanted to see an income statement for the partnership i.e. what the in's and out's for the "partnership" account look like. I realize we don't pay for the bills. However, that doesn't mean we can't have an income statement for the partnership. There are various sundry things that the partnership pays out, that would show up on such a statement. It was more of a request for transparency in the partnership account so that everyone doesn't have a different idea of how much $$$ is in the account at any one point in time.

Just for clarification, I don't expect to see every dime Chuck pays out of pocket. He's incentivized under the partnership arrangment to spend as little as he can and still get a horse that can win into the race. And if he can do this, and if Sumwon can get checks, it might end up being a fairly profitable arrangement for him over the long run.

I believe she is well into the red. How long do you think horses can keep their form and continue to get checks? I think it was Charlie Whittingham that said, "Horses are like strawberries, they can go bad overnight."

As for the transparency stuff. The partnership clearly states that we are not in this to make money. Do you just want to see what a bill looks like?

We are fortunate to have it turn out so well even if we haven't got our win photo(s)

[Danzig]

anyone who got in the stable for money is in the wrong place. i'd like to see chuck make his money back for his daily expenses...other than that--when's the next purchase?? i'm in (as long as tony gets back to work soon!).

[3kings]

Wingnut,
I can't speak for Jman but I believe he just wants to know where we stand. How many people are involved, what was the total money invested, is there enough to do what is best for the horse, should we try to get a few extra dollars together to maximize Sumwons ability to run in the best spot for her. Certainly everyone appreciates what Chuck and Steve have done for the group, people just want to help. Its not about making money it is about enjoying the ride as much as possibe. I have already received enough enjoyment out of the last six months to feel my investment(amusement dollar) is more than worth while, and I believe this is the prevailing feeling. Many people don't completely understand the day to day expeditures, cost of shipping, jockey costs, entry and nomination fees etc... We are here to learn and enjoy the great sport at an entry level.

Tom

[jman5581]

Originally Posted by AeWingnut

As for the transparency stuff. The partnership clearly states that we are not in this to make money. Do you just want to see what a bill looks like?

You're clearly misconstruing what I've said. I never said I was in it to make money. It's really just what 3kings has said. Nothing more, nothing less.