Will Willie Travel?

[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

[The Bid]

I didnt mean to come off nasty. As an outsider looking in on this situation I realize how lucky you all are. Not only lucky to have a filly of this magnitude, but lucky to have good people coaching you along. So many WOULDBE good owners get burned the first time they step in to this game that they never try again. Youve all had a great first experience, exceptional. Your filly is nice, the people involved seem to be nice, and unless people start to make suggestions and get difficult it will be impossible to lose money. There aernt many situations I can think of where its impossible to lose money in this game, you guys are in one

[jman5581]

Originally Posted by The Bid

Your filly is nice, the people involved seem to be nice, and unless people start to make suggestions and get difficult it will be impossible to lose money. There aernt many situations I can think of where its impossible to lose money in this game, you guys are in one

I don't follow...

[southerndutch]

DeeTee partnership-$500;RT air-NY to Lex-$199;being in the paddock and saddling enclosure at Kee;watching SWLY race with a great group of fun people; going back to her barn after the race;Steve and Chuck going out of their way to accomodate you; visiting SWLY at her stall in CD-PRICELESS! Thanks again Chuck and Steve, where you lead I will follow.

[ShadowRoll]

Originally Posted by Sightseek

Which is why I hope that someone who is in the position to buy their own horses sees what good Chuck can do and hopefully places their horses with him too.

Amen to that. Even if Chuck only breaks even, this undertaking should generate some good PR for him. He's got a barnful of Dee Tee owners who should be amazed at what's happened. Chuck's done a phenomenal job right from the get go, in my opinion. First, in recognizing Sumwon's potential, then in gutsing it out when she went a little higher at auction than he hoped, then in the tremendous training regimen which has produced remarkable results. And, last but not least, in dealing so gracefully with such a disparate group of people.

Hey, Chuck, can I have a job as your front man?

And, of course, don't mean to slight Steve -- Dee Tee Stables has burst forth from his ingenuity like Athena from the mind of Zeus.

[Sightseek]

Originally Posted by The Bid

I didnt mean to come off nasty. As an outsider looking in on this situation I realize how lucky you all are. Not only lucky to have a filly of this magnitude, but lucky to have good people coaching you along. So many WOULDBE good owners get burned the first time they step in to this game that they never try again. Youve all had a great first experience, exceptional. Your filly is nice, the people involved seem to be nice, and unless people start to make suggestions and get difficult it will be impossible to lose money. There aernt many situations I can think of where its impossible to lose money in this game, you guys are in one

Which is why I hope that someone who is in the position to buy their own horses sees what good Chuck can do and hopefully places their horses with him too.

Does each track, say Magna, Churchill and NYRA, all have their own fees for trainers to have stalls?

[Riot]

[quote=Sightseek]Which is why I hope that someone who is in the position to buy their own horses sees what good Chuck can do and hopefully places their horses with him too. QUOTE]

Amen to that. We may be there in a few years, and I would (hopefully will!) trust him with my stock unquestioned.

Walk into any horse barn, especially when it's a "surprise visit", and see what you get: I wanna see stalls clean & well-bedded, water fresh and ample, hay and feed good-quality, equipment ordered and clean, the tone of the barn (and help) confident, in control and organized, and most importantly the horses need to be relaxed and mentally happy - it all starts from there.

You can't take broken down horses and make winners out of them, but just having good stock doesn't get you there, either. You have to know what to do with it, and attention to detail matters.

[Unstable]

Originally Posted by The Bid

I didnt mean to come off nasty.

I know that. I just had the feeling that you were a little exasperated with some of our foolish questions and unrealistic suppositions. You sound like you have more experience with horse ownership than most of the partners. We're getting that experience. Right now, thanks to Chuck and Steve, it's been a great experience. Hopefully, it stays that way.

Originally Posted by The Bid

As an outsider looking in on this situation I realize how lucky you all are. Not only lucky to have a filly of this magnitude, but lucky to have good people coaching you along. So many WOULDBE good owners get burned the first time they step in to this game that they never try again. Youve all had a great first experience, exceptional. Your filly is nice, the people involved seem to be nice, and unless people start to make suggestions and get difficult it will be impossible to lose money. There aernt many situations I can think of where its impossible to lose money in this game, you guys are in one

After our initial financial outlay, there is no possibility of a further loss. That's why most of us jumped in. I personally think that I have got an incredible return on my investment already, again thanks to Chuck and Steve.

Hey, if the 2nd partnership involving a NY-bred gets put together, why don't you join in? You could help keep us in line, and have a great time along the way.

[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.