West Point, McLaughlin split

[Scav]

Originally Posted by gales0678

my opinion on this is that the west point horses are put in positions that the trainers do not want to run in (they are aggressivly placed). trainers work for the owners , the owners of west point though many do not have a vote on where the horses are run , that decision is left to the general partner Mr Finley and maybe some close advisors. while terry has been good in bringing new people to the game some of the placement of his horses can be questioned ....some of these horses are placed in on big days when the big crowds will be at the track and the marketing machine can be out in full force to recurit new owners who may be at the track that day , what other marketing tool is as great as having a live horse on a big stakes day to show to poetential clients ....i can't think of any

a key west point employee has left and gone to another stable as well in the last few months (soverign stable)

i'm sure steve could get terry on the show to answer any questions everythng else is pure speculation

And I am sure if that ever happened we would hear the god for honest truth

[gales0678]

Originally Posted by Scav

And I am sure if that ever happened we would hear the god for honest truth

steve can ask the tough questions, the listeners can determine if Terry is just blowing smoke or answering them with some sense of the truth

doubt it happens though and not from any lack of effort on steve's part

[Bigsmc]

Originally Posted by Scav

And I am sure if that ever happened we would hear the god for honest truth

Beat me to it.

I'm sure there is more to the story than KMc wanting to downsize, but you're not going to get the rest of the story from either side.

[-BT-]

Originally Posted by Bigsmc

Beat me to it.

I'm sure there is more to the story than KMc wanting to downsize, but you're not going to get the rest of the story from either side.

tricky, b/c were'nt the sheiks the majority buyers at this years sales, i assume they're gonna ship a lot more business his way?

D. Wayne Lukas could use some stock

-bt-

[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.