Will Willie Travel?

[phystech]

Originally Posted by The Bid

You can cut corners or you can do it the right way.

No offense, but I hate it when someone insinuates that if you aren't paying the same day rate they are, then someone isn't doing a good job for you and you aren't seeing any results. If you feel ok with the deal you are getting, that's great. I liked the results I got for what I spent and we didn't cut corners. I'm a big believer that just because you pay more doesn't mean you get more.

Originally Posted by The Bid

Lubrysin 300

A pint of Lubrysin is $70. 15ml per dose per day is the common dosage. 1 pint = 473 mls. 473mls divided by 15mls per day comes out to 31 doses per pint. And you are paying $300 per month? Even if you double the dose that's still only $140 per month. Or, is my math totally wrong here?

[TheSpyder]

So how can there be $3000 claimers..sounds like there's no way it makes sense or cents? This is a real learning experience and glad everyone is sharing this information...really good stuff!

Spyder

[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.

[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.

[Bigsmc]

Originally Posted by phystech

I'm a big believer that just because you pay more doesn't mean you get more.

I agree 100%.