"Spaced" Races And "Fresh" Horses Are Killing The Sport

[Rupert Pupkin]

Originally Posted by Bold Brooklynite

Very, very naive.

All it takes is one big syndication deal ... and the trainer's share is enough to fix him up for life.

Sure it's nice to train winners of $1,000,000 and make $100,000 ... but it's a lot of hard work and you certainly can't be financially secure from it.

But get that $40,000,000 syndication deal ... and you make a few million in one swoop ... the equivalent of 25 years of toiling in the salt mines.

That's the main objective of today's trainers of G1-level horses ... win that one big one ... and start the negotiations.

What in the world are you talking about? When are there $40 million syndication deals? In the current decade(2000-2006), I think there was only one horse syndicated for more than $20 million. Smarty Jones was synidcated for something in the neighborhood of $40-50 million. I don't think there was one other horse that was even above $20 million. Even a BC Classic winner like Saint Liam only was sydicated for about $8 million. I don't think that trainers normally get more than 1-2 shares. I can check on this, but even if you are right and Dutrow got 4 shares in Saint Liam, that means the deal would have been worth around $300,000 for Dutrow. He made that in one day when the horse won the BC Classic. He would have been much better off if the horse kept running.

It's a 100,000-1 shot to get a horse that's worth $40 million. You act like it's a regular occurence. I think there's only been 1 in the last 10 years.

[dalakhani]

Originally Posted by Rupert Pupkin

What in the world are you talking about? When are there $40 million syndication deals? In the current decade(2000-2006), I think there was only one horse syndicated for more than $20 million. Smarty Jones was synidcated for something in the neighborhood of $40-50 million. I don't think there was one other horse that was even above $20 million. Even a BC Classic winner like Saint Liam only was sydicated for about $8 million. I don't think that trainers normally get more than 1-2 shares. I can check on this, but even if you are right and Dutrow got 4 shares in Saint Liam, that means the deal would have been worth around $300,000 for Dutrow. He made that in one day when the horse won the BC Classic. He would have been much better off if the horse kept running.

It's a 100,000-1 shot to get a horse that's worth $40 million. You act like it's a regular occurence. I think there's only been 1 in the last 10 years.

They syndicated Fusaichi Pegasus for over 60 million in 2000

[Rupert Pupkin]

Originally Posted by dalakhani

They syndicated Fusaichi Pegasus for over 60 million in 2000

Yes, you are right. I was thinking that was back in the 1990s. It was in fact in 2000. Alright so there have been two horses then, not one.

[dalakhani]

Originally Posted by Rupert Pupkin

Yes, you are right. I was thinking that was back in the 1990s. It was in fact in 2000. Alright so there have been two horses then, not one.

Yeah, but...

That is kind of deceiving dont you think? If Empire Makerr would have been syndicated, how much would his deal have been? How about Minehsaft? How about Giants Causeway? How about Ghostzapper?

The reason there arent more mega-syndication deals is because it is a rarity to see a little guy own a blue blooded champion.

[Rupert Pupkin]

Originally Posted by dalakhani

Yeah, but...

That is kind of deceiving dont you think? If Empire Makerr would have been syndicated, how much would his deal have been? How about Minehsaft? How about Giants Causeway? How about Ghostzapper?

The reason there arent more mega-syndication deals is because it is a rarity to see a little guy own a blue blooded champion.

Yes, I guess that's true. I forgot about some of those horses. But still, there aren't many horses that are worth $30 or $40 million for breeding when they retire. I was thinking we get 1 every 10 years. Maybe we get 4-5 every 10 years. The point is there aren't a lot of them. BB was acting like there are plenty of horses that are worth $40 million when they retire. In reality, there are very few. Even a great horse like Saint Liam who won the BC classic was only worth about $8 million. Pleasantly Perfect won the Dubai World Cup and the BC Classic. I think his deal was only worth about $10 million. A trainer is only going to make about $100,000-$300,000 on a deal like that. The trainer would make much more if the horse kept running. The trainers aren't anxious to retire the horses.