Zayat Will Be Selling

[Riot]

The plan projects four starts per horse for 80 percent of the stable's juveniles and six starts for older runners. "Purse income winnings assume 20 percent placing 1st and 30 percent placing either 2nd or 3rd, the documents stipulate. "The average purse size is assumed to be $38,500 (2010), with 3 percent annual increases thereafter. ... In addition, 2010 assumes large purse wins of $2M and 2011-2014 assumes large purse winnings of $2.5M annually."

Always good to count those Graded wins before they hatch

The Zayat Plan is a great model, though ... I just wrote myself a business plan where I invest $100,000 from my retirement fund in four runners. I assume an average expense of $100/day/horse for about $146,000 per year (I doubt any of them will colic, chip, etc). I figure two of them will win once a month for $10,000 each, so I project purse income winnings of $240,000 a year, for an easy profit of $94,000/year - meaning I break even in just 12 1/2 months. And rest is pure gravy!

I can't understand why people say the horse biz is just an "expensive hobby"?