Carbon Blue looks outstanding! He has been at Cal-Cam 33 days and has developed well beyond our expectations! He should move to the track in the next 30 Days.
Subscribe to:
Post Comments (Atom)
SUGAR CANE STABLES
Our Plan:
Provide a strategic, unique, long-term approach to Horse Racing Ownership. Unlike syndicates that involve the purchase of racing stock, markups, management fees, or pre-racing development costs. Investors will only be responsible for expenses associated with the actual track training of Sugar Cane Stables. Racing stock will be leased to Sugar Cane Stables for $1.00 all leases are for 90 days and must be renewed quarterly at the quarterly shareholder meetings. By not buying the racing prospect the overall risk is greatly diminished to our investors. Our commitment to investors is simply provide racing prospects without the upfront cost of horse ownership.
Potential Estimated Monthly Maintenance and Training Costs
Potential Estimated Monthly Maintenance and Training Costs:
The approximate monthly costs for a 2-3 year-old horse in training break down as follows:
- Trainer – $50 a day (called the “day rate”), approximately $1500 a month. This covers salaries for stable employees, worker’s comp, the trainer’s fee, and other professional costs. Trainers’ day rates vary.
- Vet – $300 a month
- Blacksmith – $200 a month
- Stable Supplies – $100 a month
- Vanning – $200 a month
- Medication – $400 a month
- Schooling, stable bonuses, and other miscellaneous costs – $80 a month
Additional Thoroughbred Expenses:
If the horse wins a purse in a race, the owner generally pays additional expenses out of those purse earnings. These expenses include:
- Jockey Fees – these fees range according to the finish and usually are 10% of the purse for first; 5% of the purse for second and third; $90 for an unplaced mount.
- Trainer’s Commission – 10% of all money earned by the horse (in addition to the daily rate).
- Backstretch Pension –1% of the purse earned
- Jockey Injury Fund –.7% of the purse earned
- Backstretch Insurance and Jockey Club fee -- $15 per race
- Barn Commission – a gratuity to the help at the barn, usually 2% of the purse.
- Additional Fees – such as nomination expenses and entry fees.
No comments:
Post a Comment