Silver Charm Wrote:
-------------------------------------------------------
> The real measure of success would be @sum(Total
> Purses won + Total stud fees earned + (Total Value
> of offspring - stud fee)) - (Total dollars spent
> at Sales + Total Value of home-breds raised
> (regardless if they race))= (Net Loss) or Profit
> on Racing Investment
>
> Give me that one and you have a valuation that is
> rellevant.


Total Value of Offspring - Stud Fee?

Thats not a equation that is relevant unless you're trying to calculate an estate and even then the Stallion owner would have to own the offspring. All that matters is money spent and money returned. Its like a day at the pari mutual windows. If an owner gets 50 million in syndication, yeah you count that. Even adding in the rare syndication windfalls Lukas is certainly a mega loser. The losiest. Do you think he'd invest his own money in the horses he recommends?

Baffert is a loser too, but not nearly as big a loser as Lukas and Coolmore. The key for them is they are losing the money of the wealthy and they stay in business latching onto a viable horse now and then. Its a "look at my one success" kind of thing. They are parasites.




Edited 1 time(s). Last edit at 04/10/2006 11:21AM by Chuckles_the_Clown2.