Re: Another View of Modern Racing From Bobby Trussell (460 Views)
Posted by:
Street Sense (IP Logged)
Date: October 05, 2007 08:35AM
sighthound Wrote:
-------------------------------------------------------
> > The economics of this sport never cease to
> amaze
> > me. I'm not an expert on horse values, but it
> > seems to me the income streams don't even come
> > close to justifying the prices paid for horses.
>
> Opening up this week's Blood-Horse to the article
> crunching the final numbers for the Keeneland
> sale, the large excerpt in the middle of the page
> reads,
>
> "Lurking under the lofty numbers posted by the
> Keeneland September sale is the fact that only 25%
> made a profit for their breeders".
That 25% figure isn't correct. They'd need to count live money RNAs and sales negotiated after the horse goes through the ring for an accurate figure.