Easy to work out if you are talking about Melody Belle.
Stake Earnings plus Sale Price = $4m + $2.6m = $6.6m.
Roughly 85% is Syndicate earnings = $5.6m.
She raced 4 seasons. Cost each season at $45,000 = $180,000.
Less $58,000 purchase price.
So $5,600,000 - $180,000 - $58,000 = $5,320,000 profit.
5% = $268,300 for around $2,900 initial outlay.
Damn I should have taken that share!!!!