TIME FOR CHANGE Posted January 26, 2019 Share Posted January 26, 2019 (edited) EQUINOX wins the first at Trentham and the Presenters start frothing at the mouth about it. Look at the facts PURCHASE PRICE $750,000.00 GST $112,500.00 INSURANCE 3% (TOTAL PURRCHASE PRICE) $25,875.00 GST $3881.25.00 KARAKA MILLIONS ENTRY $ 2,500.00 GST $375.00 BREAKING IN (APPROX) $ 5,000.00 GST $675.00 TRAINING COST (APPROX 3 MONTHS) $10,000.00 GST $1,150.00 FLOAT TO TRENTHAM $ 750.00 GST $ 112.50 TOTAL $794,125.00 GST $118,693.75 And you win a race at Trentham for $10,000.00 winner gets $6250.00 less Trainer, Jockey % $937.50 =$5312.50 Who is winning at this stage ? ps Training , breaking-in an estimate Edited January 26, 2019 by TIME FOR CHANGE spelling 2 1 Quote Link to comment Share on other sites More sharing options...
MaltedMilkshake Posted January 26, 2019 Share Posted January 26, 2019 He’ll win another one and then bye bye.....he could’ve been a “stallion syndicate” horse, if so there maybe be tax implications (?).... any yarners care to comment? Quote Link to comment Share on other sites More sharing options...
Guest CrossCodes Posted January 26, 2019 Share Posted January 26, 2019 You rarely see a decent Te Akau horse race much good after their 2 and 3 year old racing, they are geared up to go early with not much thought for the long range career of their expensive, sale topping purchases. Quote Link to comment Share on other sites More sharing options...
Fred Posted January 26, 2019 Share Posted January 26, 2019 Your costs are a bit light -agistment for 8 months to be added plus another insurance bill this week , trial fees & transport, attendants fees and transport, holiday surcharges .....syndicate fees ? Quote Link to comment Share on other sites More sharing options...
jess Posted January 26, 2019 Share Posted January 26, 2019 (edited) The invoices for all my horses (racing & breeding) live in a dusty old folder. And naturally some are electronic these days so no paper involved. I am nowhere near the Equinox league of course but even so - I'm too terrified to ever disturb that dusty folder and start adding up numbers .... Edited January 26, 2019 by jess correction 1 Quote Link to comment Share on other sites More sharing options...
Brown fox Posted January 26, 2019 Share Posted January 26, 2019 And thats also why we Punters never keep records Jess? 1 1 Quote Link to comment Share on other sites More sharing options...
Straightup Posted January 27, 2019 Share Posted January 27, 2019 NZ Racing has been run by uneducated managers for the industry & what it needs to succeed. NZ is great for breeding exceptional thoroughbreds but the future for racing would have to be doubtful for success. The integrity department, well there's different rules for every one. They need to practice the NZ Rules of Racing before handing out charges because they breach more rules than the participants of the industry. Sack them all & employ people that are unknown to high profile thoroughbred trainers/owners in NZ. Then the RIU can call themselves NZ RACING INTEGRITY Quote Link to comment Share on other sites More sharing options...
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