AM I MISSING SOMETHING

[TIME FOR CHANGE]

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

[MaltedMilkshake]

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? 

[Guest CrossCodes]

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.

[Fred]

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 ?

[jess]

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

[Brown fox]

And thats also why we Punters never keep records Jess?

[Straightup]

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