Brodie Posted September 19, 2022 Share Posted September 19, 2022 (edited) What are the trainers charging for training nowadays? There is clearly a huge variance in training costs now and far higher than I was thinking! Stonewall Stud are doing a great job with their syndicates to get potentially new people into ownership so that it is affordable for the syndicate members! However it would seem on the face of it a great money spinner! A current advert seeking new syndicate members for an expensive yearling requires a payment of $3422 for a 1% share, $17,110 for a 5% share therefore valuing the horse at 342,200 so it has to be extremely good to win anywhere near the current value!!! PLUS the monthly payment for training is $36 for a 1% share $180 per month for the 5% share therefore the monthly income for training costs for this yearling is $3,600 or $43,200 per annum whether it is in work or in the paddock spelling! I appreciate people will say that it is giving people the chance to own a good horse but are training costs really $118 per day all inclusive bearing in mind that the horse wont be in work every day? No wonder harness can not attract owners! Edited September 19, 2022 by Brodie 1 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted September 19, 2022 Author Share Posted September 19, 2022 (edited) I notice that the mothly payments dont start until March next year. Edited September 19, 2022 by Brodie Quote Link to comment Share on other sites More sharing options...
Honestjohn Posted September 20, 2022 Share Posted September 20, 2022 On 9/19/2022 at 8:20 PM, Brodie said: What are the trainers charging for training nowadays? There is clearly a huge variance in training costs now and far higher than I was thinking! Stonewall Stud are doing a great job with their syndicates to get potentially new people into ownership so that it is affordable for the syndicate members! However it would seem on the face of it a great money spinner! A current advert seeking new syndicate members for an expensive yearling requires a payment of $3422 for a 1% share, $17,110 for a 5% share therefore valuing the horse at 342,200 so it has to be extremely good to win anywhere near the current value!!! PLUS the monthly payment for training is $36 for a 1% share $180 per month for the 5% share therefore the monthly income for training costs for this yearling is $3,600 or $43,200 per annum whether it is in work or in the paddock spelling! I appreciate people will say that it is giving people the chance to own a good horse but are training costs really $118 per day all inclusive bearing in mind that the horse wont be in work every day? No wonder harness can not attract owners! I know of one trainer who has 10% in horses for $160 a month. They are IMHO good honest trainers. I used to pay $700a month cash for whole horse years ago. About 10 years ago. Just saaaaying. 1 Quote Link to comment Share on other sites More sharing options...
Mardy Posted September 23, 2022 Share Posted September 23, 2022 I'm in a syndicate now and my payments are $12.50 per week,which works out to be $50 a month which isn't too bad.Definitely one of the cheaper harness syndicates that i've been in. 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted September 23, 2022 Author Share Posted September 23, 2022 11 hours ago, Mardy said: I'm in a syndicate now and my payments are $12.50 per week,which works out to be $50 a month which isn't too bad.Definitely one of the cheaper harness syndicates that i've been in. What is the monthly training bill Mardy going by your %? 1 Quote Link to comment Share on other sites More sharing options...
Brodie Posted September 23, 2022 Author Share Posted September 23, 2022 Seems to me that if someone that only wants 1% share in a horse then they probably wont have over a spare $3k to part with for the initial purchase. To my mind it would be better to be in a syndicate with a horse that is up and running rather than a $340k unproven yearling! Still think for many, syndicates are great for racing for affordabilty and enjoyment. Quote Link to comment Share on other sites More sharing options...
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