Bar - nobody expects to make it a profitable commercial concern as an owner - they are the last of the huge amount of people making dosh from them - and I am not implying that people are 'in it for the money' in the sense that they expect to make big returns. If people want to make money from racehorses, they become bookmakers or transporters, not owners.
But, it is really silly for British trainers (which is what the topic's about) to turn their backs on far better returns for their owners by not sending the horses over to France to raid the occasional pot. A vast amount of owners see their horses run in the flesh perhaps one time out of six - this is often because they have other commitments and can't get to the tracks, they live overseas themselves (one of Sheena West's best patrons lives in the US and has never seen one of his horses run), or they're a bit ancient and the trip would exhaust them if they drove it.
The average owner does not get out every time their horse runs, that's for sure. If you can, it's because you live near enough to both trainer and course.
Once again, it is not LOGICAL to not try to get the best returns for your owners! If the owners say, oh, no, we don't want to run him in France because we can't actually see him run, then it means that they can see him run in the UK and the prize money is nothing to them. But, believe me, if the horse was syndicated and you could say to the 20-strong gang of owners that you could bring them in £30,000 a year more, that they would enjoy fantastic and free hospitality, and that you could also probably arrange a trip to a local stud for a weekend jolly - do you honestly think they'd turn that down in lieu of a coach for a wet day at Bangor? As a trainer, you should be bigging-up the fact that the extra prize monies would mean they could afford to buy another, classy horse. And, if they had a chaser, that would be a very good idea, considering the rate at which they get banged up doing their work.
It isn't just about putting money in the bank for owners - it's also being able to say that that money would buy them a good new horse, and that would, naturally, bring you more business (and income) to your yard. Of course, if you as a trainer and all your owners are so screamingly rich you don't need new horses, that's another matter. But trainers go to France to raid their jumps horses all the time, to sell to owners in the UK. Fine - why not then say they will race in France from time to time, and that means even more horses to buy?
I cannot see an ounce of logic in not running for better money. And nobody means all the time - clearly, if you want a day out in the UK, you can still have it. But the prospect of winning enough to buy you another nag should surely be enticing, and encouraged? No?
Just to batter home the point - say your owners are in the south, but the best race for their horse is at Aintree. Prize money to win is £10,000. They may fork out several hundreds of pounds to get to Liverpool, stay at the Adelphi, take taxis, etc., etc. Knock the costs off the ten grand. But - you can take the horse to Auteuil and it can win £25,000. The costs for the owners won't be any more than lugging up to the north of England and back, but you show a £15,000 profit over the UK prize money. Why on earth wouldn't you do that? That's half a bloody good chaser bought!