Tanlic
Senior Jockey
Tripe Clive........how many owners make a profit out of racing?Be lucky if it's 10%. The first thing you are told by any trainer only put into the game what you are willing to lose. because the chances of making money are remote.That's economically illiterate. It's like saying that a business only exists because of shareholders and customers and staff are irrelevant. Absolute rubbish
Would the owners be in the game without the prize money, attention, crowds, atmosphere ,tv coverage and glory if none of these aspects existed? And where do these originate from?
It's rather like setting up a business with a product that no one wants and no knows exists. Who would buy into that in their right mind?
Of course there's money without owners. Wtf is the levy then? What are admission charges?
To give ne micro example, if owners lose lots of money overpaying for dud horses that because the competition between owners has determined that price not hat they are being philanthropic or charitable
My bet is that most owners lose most at the point of purchase and frankly that's down to their own market and little else. Top class horses would still be bred if the market collapsed (although obviously there is a level ). And it would take some collapse to justify turning gallieo into a tesco burger
Go find out how many races are run in a season and how many horses are in training........look at any trainers statistics and see how many horses they have that haven't won a race.
Example: up and coming trainer Brian Elison had over 100 horses in training last season NH and Flat more than half never won a race and only one owner may have made a very small profit everyone else lost money and that is not taking into consideration what he spent buying the horse. Some are lucky and sell for a big profit but not many.
And mate there's no way people will pay to watch horses racing if there are no horses.....no owners no horses no racing simple as