Foxbridge Plate and it still doesn't pay...

[stodge 1,938]

11 hours ago, tasman man 11 said:

NZ owners are very resilient , small returns don't appear to phase us.

Currently there are still plenty of horses being nominated to race on mainly wet tracks so who knows...this could continue into the spring and summer.

There hasn't really been a big drop off in owners...even with the uncertainty of racing in these troubled times syndicates appear to be being sold.

With no travel , concerts etc maybe this an influence currently.

Plus the carrot of getting good money for a horse with real ability should you snare one.

There's the thing - in the UK we have races for less than £3k currently so that's less than NZ$6k at current rates and some on here complain at prize money of 10-15 k.

You'd better believe it costs to keep a horse in training here as well so, as others have said, you don't go into racehorse ownership to make money. 

Indeed, if you want to make a small fortune, start with a large fortune and buy a few racehorses.

Tomorrow (UK), the Class 6 handicap at Newcastle goes for £2,782 to the winner and the Class 5 novice for £3,429. The Class 2 Nursery is going for £8,715 and that's a race that was worth £20k a few years back.

Compare and contrast with France where the lowest race goes for 7,000 euro.

UK prize money is awful because of the operating model.

[Aaron Bidlake 760]

11 hours ago, tasman man 11 said:

 

Did you advertise ?....or just word of mouth and personal approach ?

No advertising, not a licenced syndicator so can't do that. Just word of mouth and friends of friends. 

[shaneMcAlister 1,425]

1 hour ago, Aaron Bidlake said:

No advertising, not a licenced syndicator so can't do that. Just word of mouth and friends of friends. 

Correct answer   I don't think you can even advertise informally on this site.  I presume that the registered syndicators get hit with a few bad debts too.