Monday, July 20, 2009

The trainers finances lets break it down(based entirely on my best guess)

Training fees for 5 horses $ 500.00/month x 5 = $ 2,500.00
Training fees for 1/2 of 3 horses $ 250.00 x 3 = $ 750.00
TOTAL $ 3,250.00
unrecoverable expenses(estimate) MINUS $ 1,000.00

pre tax net income per month $ 2,250.00

enough to get by on but not much more than

The real gravy money comes in driving and winning

Lets assume he won every race

average winning $ 750.00 x 8 = $6,000.00 x 10% drivers fee $ 600.00
1/2 owner of 3 horses 750.00 x 3 X 5 0% = $1,125. 00


potential pretax net income per weekend $ 1,725.00
minus extra expenses $ 00.00

This does not even reflect the fact that he has lost most of his "catch" drives which means more potential money out of his pocket

He is costing himself more money than he is costing me but I am still very unhappy and I may have to consider selling my interest or buying his

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