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Originally Posted by ELA
I wouldn't even know where to start. It was and still is Steve Assmusen's barn. It's his business, his operation, his equiptment, his toothbrush that they use to apply hoof dressing -- everything is his. He got suspended. He still owns the business. He was the one who put Blasi there and gave him the "job" so to speak. Also, it's not 10% period. Ask any trainer if they are "keeping" the entire 10%. Especially in an operation this size.
So, who do you think the owners are paying their bills to? Prior to the suspension let's say the owners were paying their bills to the "Steve Assmusen Stable" or some corporate business name (I don't know because I don't have horses with him). So all of a sudden -- Scott Blasi opens up a new business and is geared up, 100% ready to hit the ground running -- payroll, workers comp insurance, liability insurance, health insurance, and the so many more things that a multi-million dollar business needs. I have paid training bills to suspended trainers. The bills are paid to the very same entity at the very same address and the very same person (stamp) endorsed the check when it was deposited.
Your example is very different.
Eric
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You are right that it's not 10%. Most trainers now charge either 12% or even 13%. The extra few percentage points are for the groom, the assistant, etc.
I agree with you that the business is Asmussen's business and they will still use all of his equipment. But as far as I know, the terms of these suspensions are that the trainer is not entitled to profit from the business during the suspension. That is the point.
By the way, since Asmussen's business is a bit of a family affair, he is obviously still in daily conatct with his family. His family is obviously in daily contact with Blasi, so I would have to imagine that at the very least, Asmussen has indirect daily contact with Blasi.