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Originally Posted by Bold Brooklynite
Very, very naive.
All it takes is one big syndication deal ... and the trainer's share is enough to fix him up for life.
Sure it's nice to train winners of $1,000,000 and make $100,000 ... but it's a lot of hard work and you certainly can't be financially secure from it.
But get that $40,000,000 syndication deal ... and you make a few million in one swoop ... the equivalent of 25 years of toiling in the salt mines.
That's the main objective of today's trainers of G1-level horses ... win that one big one ... and start the negotiations.
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You obviously did not read my post. I was not talking about horses that are worth tens of millions. I was talking about the other 99.9% of horses out there. By the way, even with the huge deals the trainers usually don't make big money unless the owners are very generous. The trainer will usually just get 1 share in the horse. With a really good horse like Saint Liam, Dutrow would make much more money if the horse kept on running. He's not going to make much from having 1 share in the horse. How much is 1 share worth in Saint Liam worth? Maybe $100,000. When the horse won the BC Classic, Dutrow made $300,000 in one day.