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Originally Posted by Exceller
When I say "my horse is running tomorrow" that is correct, it is my horse even if I only own 10% or even a half-unit.. I love jealous guys like you who attack syndicate owners. If High Finance wins tomorrow every person that owns a piece has every right to say they owned a Belmont Stakes winner. Why don't you write a $20K check and see if you call yourself an owner?
Comparing gamblers partnerships to owners is also ridiculous. It sounds like you don't even put up money. Buying a piece of a horse with a good sydicate costs around 10K-70K for 10 percent which usually covers all costs until the end of the year. Even if you buy half units it costs about $5K-$35K to buy into a horse. Then you are looking at about $5K if you own just 10% of the appx $50K per year costs, unless of course there are checks. Get real.
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I understand your point of view too and don't necessarily disagree,... but to me, if YOUR name isn't on the horses's papers, then he isn't YOUR horse. I want MY name on the papers before I call him my own. JMO.
06-09-2006, 11:16 AM
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