West Point, McLaughlin split

[Linny]

WPT was always expensive (mark-ups, management fees etc) but when they stepped up and started buying 7 figure horses at the sales they knocked out all but a few "investors." The 100% or so markup was high, but could cover those that never made it to syndication when they were buying horses in the $100k range.

If you can afford to put several hundred thousand into a minor share of 1 horse, you could do far better in many other approaches to the game.

I know alot of folks dislike McPeek, but he has selected many very nice horses including Einstein and Curlin over the last few years. In retrospect, paying a 5% commission on $57k for Curlin looks like a better deal than anything WPT has had on offer.