The Michael Gill/Penn National Riders Saga

[Cannon Shell]

Originally Posted by Rudeboyelvis

Don't they run 4k open claimers for 18K at Penn Nat? Hard to believe you can't make a living even if you hit 20%...

at $50 per day and 120 horses that is over $2.1 million for those horses alone. And that is before vets, farm salaries, shipping, workmans comp, purchase prices, maintenance and other expenses at the farm, etc. An operation done semi-right of that size with a farm would cost $4-5 million. He ran 2247 horses last year so you can pretty much double all the figures since with a 120 horse operation it would mean his horses averaged close to 19 starts each. He states in the Paulick article today he had 450 horses last year at one time. The day he had 450 horses at say $50 a day it was costing him $22000 a day without the other expenses factored in. That is around 8 million in expenses without regard to one cent of purchase price.