18th July 2013, 01:27 AM
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Member
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Join Date: Jan 1970
Posts: 4,367
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Speedy,
You're right on the money!
A lot of trainers and big investors have gone broke or nearly given the game away due to hyped purchases.
I remember old Bart made some bad decisions, and at one point Gai.
Mike Willesee also nearly went belly up.
(matters of public record).
Generally the owner breeders are the one's that have propped up the industry.
And sadly these days that is really the only way not to end up with empty pockets.
Gerry Harvey, Inghams, Singo, Darley, Coolmore, Arrowfield, etc etc.
If the horse performs, they get the prizemoney and the ongoing stud fees, plus their own progeny.
If the horse doesn't, it's usually very well bred, and they can still recoup losses over time at stud. At some time, they'll throw a good enough one.
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