How much does it cost to own a racehorse?
First the price of the horse is about the same as a small car, $50,000.
It is the cost of maintaining the animal that can drain the bank account.
A stable need to be engaged to house, feed, train and groom the horse to racing fitness. And there are hidden cost like race fees, insurance, dentists and vets. Expect a monthly bill of $2,500.00
To race in K.L. add the transport fee of $7000 to be shared by 6 horses.
There are several ways to own a racing bred.
Sole owner: All the glory, but all the cost too.
Partnership with friends. Or join a syndicate.
It is adrenalin pumping excitment when your own horse is in a race.
But be warned: One third of race horses bred for racing never start.
More than half of those that do make it to the track, never win a single race.
Tuesday, July 14, 2009
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