Do horses often return their purchase price?
We often advise prospective Members not to become involved in Syndication or horse ownership if they expect to make a profit. Many horses fail to win a race and some even fail to make it to the races. On the other hand, in our experience it has not been necessary to outlay a large sum of money to race a successful racehorse. Horses that have been purchased for relatively small sums have won prize money that far exceeds their purchase price. For example, Close Encounter, a horse Syndicated for $15,000 (purchased for only $6K) amassed over $145K in his career, was a Group winner and placed fourth in the 2004 SAJC Derby (racing with a fractured leg!); Emission, a horse purchased for $22,000, amassed over half a million dollars in winnings throughout his career and Ask the Music, a Leased Horse, accrued almost $50K prizemoney in her first two preparations.
