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50/50 with trainers

West Australian Racing
Vincent_vegaVincent_vega    560 posts
edited July 2015 West Australian Racing
Just wanted to get advice on 50/50 partnerships with trainers. As I understand, this agreement is usually the case where there is no training fees payable on an ongoing basis by the owner but 50% of the prize money goes to the trainer them self (if and when there is prize money). However, what fees are to be paid by the owner? i.e. vet fees? Who pays that? Any other fees to take note of?
PS: I understand if the horse isnt going to earn it will be moved on quick smart.
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Comments

  • primemoverprimemover    141 posts
    Yes, it is as it is.trainer trains horse with no fee's whatsoever from owner,any stakemoney earned gets split 50/50.And true why would trainer hang on to horse if it is not paying its way. But they will hang on to them if they are paid up for.Go figure!!

    RIO, thefalcon likes this post.

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  • LeglessLegless    5,108 posts
    :-? Does trainer still get 10%. If so after trainer and jockey deductions owner gets 42.5% of prizemoney?

    RIO, notapunta likes this post.

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  • DaleDale    1,346 posts
    do any tb trainers do this? i thought it was a dog thing.
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  • RIORIO    14,882 posts
    yes...several that i am aware of
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  • DamienWyerDamienWyer    7,766 posts
    That requires Trainers to be highly confidant of the stock being offered and having enough funds on hand for perhaps 18 months of virtually no income stream, or desperate enough to take a chance so they have something to show other potential clients that they actually have horses in their care.

    I understand a lot of commercial breeding operations that place fillies with Trainers would like to do business this way, as they get the filly back as a mare hopefully upgraded to become a broodmare asset.
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  • NevershowsurpriseNevershowsurprise    995 posts
    edited July 2015
    Some trainers do it. I have had 3 in work on 50/50's this year alone. It's usually for tried horses not yearlings.

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  • tomtom    76 posts
    starting to sound like the doggies thats we our stakemoney might end up
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  • notapuntanotapunta    938 posts
    We were doing a lease agreement with ours, no ongoing fees of any sort then get 1/3 of all stakes money (after jock and trainers fees)
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  • BC4EBC4E    268 posts
    That's a great deal for owners, based on when we have leased a horse it is normally 30 - 35% of wins only, - well thats what we have negotiated. So to be able to get 50% of stakemoney and no costs is outstanding.

    notapunta likes this post.

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  • SHOVHOGSHOVHOG    1,792 posts
    edited July 2015
    50/50 in a leased horse is the way forward for owners. Don't let trainers bend you over because they are good at that! A few of us had this shocking horse with no form and the trainer kept sending these e-mails saying it's improving and blah blah blah. We told him to find it a new home and the only bill we would pay him for was the cost of a bullet. Moody , wez hunter & mick Kent know horse flesh and when they know they are no good they will say take it to Queensland.

    Trainers have been ripping owners off for a long time but the wheel is turning ever so slowly.
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  • ShatterStarShatterStar    52 posts
    Leasing is the norm for longer term arrangements. It's my experience that the 50/50 deal is popular when horses are fit and racing when sent to country/ provincial type areas for a few runs / season. The right horses work well for all concerned, especially owners who have had to pay metro rates from an early stage.

    The_Bull likes this post.

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  • Vincent_vegaVincent_vega    560 posts
    sorry guys one cost that does concern me is vets bills. Im assuming this is taken up by the trainer as well?
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  • The_BullThe_Bull    918 posts
    Shatterstar is spot on. The only time anyone in their right mind would take on a 50/50 lease is if the leaser didn't have to get the horse up and going. 10-12 weeks work is not cheap..
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  • TiversTivers    7,720 posts
    And even more so - if a standard lease is 1/3, or more like 25% these days, why would anyone do 50% ?
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  • motivatedmotivated    334 posts
    Mick Price and Simon Miller are two absolute guns in assessing a horse and being upfront with the owner....
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  • WinsumlosesumWinsumlosesum    138 posts
    motivated said:

    Mick Price and Simon Miller are two absolute guns in assessing a horse and being upfront with the owner....

    Horse wins a 400 metre trail and IGA says he will be taking it to melbourne :))

    Dale, RIO, Rex likes this post.

    thefalcon dislikes this post.

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