Not Cheaper Than Therapy
Apr 14 2008
Horse Cents
Chief Executive Vintners
Horses:
Most of Repole’s 150 Thoroughbreds cost less than $100,000 each.
Total cost to date: $7,000,000
Insurance: Repole pays a onetime fee to insure horses that cost more than $100,000. He owns 22 in that range.
Total cost to date: $231,000
Trainer:
Training his stable of racehorses is Repole’s biggest annual expense.
Annual total: $4,222,400
Physicals:
The per-horse checkup runs about $500 a month. Dentist visits, about three times a year, are an extra $75 a horse.
Annual total: $933,750
Farrier:
Hooves grow and need trimming about every three weeks. The price is typically $160 for each horse.
Annual total: $288,000
Races:
Stakes races cost anywhere from $500 to $5,000 to enter. It is $300 more for each set of silks worn by the jockeys.
Annual total: $23,600
Transportation:
Repole keeps his yearlings and two-year-olds in Florida and shells out $700 a head to bring them to New York
to race.
Annual total: $50,000
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