A Co-worker insists that horse racing is very expensive and the owners are probably bankrupt now.
2007-01-29 07:35:01 · 12 answers · asked by Jenny W 1 in Sports ➔ Horse Racing
While the owners have insurance on the horse itself, the financial loss could be devastating because the insurance is a 1-time deal ($25-30M) doesn't cover the losses associated with any potential future purses the horse could have won and likely only skims the surface of the multi-millions generated from stud fees and foals that the owners would be able to race.
And while extracting semen for future insemination seems like a good idea, it won't work. The only way a horse is allowed to race in any sort of sanctioned event is if they are conceived naturally. And it has to be straight through the bloodline, in other words, you couldn't take the semen and artificially impregnate another horse and then use that offspring horse to procreate naturally.
2007-01-29 08:57:15 · answer #1 · answered by Josh 3 · 1⤊ 0⤋
I doubt it. They have lots of other race horses, and probably had their own money anyway. And Barbaro was heavily insured (the more a horse wins, the more you need to insure it and he was undefeated), and I'm assuming they could still collect since he died as a result of a racing injury.
2007-01-29 16:02:57 · answer #2 · answered by sandand_surf 6 · 1⤊ 0⤋
Most race horse owners have money to begin with. They probably own other race horses and investments as well. They will, however, lose considerable money without the stud fees. As for being broke, not likely.
2007-01-29 16:01:55 · answer #3 · answered by ThePerfectStranger 6 · 1⤊ 0⤋
No Way......I believe they will collect somewhere in the neighborhood of $30 million dollars in insurance money.
2007-01-29 17:46:07 · answer #4 · answered by Roberto Sanchenz 2 · 1⤊ 0⤋
No, the Jackson's have plenty of money. Don't worry about them...but I'll tell them you are concerned the next time I see them at the track.
2007-01-29 15:47:38 · answer #5 · answered by Munya Says: DUH! 7 · 1⤊ 0⤋
Not bankrupt, but yes it is crazy expensive.
2007-01-29 15:41:30 · answer #6 · answered by gg 4 · 0⤊ 0⤋
Hahaha, you think you are hilarious, George Washington, does that sound familiar to you? How about Showing Up?
2007-01-29 15:51:43 · answer #7 · answered by At Last WC2010 6 · 1⤊ 1⤋
i'd be willing to bet that they extracted about a gallon of semen from him and they will be selling it and using it artificially inseminating phillies around the world, for a very hefty price
2007-01-29 15:40:36 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Sure they have other horses
2007-01-29 15:38:41 · answer #9 · answered by lucyp1958 2 · 0⤊ 0⤋
So .....the sad thing is a poor innocent horse is dead
2007-01-29 15:54:10 · answer #10 · answered by Buda B 3 · 0⤊ 1⤋