Whether this is a rumour or not I am surprised it has been so long coming.
A simple thumb suck will suggest that the last few years ( whether they were particularly successful or not ) must have resulted in nett outflows akin to the GDP of a small African state for Mr Jooste. Forget about his training bills - the setup costs of his breeding establishment must have been staggering.
Wealthy people do not get wealthy by sitting on their hands and watching negative cash flows for very long. Nor do they tolerate platitudes from their accountants citing 'it's deductible'. They like to see income outstripping outflows - preferably by an obscene margin. It's called PROFIT - a word I can confidently speculate appears nowhere in the lexicon of most long time or big time owner/breeders.
Throw in the credit crunch and recession, season with the 'game playing' that masquerades as the National Yearling Sale and bigger players will quickly jab the 'Cull' button.
It's a game that tames tigers. And until we all accept that success in racing is almost always a by product of luck rather than science optimistic players will continue to commit large sums to the wrong animals at the wrong times.
Please Log in or Create an account to join the conversation.
Topic Author
