The past few years have been tough for racehorse owners. In May this year UK Racehorse Owners Association chief executive Richard Wayman told industry bible the Racing Post that a 2010 survey into the average cost of owning and running a horse made "depressing reading".
The survey revealed that the average cost per race had risen to more than £3,000, with the prize money for winning a race netting a return on those costs of around 21 percent - the...
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