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Ascot Preview, 14th Mar

West Australian Racing

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  • paraleticparaletic    3,750 posts
    edited March 2015
    Well that's a good point. But at least us battlers may be able to score a listed race ;) I think it says more about what the rest of us are breeding and buying. Our mares may not be good enough

    RIO, DamienWyer, thefalcon likes this post.

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  • PunterPetePunterPete    196 posts
    Bob Peters makes NO profits from racing surely its a hobby for him a bloody expensive one stake moneys won would not cover his operation on a yearly basis

    Without him more battlers would be winning races with inferior stock is all

    He loves the trophies an lime light but no way he has made any money from racing over the duration on the scale he operates
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  • paraleticparaletic    3,750 posts
    edited March 2015
    I didn't mean on the duration, I meant this year.
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  • darkshinesdarkshines    2,837 posts
    How do you know? Would own the properties, probably a shareholder in many top stallions (so pays nothing for serves), and dictates rates for contractors (trainers). If anyone is gonna go close to profiting ...

    RIO, thefalcon likes this post.

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  • JayJayJayJay    8,624 posts
    edited March 2015
    Gotta love the sweeping assertions PP - only one person would have a clue whether he makes or loses money - and that's Bob and that's his business and he ain't about to publish his profit/loss statements on here. Without knowing the exact details of his operation, you are just flying kites.

    nosoup4u, thefalcon likes this post.

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  • PunterPetePunterPete    196 posts
    edited March 2015
    I know how much it costs to race horses an he has how many that pay thete way out of how many add training costs transport etc etc on his scale as a one out owner over the duration I doubt he's in front it's opinion not fact

    He's had a massive year no doubt but yes had quite a few lean ones to over the years by his own admission he said so at breakfast with the stars

    Any of us who have ever received any type of bill associated with hay burners know it's one hell of an expensive hobby

    Without him racing would be more boring than if it is in WA he could just send all his good ones east no greater supporter than Bob hats of to him he's an icon of the sport here no question

    paraletic, thefalcon likes this post.

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  • nosoup4unosoup4u    441 posts
    I'm sure he's doing quite fine...

    grandstandjockeys likes this post.

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  • JayJayJayJay    8,624 posts
    My hats of to Bon , thete horses had a maddive year bug.

    thefalcon likes this post.

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  • paraleticparaletic    3,750 posts
    I can't wait to see what's in store when the all too hard and animal kingdom stock start for him
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  • LeglessLegless    5,108 posts
    He also has a lazy 9 or 10 serves to Pierro I think @-)

    RIO, paraletic, thefalcon, Coldy likes this post.

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  • LeglessLegless    5,108 posts
    PunterPete said:

    Bob Peters makes NO profits from racing

    How do you know that?

    Do you know what he pays GW? Maybe he pays him nothing and splits prize money 65/35 or similar
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  • therealkramertherealkramer    8,008 posts
    Moreira will bring up the tonne and finish the race to 100 before Pike's suspension is up :!!
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  • thefalconthefalcon    20,495 posts
    Bobs business is Bob's business...end of story.
    without him Perth racing would be knackered...I, and many, do not begrudge him his success.
    the yearling sales were a fizzer..how many of Bob's horses are home bred..almost none. he knows our stallions would be bloody hopeless to his harem of well bred mares. would finish up with a stable of mongrals.
    I tips me lid to you, Bob.
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  • ICEICE    683 posts
    therealkramer said:

    Moreira will bring up the tonne and finish the race to 100 before Pike's suspension is up :!!

    Yep tax write off
    B-)
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  • ICEICE    683 posts
    squid69 said:

    Bobby Davis said:

    Looks like Pike might be off to the sin bin after military reign. Seemed to have caused Ryan Hill to soil his dacks half way down the straight.
    Let's see if diplomatic immunity kicks in around the same time as the big races again.

    He got time Bobby

    General: Jockey W. Pike (MILITARY REIGN) pleaded guilty to a charge of careless riding under ARR.137(a) for allowing his mount to shift inwards at the 200m when being ridden forward which resulted in JEVILLA (R. Hill) becoming crowded and having to restrain. Jockey W. Pike was subsequently suspended from riding in races for a period of 10 days to commence from midnight 14 March 2015 and to expire at midnight 24 March 2015. In considering penalty, Stewards took into account Jockey Pike’s excellent record as he had incurred no suspension over a period of 15 months and had accrued over 1,100 rides in that time without penalty.
    Know another Jock with a better record with a lesser profile plead with stewards and still got 14days and only asked for one day off his suspension what a joke
    :-@ ^:)^ [-X
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  • SPUDLEYSPUDLEY    1,584 posts
    Regards the success or not of Bob Peters racing and breeding enterprise businessmen use horse breeding as a tax write off for their main business which in Bob's case is his BMW dealership.
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  • PunterPetePunterPete    196 posts
    edited March 2015
    Ok Bob makes a squillion out of racing in WA there is that what you all want to here Name me one one out owner with his size operation who does ?

    If he does make profits he deserves them Im just gojng off what he himself said at a breakfast I was at t last year about a lot of very lean years in racing for him to
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  • SPUDLEYSPUDLEY    1,584 posts
    Horse studs owned by big business always run at a loss they then pay less tax from their main business.
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  • CarlosaCarlosa    1,287 posts
    ATO don't just allow businesses to run at a loss...not saying this doesn't happen but it ain't that simple.

    RIO likes this post.

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  • SPUDLEYSPUDLEY    1,584 posts
    I could go into more detail but as I have left the stud side of things I still have knowledge that I will not divulge on this site.
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  • paraleticparaletic    3,750 posts
    I think you can only claim losses if its seen as a commercial operation. For example a breeder must offer the horses for sale and if there is a loss it is claimable? That is my very simplistic opinion of it. Im not an accountant.
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  • darkshinesdarkshines    2,837 posts
    Bobs tried horse sale wouldnt qualify his operation as commercial, surely. Doubt he'd be getting benefited in that way
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  • thefalconthefalcon    20,495 posts
    Bob has the money..its a passion to him, has been for decades and hopefully for decades to come.
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  • ColourfulRDColourfulRD    480 posts
    squid69 said:

    Bobby Davis said:

    Looks like Pike might be off to the sin bin after military reign. Seemed to have caused Ryan Hill to soil his dacks half way down the straight.
    Let's see if diplomatic immunity kicks in around the same time as the big races again.

    He got time Bobby

    General: Jockey W. Pike (MILITARY REIGN) pleaded guilty to a charge of careless riding under ARR.137(a) for allowing his mount to shift inwards at the 200m when being ridden forward which resulted in JEVILLA (R. Hill) becoming crowded and having to restrain. Jockey W. Pike was subsequently suspended from riding in races for a period of 10 days to commence from midnight 14 March 2015 and to expire at midnight 24 March 2015. In considering penalty, Stewards took into account Jockey Pike’s excellent record as he had incurred no suspension over a period of 15 months and had accrued over 1,100 rides in that time without penalty.
    ColourfulRD said:

    10 days? when was the last time anyone got 10 days

    Over 1100 rides without penalty would have helped. He ain't a serial offender.


    lots of reprimands and warnings over that 1100 
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  • PunterPetePunterPete    196 posts
    edited March 2015
    the falcon said:

    Bob has the money..its a passion to him, has been for decades and hopefully for decades to come.

    EXACTLY my point he's not in it to make money most likely has not over the years he's a rich guy who loves the sport an can afford to chuck large amounts at his passion an love for racing it's his buzz

    Regardless WA Racing owes him a big vote of thanks he's a legend for supporting racing

    As for ATO Claims of racing ha good luck with that against your business intrests
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  • DamienWyerDamienWyer    7,991 posts
    Several years ago, as I understand the ruling, the ATO isolated your business interests so you could not offset your profits from one, and lever them against your losses in another. This had a huge impact on the breeding Industry and it's growth.

    Now I think I am correct, but if there is someone with an accountancy background who could verify this, but there is in fact a specialty firm that operates in Victoria, and even does speaking events for owners thinking otherwise.


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  • paraleticparaletic    3,750 posts
    darkshines said:

    Bobs tried horse sale wouldnt qualify his operation as commercial, surely. Doubt he'd be getting benefited in that way

    I was referring to breeders that sell at the yearling sales etc not bobs operation.
    +1 -1
  • kittradkittrad    38 posts
    Congrats to the winners here. Too bad I was away and wasn't able to put on some money here. image
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