The Cream of the Crop

[Stan durbread]

I never saw so many people concerned how much money someone else is making. The bottom line to me is if Burke isn’t making a reasonable profit everyone else should just get out of the business. With his leverage he should be getting the best deals on everything. I would be surprised if he didn’t have a sharp tax accountant. He should be able to draw some of the best help assuming he is offering good pay and benefits, that most other trainers cannot. He may be offering some form of profit sharing to his best second trainers. I could go on and on but if he is a good businessman believe me no one needs to throw him a benefit.

Always remember EGO trumps profit in a lot of cases. Hopefully soon someone apply the Baffert rulings to him.

[Fuguzzi]

I would imagine if Burke were truly smart as I think he is, given the size of his operation and the number of people depending on him and vice/versa, he took advantage of PPP money during the Covid "shutdown"

[theokodjak26]

I have a business owner friend. He called me around 3 years ago telling me he received $55,000 in PPP money because his accountant applied for him. He had no idea why he received it but didn’t look the government gift horse in the mouth. So if Burke’s people applied for PPP $$ he too probably received it too. As Don King used to say,” Only in America”

[Fuguzzi]

Your friend must have at some point given his accountant authorization as an agent for him to make such application. He probably forgot or didn't realize this. Otherwise they could  both end up in hot water. My wife has been an accountant for over 30 years, so I ran the question by her. In many ways, Theo, this was one of the smartest things government did during Covid, the free money to the masses was not.

[Brown jug]

guys,  burke doesnt pay all those expenses, the owners do after he bills out
just like all trainers

[Fuguzzi]

I think it is a fascinating subject to ponder just how much Ron keeps for himself  "free and clear" after everything at the end of the year given the sheer scale and scope of his operation. personally, I believe he is very smart to own as much of as many horses as he can. Very hard to get rich on 5% and per day rates.

[Stan durbread]

I would imagine if Burke were truly smart as I think he is, given the size of his operation and the number of people depending on him and vice/versa, he took advantage of PPP money during the Covid "shutdown"

He got it twice. The link was posted on plop a while back.

[Fuguzzi]

Long before me. He is truly the Wiseowl

[Newt Lobell]

I have a business owner friend. He called me around 3 years ago telling me he received $55,000 in PPP money because his accountant applied for him. He had no idea why he received it but didn’t look the government gift horse in the mouth. So if Burke’s people applied for PPP $$ he too probably received it too. As Don King used to say,” Only in America”

He would have to show a significant decrease in revenues from 2020 to 2019. With the tracks being closed for quite a few months, I’m sure he would qualify.

The ERTC is even more wild. The govt is trillions in debt and they’re giving away billions.

Smh

[Fuguzzi]

my wife talks about that all the time. So i combat her with horse stories.

[Generation XYZ]

I know, no one here is capable of sucking their own dicks. So why tell a story so impossible???

[Fuguzzi]

This one is going over my head GenX  ??

[Generation XYZ]

This one is going over my head GenX  ??

Its OK not meant for you. Your a friend.

[Fuguzzi]

You too. i didn't think it was for me, just couldn't connect it to the thread. I still can't   LOL

[Kole Hanover]

my wife talks about that all the time. So i combat her with horse stories.

 Does your wife tell all of her "online allday buddies"  about you as often as you go on about her?