wingedhorse
Well-Known Member
This may be semantics, but if one is able to subsidise one's own horses, then the liveries must be generating profit. They might not be covering all the costs of your own horses *and more* but the liveries can't be running at a loss.
It might be that the YO has more horses than they can afford to run under current livery arrangements/prices, but that doesn't automatically mean that the yard is not covering its costs.
I wasnt including YO's time at minimum wage in the covering the costs of YO's horses.
So would be a loss on paper.