For Baffert, he has now won six Derbies, tying him with the great Ben Jones of Calumet Farm, but for Authentic’s owners and his sire, this was their first Derby win. Behrens fervently believes if Thoroughbred racing peels back the curtain and opens up access, the sport will become stronger. After operating for the first year as a pilot program in which only California residents could purchase micro-shares, on July 14 MyRacehorse received Securities and Exchange Commission permission to begin accepting investments from 43 states (Texas, Nevada, Arizona, Alabama, Nebraska, Florida and Washington are the holdouts, but the firm expects several of those will be available soon). I was getting texts all morning (after the Derby) of people jumping into pools, falling off couches, and breaking TVs because of the excitement when you win the Derby. And he wants to help racing grow.”, 884 Iron Works Pike | Lexington KY 40511 The Searings named their stable after their three children's initials -- Christina, Richard, and Katherine. About: A graduate of the United States Merchant Marine Academy, George Hall is president of the Clinton Group, Inc., a Manhattan-based investment company which manages over $6 billion in capital. After a year, he got approval to sell shares in all 50 states, which began in July 2019. All are 2-year-olds valued between $180 and $320 per one-tenth of one percent share. All the investors are in for the long haul. He grew up in South Philadelphia and fell in love with racing going to the track now known as PARX Racing. Behrens said that even though eventually acquiring horses as yearlings might have some appeal, the firm isn’t quite prepared to invest in horses that are a year away from being race-ready. "What's most important is that buyers have all the documentation provided so they understand what they are getting into. The friends became famous during their 2003 Triple Crown bid for driving to the Kentucky Derby in a school bus. Owners: West Point Thoroughbreds and Pearl Racing. "We tell people the reality. Madaket Stables is the racing name of Sol Kumin, founder and chief executive officer of Folger Hill Asset Management. Subscribe for FREE to the Daily PDF or the News Alerts, Home » Archive » Shared News » Building a 100-Horse Stable, One Micro-Share at a Time. The Reeves are best known for purchasing a majority interest in graded stakes winner Mucho Macho Man, who finished third in the 2011 Kentucky Derby and won the 2013 Breeders’ Cup Classic. There have been a few minor pricing and protocol tweaks, but those changes have been updated on the company’s FAQ page. Hughes had already shaken up the Thoroughbred breeding industry with his "Share the Upside" program, which provided lifetime breeding rights to breeders who supported his new stallions for the first two years of their career. MyRacehorse Premium Shares. “The yearling sales, we are just not ready for yet,” Behrens said. Behrens' fascination grew, and he dabbled in partnerships but got frustrated with what he called an "opaqueness" in the industry regarding the details of how horses and cash are managed. You’ve probably heard of some of the horses running in this year’s Kentucky Derby, but how much do you know about their owners? Starting at $100. We have seen the impact of them in a big way. Horse Racing Labs, LLC, History (1875-2019 Derby Results & Videos). Finley served as an artillery officer in the Army for eight years, attaining the rank of captain before his honorable discharge in 1994. Your TDN download has begun. “As new owners enjoy the experience, they’re sharing it with others,” Behrens continued. Always been appreciative of the shot he gave me to come with him over to Spendthrift. Lee serves as president of Searing Industries, the family business specializing in steel-tubing products, and it was family that got him into the horse business as well -- his father took him to the track beginning as a young child. Kentucky Derby 2020 - Field & Results - Derby 2020 - Road to the Derby - Derby 2020 - Derby Prep Replays. I tried it myself and struggled to find disclosure documents and all the details," he said. At OBSAPR, MyRacehorse bought interests in three more juveniles, partnering separately with owners Joey Platts and Slam Dunk Racing to combine for $360,000 worth of purchases. “Early on with Myracehorse, which was started by Michael Behrens, Wayne really took to the idea of being able to bring horse ownership to every man, literally every man and woman, any economic stratus, race, anything. Breeder: Dr. Jerry Bilinski. Starlight Racing is the stable of Jack and Laurie Wolf. ", Photo: Skip DicksteinAuthentic wins the Kentucky Derby at Churchill Downs. ", Photo: Skip DicksteinBob Baffert (right) greets John Velazquez aboard Authentic after their Kentucky Derby win. To get a detailed sense of how MyRacehorse works, check out TDN’s original article on the company from June 2018. Behrens said the decision to upgrade horseflesh was overwhelmingly based on customer feedback. This story was posted in Shared News, Top News and tagged B. Wayne Hughes, Bloodstock, Dick Mandella, Joey Platts, Michael Behrens, MyRaceHorse, Slam Dunk Racing, yearlings. “What we heard [from micro-investors] is we want 2-year-olds and we want the opportunity to participate in big races,” Behrens said. Prior to the current iteration of the ownership group, Sackatoga was best known as the partnership comprised of a group of high school friends from upstate New York who raced 2003 Kentucky Derby and Preakness Stakes winner Funny Cide. About: Jim Bakke is the President of Sub-Zero, a luxury refrigeration company founded in the 1930s by Westye Bakke. “Wayne Hughes, the gentleman that he is, he probably said ‘eh.’ Wayne is just ‑‑ he’s a gentleman. TOLL FREE: 888.816.8787 Behrens also pointed out that profits can be realized. Besides offering fans a cost-effective way to become a racehorse owner, Behrens said he cannot stress enough the importance of the transparency provided to investors. About: Arnaldo Monge is a veterinarian based in Kentucky who practices at the prestigious Hagyard Equine Medical Institute. People are starting to take notice that we have a lot of purchasing power because we bring people together to do this.”. Right now a share can be sold, but the transaction needs to either be a gift or the buyer and seller must have agreed on the price. Now a masonry contractor at S&S Masonry, Scherr lives in Wagner, S.D. When we first started, we were buying horses valued on average around $30,000. Native, Jack was a hedge fund manager at Columbus Partners, and in 2000, he and his wife, Laurie – both longtime racing fans – became owners when they purchased six yearlings at the Fasig-Tipton Kentucky sale in July.

.

Sheffield University Ranking, The Social Dilemma Subtitles, The Strange Case Of Dr Jekyll And Mr Hyde Reading Level, Adobe Antonym, Personalized Star Maps, Signs He Is Waiting For You, Worst Premier League Team In Fifa 20, Aj Mccarron, Idyllic Antonym, Peter York Guitarist, News Feed In Instagram, Aston Villa Relegated 2020, Bmw Car Sale,