@TomAmossRacing Was all pleasure working with you during my time at MyRacehorse. Your commitment to ownership/fan experience and education was second to none. Congrats and best of luck with everything that lies ahead.
@mstanton1975 Did this as my grad project at Arizona. We didn’t publish at the time as I wanted to break in/start with syndications and the economic results “shockingly” (being sarcastic) aren’t favorable. Might be fun to revisit now, especially with the advent of micro shares since.
A 2020 @FasigTiptonCo selection. Now a dual surface Graded Stakes winner for @coolmoreamerica American Pharoah. Hopefully 2024 brings even more for him. Congrats to all the connections.
#4 FORBIDDEN KINGDOM ($10.60) is victorious in his return, taking the $200,000 Joe Hernandez Stakes (G2) for trainer Richard Mandella and jockey Flavien Prat. The 4YO son of American Pharoah (@coolmoreamerica) picks up his third graded victory. 👑
Vertical Threat with a runaway victory in the Steel Valley Sprint Stakes at Mahoning Valley.
Congratulations @MyRacehorse, @SlamDunkRacing, Richard Baltas & Heriberto Figueroa.
Brian Snitker to Ronald Acuña Jr last month
“You’re gonna get to play in the World Series this time”
The Braves will not be playing in the World Series
@ry_metzger@QuestingHS@AndreCG___ Because rare as it is in this industry when a horse does become profitable it gives the owners a mechanism for returns. Reg A is that vehicle. Remember Warriors club, the Churchill racing club horse? Earned 800k and members couldn’t earn from it due to the setup, to my knowledge.
@ry_metzger@AndreCG___ But the healthy discussion and business considerations are should all fees be flat regardless or change to performance or a mixture? Think I’ve seen a lot of syndicates move on to a mixture lately.
@ry_metzger@AndreCG___ Markups/profit is always a fun debate. The fee structure of any syndicate should be considered by a client/prospective. But I don’t think it’s unreasonable for any business to charge markups for it taking the risk to acquire assets under no certainty of a sold out product.
@ry_metzger@AndreCG___ MG and GS were leases offered at well below market value. While it didn’t turn out profitable for MG (due to injury that year) the structure was set up fairly. GS offered a full year worth of racing, a few wins, and decent distributions.
@ry_metzger@AndreCG___ It always fascinated me to see the knocks on micro share programs while I was working there. Always ways to improve a product/service but have seen many flawed arguments in critiques of syndicates and their offerings in general. Curious to your main critiques.
How it started ➡️ How it’s going.
This fancy colt from the 1st crop of Horse of the Year AUTHENTIC starts the session off at @FasigTiptonCo Saratoga hammering for $400k to @MyRacehorse which campaigned Authentic himself along with us! Bred by @craigbrogden@MachmerHall 👏 🌹
He was right on time! Chasing Time dominated today at Ellis Park for his #MyRacehorse owners, Hall of Fame trainer Steve Asmussen and @flothejock.
Congrats again to all involved!
Congrats to the connections of #FasigGrad STRAIGHT NO CHASER, winner of the Maryland Sprint S. (G3) at @PimlicoRC in stakes record time!
O: @MyRacehorse
T: @dan_blacker
J: @ljlmvel
Br: John Eaton & Steve Laymon
#FasigMD
https://t.co/5Pf0Y8wRZ5