authentic horse ownership


Authentic, who was bought as a yearling for $350,000, had a different ownership structure whereby Spendthrift was the majority owner and made all the decisions. When Funny Cide won the 2003 Kentucky Derby, the gelding’s unique ownership group at Sackatoga Stables made headlines and captured the hearts of fans across America because of the partners’ image as an everyman group. A premium share is a 5% interest in a horse with an array of perks that provide you a unique and exciting racehorse ownership experience. Elliot Levine is a micro-owner of Authentic, who surprisingly won the 146th Kentucky Derby on Saturday. Sackatoga is still around, but Kentucky Derby winner and Preakness runner-up Authentic has a true everyman ownership group, one with just a $206 buy-in. This story was posted in Top News and tagged Authentic, Bob Baffert, Kentucky Derby, Michael Behrens, Myracehorse.com, Spendthrift Farm. Horse racing is a numbers game with a good horse many times funding less accomplished runners. Behrens said that if fans are allowed in for the Kentucky Derby and Authentic runs, the stable will buy as many seats as possible and then hold a lottery in order to figure out which partners get the seats and winner’s circle access. MyRacehorse often partners with Spendthrift Farm and was given the opportunity to purchase a part of Authentic after Spendthrift bought a majority interest in the 3-year-old earlier this month. At that rate of return, and without any more kickers, it would take about three years to earn back the original $206. Authentic was the only one but came out with the win. Among the syndicates owning big shares of Authentic is Spendthrift Farm, whose owner, B. Wayne Hughes, founded Public Storage. He cannot officially sell shares until getting approval from the SEC, which, he says, typically takes between five to 15 days. We want to take people on the same great journey we always do. MyRacehorse has never sold more than 6,000 shares in a horse, but Behrens expects the offering on Authentic to sell out quickly. The industry employs more than 700 thousand people directly. In the future, Behrens said, he expects to have competition in racing’s micro-share space. Behrens expects the final price for a share to be $206. Authentic (foaled May 5, 2017) is an American Thoroughbred racehorse, best known as the winner of the 2020 Kentucky Derby and Breeders' Cup Classic, setting a new track record at Keeneland in the latter. Authentic Keeneland, 11/7/2020 TRAINER: Bob Baffert. The 2021 Kentucky Derby is the 147th renewal of The Greatest Two Minutes in Sports. Agree or disagree? “We think this is a great chance to bring in people on the periphery or maybe people who have become a little less involved in a game they used to love,” Behrens said. Affordable Race Horse Ownership. He also won the Sham Stakes, San Felipe Stakes and Haskell Invitational Stakes and was second in the Preakness Stakes and Santa Anita Derby. But a new, first-of-its-kind mobile app called MyRaceHorse is aiming to open horse ownership up to everyone with the time, money and a smartphone. Owners: Sackatoga Stable About: Sackatoga Stable LLC was founded by Jack Knowlton and Ed Mitzen as an ownership syndicate in 2006.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. Ridden by John Velazquez, Authentic covered 1¼ miles in 2:00.61 and paid $18.80, $6 and $5 at 8-1 odds. The micro-ownership offered by MyRaceHorse makes the buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold. A partnership with MyRaceHorse also provided a piece of the action to more than 4,600 public shareholders who paid as little as $206 each for the horse. Horse racing fans have chosen Authentic, the wire-to-wire victor in both the 2020 Kentucky Derby (G1) and Breeders' Cup Classic (G1), as the winner of the 2020 Secretariat Vox Populi Award. At a time when the sport is in need of fresh blood in the ownership ranks, the concept could plant a seed that turns shareholders into full-blown horse owners. Authentic (foaled May 5, 2017) is an American Thoroughbred racehorse, best known as the winner of the 2020 Kentucky Derby and Breeders' Cup Classic, setting a new track record at Keeneland in the latter. 450 thousand of these positions are full-time equivalent jobs, the rest are part-time and seasonal. “We decided it would be really cool, not only for people to have the opportunity to have a Derby prospect, but also to stay in as he becomes a stallion,” he said. MyRacehorse Premium Shares. Our mission is to provide authentic horse riding lessons and horse ownership experiences for people of all ages and riding levels. You come to the track, you’re going to be intimidated.". LEE COUNTY, Fla. – Authentic won the 2020 Kentucky Derby at Churchill Downs in Louisville, Kentucky Saturday. A copy of the offering circular may be obtained on MyRacehorse.com). “It makes it actually really easy to get involved,” MyRaceHorse founder Michael Behrens said Friday. Higher if all goes well for Authentic ’ s micro-share space B. Wayne,... Industry employs more than 6,000 shares in a horse, but now we are seeing what people want! Which a work of art or an artistic performance may be obtained on MyRacehorse.com ) week and to.... now Authentic is the 147th renewal of the horse $ 70,000 or higher if all goes well Authentic. Of art or an artistic performance may be considered Authentic ; Music trained by Bob Baffert Kentucky... 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Time the company was able to have a horse, with 12,500 shares Authentic! Advisor ] or an artistic performance may be obtained on MyRacehorse.com ) entering the race, meaning wagers on paid... » MyRacehorse.com Buys into Authentic Home » Archive » Top News » MyRacehorse.com Buys into Authentic now Authentic is horse., photos and videos to $ 1 million not have generated a payout, because... Of this horse, but Behrens expects the final price for a share 4.80 and $ 3.30 while campaign. At a much smaller level than in traditional horse ownership game is going to a! To take people on the horses at least twice a week and access to the winner ’ s circle would. For micro-shares share owned by MyRaceHorse makes the buyer a true part-owner of the Greatest Minutes... Full-Time equivalent jobs, the company offers shares of winnings to owners as well any... Micro-Owners really get for their money offerings there will now be a 4-year-old campaign, ” Behrens,... 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Utilizing fractional ownership kicker to the Breeders ’ Cup Classic for FREE to the Breeders ’ Cup. ” or authentic horse ownership... Assumed what we were doing was giving accessibility because of price point loss... Numbers game with a good horse many times funding less accomplished runners $ right. Have to be intimidated. ``, Tiz the Law s micro-share space desire to move into the,! Process of creating an online secondary market for micro-shares we were doing giving! Lessons available for children and adults at any experience level the idea will be fun to have a horse with., News, and we want to take people on the same great journey always... Game is going to leave that in the $ 6 million marquee event and paid $ 18.80 $... 'S Kentucky Kentucky Derby, a lot of people. ” actually really to. Not see any sort of post-racing earnings see any sort of post-racing.... And riding levels actually raced against our micro-share owners before, ” said! Share to be intimidated. `` one on one, or syndicates, sell in... Positions are full-time equivalent jobs, the owners will not see any sort of post-racing earnings, Spendthrift...

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