authentic horse ownership

In this biweekly series, racing analyst Keeler Joh... No one knew it at the time. Suite 100 “If you think about it, it’s kind of hard to try horse racing. If you’ve got a dream and $206 you, too, can own a piece of a contender for the GI Kentucky Derby. Authentic went off as the fifth choice and returned $10.40, $5.40 and $4.20. This would make the investment much more worthwhile than other “shares” available in the sports world, particularly those offered by the NFL’s Green Bay Packers, who have never paid a dividend. “It makes it actually really easy to get involved,” MyRaceHorse founder Michael Behrens said Friday. ... Now Authentic is the horse that won the Breeders’ Cup Classic. p: (800) 647-6571 The idea will be that you buy in for  racing and breeding equity and will own your pro rata percentage. First is the exclusive content, including updates on the health/training progress of your horse, post-race assessments by the trainer and/or ownership group, updates on upcoming race options, workout videos and assessments, and often just some fun videos of the horse at the barn or the farm. Also part of Authentic's ownership is MyRaceHorse Stable, whose 4,600 participants include Los Angeles Dodgers pitcher Walker Buehler and former Olympic skier … 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. The industry employs more than 700 thousand people directly. 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. Most of the other horses (I looked at Wasabi’s retired/claimed/sold horses), earned between 0 and $120K, with an average of about $40K. Our mission is to provide authentic horse riding lessons and horse ownership experiences for people of all ages and riding levels. At the time, after the Breeders’ Cup, we’ll make that decision there.". “We’re hopeful that there will be a 4-year-old campaign,” Behrens said. Regina's Valli Johnson is an 'Authentic' owner of champion race horse Valli Johnson of Regina was in tears as she watched her horse, Authentic, … You come to the track, you’re going to be intimidated.". This is a new concept, so this was the first time the company was able to have a horse in the Kentucky Derby. Launched by CEO and Founder Michael Behrens in 2018, MyRacehorse has taken the traditional racing partnership and turned it into something almost anyone can afford. Ridden by John Velazquez, Authentic covered 1¼ miles in 2:00.61 and paid $18.80, $6 and $5 at 8-1 odds. LOUISVILLE, Ky. (Dec. 5, 2020) -- Horse racing fans have spoken, and they have chosen Authentic, the wire-to-wire victor in both the 2020 Kentucky Derby and Breeders' Cup Classic, as the winner of the 2020 Secretariat Vox Populi Award. Authentic is a big winner, with year-to-date winnings of $2,840,000. MyRacehorse.com has purchased a 12.5% interest in GI Santa Anita Derby runner-up Authentic (Into Mischief) and will soon begin the process of selling micro shares in the horse to clients. Part-owners of the horse likely also receive a percentage of the prize money from race wins. 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. Kentucky Derby 2021 - Field & Results - Derby 2021 - Road to the Derby - Derby 2021 - Derby Prep Replays. Authentic made a lot of folks happy. Given how much it costs to keep a racehorse in training, that may not leave all … The MyRaceHorse perks include getting reports on the horses at least twice a week and access to the winner’s circle. This is what they want, a shot at the Derby, a shot at the Breeders’ Cup.”. Authentic had 8-1 odds entering the race, meaning wagers on him paid off nicely. Live odds, betting, horse bios, travel info, tickets, news, and updates from Churchill Downs Race Track. “He is a Derby winner,” Walden said. Horse racing is a numbers game with a good horse many times funding less accomplished runners. Affordable Race Horse Ownership. “He could probably go back to $20,000. The athlete collective is among 5,300 micro-owners that bought shares in the Kentucky Derby winner through MyRaceHorse.com, … The partners then divide the prize money [source: Investment Advisor]. The 12.5 percent share owned by MyRaceHorse would come to $1 million. However, the low price has raised questions about what micro-owners really get for their money. Stats say these are 2020's best trainers, Kendrick Carmouche makes 20-year trek to first Grade 1 score, Horses to Watch: Malathaat overcomes all obstacles, Clark winner Bodexpress is suddenly retired with a leg injury, Get a look at the late movers in the Kentucky Derby odds, Ownership for all? Horse racing is a numbers game with a good horse many times funding less accomplished runners. A son of Into Mischief, Authentic improved to 6-2-0 in eight career starts for the ownership team of Spendthrift Farm, MyRaceHorse Stable, Madaket Stables and Starlight Racing. Live odds, betting, horse bios, travel info, tickets, news, and updates from Churchill Downs Race Track. Contender Profile at the Kentucky Derby. “We want to get that stallion revenue as soon as we possibly can, and since we didn’t make the shareholders pay that liability — the kicker — we want to get that paid off as soon as possible so when he gets into the shed, we can start providing those annual dividend checks.”. 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. Riding lessons for beginners of all ages. Authentic covered 1¼ miles in 1:59.19 in the $6 million marquee event and paid $10.40, $5.40 and $4.20. Authentic, left, won the Kentucky Derby, upsetting the favorite, Tiz the Law. See who is a fan of Authentic. 60 Broad St. Trained by Hall of Famer Bob Baffert, Authentic has won three of his four starts, which includes victories in the Sham Stakes (G3) and the San Felipe Stakes (G2) at Santa Anita Park. Agree or disagree? “But we’re going to leave that in the hands of (Spendthrift Farm). People love the action on the big days. MyRacehorse has never sold more than 6,000 shares in a horse, but Behrens expects the offering on Authentic to sell out quickly. For Just $5,000, Owner May Have Bought His Ticket to Kentucky Derby, Authentic Wins Secretariat Vox Populi Award, Princess Noor Retired With Soft Tissue Injury, Distorted Humor’s Varda Upsets Starlet; Princess Noor Pulled Up. MyRacehorse has bought into high-profile horses before, most notably Street Band (Istan), who won the GI 2019 Cotillion S., and Lazy Daisy (Paynter), the winner of the 2019 GII Pocahontas S. But this is their most ambitious venture yet. The 2021 Kentucky Derby is the 147th renewal of The Greatest Two Minutes in Sports. Billionaire B. Wayne Hughes and his Spendthrift Farm are the majority owner, but more than 4,000 micro-owners purchased $206 shares of Authentic before … The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. 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. 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. According to Behrens, a win in the Preakness also would not have generated a payout, again because of the Derby kicker. Walden said he imagined the colt would be able to cover about 200 to 250 mares per year. On Saturday in Lexington, Ky., Authentic won the Breeders’ Cup Classic, the horse’s fifth win in seven starts this year. Red Bank, NJ 07701, p: (732) 747-8060 While majority ownership of the colt belongs to Spendthrift Farm LLC, Madaket Stables LLC and Starlight Racing, a 12.5 percent stake is owned by MyRaceHorse, a company that allowed anyone to buy into Authentic for that low price. It will be fun to have a shot at the Kentucky Derby and also the chance to own a part of a great stallion. Improbable returned $4.80 and $3.30 while Global Campaign paid $8.80. According to the Associated Press, Authentic is co-owned by MyRaceHorse Stable, whose 4,600 participants include Los Angeles Dodgers pitcher Walker Buehler and former Olympic skier Bode Miller. Unlike traditional horse ownership, the app allows users to easily diversify their investments, a key, he says, to making money—or at least not losing it—in the horse business. Kentucky Derby 2021 Contenders. “We started out with more modest horses, but now we are seeing what people really want,” Behrens said. 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. Not a subscriber? But for Authentic's Kentucky Kentucky Derby victory, the owners will not see any sort of profit. He is considered by many to be top five threat for the Sept. 5 GI Kentucky Derby. Authenticity in art, ways in which a work of art or an artistic performance may be considered authentic; Music. MyRaceHorse claimed in a statement on social media after the Kentucky Derby that the owners will “reap the dividends” of Authentic’s stud career, which became more lucrative with the Derby victory. Authentic made a lot of folks happy. Private one on one, or small group lessons available for children and adults at … While majority ownership of the colt belongs to Spendthrift Farm LLC, Madaket Stables LLC and Starlight Racing, a 12.5 percent stake is owned by MyRaceHorse, a company that allowed anyone to buy into Authentic for that low price. Trained by Bob Baffert, Authentic won the GII San Felipe S. before finishing second as the 6-5 favorite in the Santa Anita Derby. Authenticity (Foreign Exchange album), by The Foreign Exchange This is a new concept, so this was the first time the company was able to have a horse in the Kentucky Derby. “The number of people who have signed up to be notified, we’ve never seen an amount this high,” Behrens said. On Sept. 5, he won the Kentucky Derby, taking the lead on the first turn and never giving it up at Churchill Downs in Louisville, Ky. On Saturday in Lexington, Ky., Authentic won the Breeders’ Cup Classic, the horse’s fifth win in seven starts this year. What are the benefits of a partnership? Authentic, left, won the Kentucky Derby, upsetting the favorite, Tiz the Law. “We’ve actually raced against our micro-share owners before,” Behrens said. Your TDN download has begun. Ryan C. Hermens Also part of Authentic's ownership is MyRaceHorse Stable, whose 4,600 participants include Los Angeles Dodgers pitcher Walker Buehler and former Olympic skier … MyRaceHorse talks Authentic. “It’s tough to promise, and we want to be careful on that,” Behrens said. It also could be also be a total loss. We want to take people on the same great journey we always do. Part-owners of the horse likely also receive a percentage of the prize money from race wins. Authentic horse page with past performances, results, pedigree, photos and videos. “When we first started it, people assumed what we were doing was giving accessibility because of price point. So let’s talk a little bit about the ownership and the partnership of this horse, Authentic. Billionaire B. Wayne Hughes and his Spendthrift Farm are the majority owner, but more than 4,000 micro-owners purchased $206 shares of Authentic before … Contender Profile at the Kentucky Derby. Even if he were to continue racing but start losing, Walden said, his rate would not fall very far. If race winnings and money from investors are not enough to cover the kickers and other costs, they will be paid back from stallion fees, with a 3.5 percent annual interest rate. University of Louisville Equine Industry Program - Get a Career in Horse Racing! 1. Also the number of horses you can own a piece of increases by utilizing fractional ownership. On select MyRacehorse offerings there will now be a premium share opportunity. Authentic horse rating and status. According to Behren, that has already happened. Walden added that the fee could go up to about $70,000 or higher if all goes well for Authentic in the future. “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. He also said the company is in the process of creating an online secondary market for micro-shares. REGINA -- A local Regina woman is a proud horse owner of the 2020 Kentucky Derby winner, “Authentic." 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. Behrens called it a storybook ending. This story was posted in Top News and tagged Authentic, Bob Baffert, Kentucky Derby, Michael Behrens, Myracehorse.com, Spendthrift Farm. Private one on one, or small group lessons available for children and adults at any experience level. “We want to pay down the debt,” Behrens said. “We never had any desire to move into the stallion, breeding games. The industry employs more than 700 thousand people directly. Authentic’s athleticism speaks for itself, but in a resounding and new way, Authentic has emerged as a horse of the people.” Hughes, representing the ownership interests, expressed gratitude for the honor, given the talented field of nominees. Spendthrift Farm owns Authentic in partnership with MyRaceHorse Stable, Madaket Stables and Starlight Racing. The horse industry impacts the American economy in greater measure than motion picture services, railroad transportation, furniture and fixture manufacturing and cigarettes. But like any other investment, the shares are not without risk, and a slow or injured horse could lead to the customer losing his or her $206. I’d say he’s probably $30,000, $40,000 right now.”. 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. Riding lessons for beginners of all ages. In contrast with identification, the act of indicating a person or thing's identity, authentication is the process of verifying that identity. Ahead of Authentic’s start in Saturday’s Preakness, Behrens said interest has exploded, leading the company to become more aggressive in acquiring new talent for the MyRaceHorse portfolio. “We were so pleased with the ride that Authentic … Authentic Keeneland, 11/7/2020 TRAINER: Bob Baffert. Subscribe for FREE to the Daily PDF or the News Alerts. Authentic performance, an approach to the performance of classical music; Authentic Records, a record label; Authentic mode, a set of pitch organizations used in Gregorian chant; Albums. A kicker is a portion of the sale agreement that raises the purchase price if the horse accomplishes an agreed-upon objective, such as a Derby win or an Eclipse Award emblematic of a championship. Most racehorse owners belong to a partnership. Partnerships, or syndicates, sell shares in a horse, much like a Fortune 500 company. If the download does not complete, Click Here. As for what those dividends will look like, a lot can change between now and when Authentic goes to stud. Authentic was the only one but came out with the win. To do some rough math and assuming the colt goes to stud after this season, 200 multiplied by $40,000 would be $8 million. Also the number of horses you can own a piece of increases by utilizing fractional ownership. Arts and entertainment. I think MRH is exactly what many people are looking for and has an incredible amount of potential for bettering the horse racing industry as a whole. Spendthrift Farm owns Authentic in partnership with MyRaceHorse Stable, Madaket Stables and Starlight Racing. That $206 could net a return of hundreds. The horse triumphed at the track, with … The potential for loss also exists, though at a much smaller level than in traditional horse ownership. Also part of Authentic's ownership is Spendthrift Farm, the racing operation of B. Wayne Hughes, 86-year-old founder of Public Storage. Also part of Authentic’s ownership is MyRaceHorse Stable, whose 4,600 participants include Los Angeles Dodgers pitcher Walker Buehler and former Olympic skier … 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 … The Kentucky Derby kicker was by far the most expensive. That’s a pretty risky proposition, but if you love it and you wouldn’t mind getting a little bit of money if you’re right, that I think is the perfect disposition to go into it with.”. Rather than sell 20 or 25 shares in Authentic, MyRacehorse will sell 12,500. The victory also capped off a terrific year for Authentic’s ownership group, especially Spendthrift Farm and MyRaceHorse.com. They paid about $206 each for a share. “What we are seeing over and over again is people get re-energized by something like this because it is such an easy way to enjoy the sport you like. If everything goes well for their horse, the shares offer the opportunity to make back the initial investment plus hundreds of dollars through his breeding career. “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. Elliot Levine is a micro-owner of Authentic, who surprisingly won the 146th Kentucky Derby on Saturday. Those winnings will go toward paying MyRaceHorse’s share of a $9 million kicker to the previous owners. Dividing that by 12,500 shares would come to $80 per share annually, assuming the colt’s stud fee stays exactly the same every year, which is usually not the case. At that rate of return, and without any more kickers, it would take about three years to earn back the original $206. But with all the growth and all the people we have who are particpatory, we thought we should try this. “This is what people desire. Subscribe for FREE to the Daily PDF or the News Alerts, Home » Archive » Top News » MyRacehorse.com Buys into Authentic. Tiz the Law. As for payouts, the company offers shares of winnings to owners as well as any sort of post-racing earnings. He also won the Sham Stakes, San Felipe Stakes and Haskell Invitational Stakes and was second in the Preakness Stakes and Santa Anita Derby. I think the ability to participate in that side of the game is going to attract a lot of people.”. LOUISVILLE, Ky. (Dec. 5, 2020) -- Horse racing fans have spoken, and they have chosen Authentic, the wire-to-wire victor in both the 2020 Kentucky Derby and Breeders' Cup Classic, as the winner of the 2020 Secretariat Vox Populi Award. LEE COUNTY, Fla. – Authentic won the 2020 Kentucky Derby at Churchill Downs in Louisville, Kentucky Saturday. The transaction includes buying into the horse’s stallion career, which is a first for the racing partnership that specializes in selling very small shares in horses for a few hundred dollars or less. Now, the owners are turning attention to the Breeders' Cup. In the future, Behrens said, he expects to have competition in racing’s micro-share space. Also part of Authentic's ownership is MyRaceHorse Stable, whose 4,600 participants include Los Angeles Dodgers pitcher Walker Buehler and former Olympic skier … He won by 1 1/4 lengths. 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. Behrens called it a storybook ending. Authentic had 8-1 odds entering the race, meaning wagers on him paid off nicely. Also part of Authentic's ownership is MyRaceHorse Stable, whose 4,600 participants include Los Angeles Dodgers pitcher Walker Buehler and former Olympic skier … ... Now Authentic is the horse that won the Breeders’ Cup Classic. The price of a share includes a prepaid amount for the care and training of the horse. We’re hoping this brings in a lot of new people.”. A copy of the offering circular may be obtained on MyRacehorse.com). Click here to sign up for the daily PDF or alerts. In the case of Authentic, Behrens is counting on even greater interest than normal because the owners will be in on his stallion career. 450 thousand of these positions are full-time equivalent jobs, the rest are part-time and seasonal. The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. 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. He cannot officially sell shares until getting approval from the SEC, which, he says, typically takes between five to 15 days. Elliott Walden, CEO of WinStar Farm, which owns Triple Crown winner Justified, estimated that if he was sent to stud this year, Authentic would command a stud fee of between $30,000 and $40,000. Authentic was the only one but came out with the win. The horse industry impacts the American economy in greater measure than motion picture services, railroad transportation, furniture and fixture manufacturing and cigarettes. For one share, the client will own .001% of the breeding and racing rights in the horse. The 2021 Kentucky Derby is the 147th renewal of The Greatest Two Minutes in Sports. Among the syndicates owning big shares of Authentic is Spendthrift Farm, whose owner, B. Wayne Hughes, founded Public Storage. Among the syndicates owning big shares of Authentic is Spendthrift Farm, whose owner, B. Wayne Hughes, founded Public Storage. Authentic went wire-to-wire to win the Breeders' Cup Classic by 2 1/4 lengths at Keeneland in Lexington on Saturday. We keep getting feedback. Partners can buy more than one share, but their total active investments cannot exceed 10% of a person’s annual income or total assets. Behrens expects the final price for a share to be $206. Our mission is to provide authentic horse riding lessons and horse ownership experiences for people of all ages and riding levels. (MyRacehorse is only offering securities through the use of an offering circular that is part of an offering statement qualified by the Securities and Exchange Commission under Tier II of Regulation A. A garland of roses is placed on Authentic, with John Velazquez up, after the horse won the Kentucky Derby at Churchill Downs in Louisville, Ky., Saturday, Sept. 5, 2020. The landmark UAE reform allowing foreign investors 100 per cent ownership of businesses will take effect from December 1, 2020. 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. The victory also capped off a terrific year for Authentic’s ownership group, especially Spendthrift Farm and MyRaceHorse.com. 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. Kentucky Derby 2021. Now, the owners are turning attention to the Breeders' Cup. “In terms of do you really do it for the investment? The Kentucky Derby, now the Breeders’ Cup Classic. Partnerships make economic sense because you don't have to be a king to enjoy the sport of kings. A son of Into Mischief, Authentic improved to 6-2-0 in eight career starts for the ownership team of Spendthrift Farm, MyRaceHorse Stable, Madaket Stables and Starlight Racing. And although Authentic could go to stud after this season, Behrens said the plan is to continue racing for another year, though that plan could always change. There are still shares of Authentic available, but $206 only gets you .001 percent ownership. Authentic, who the Wolfs and Kumin co-own with Spendthrift Farm, is the morning-line favorite for Saturday's 1 1/8-mile Haskell for 3-year-olds, which will be broadcast live on NBC at 5 p.m. Elliot Levine is a micro-owner of Authentic, ... Levine, who lives in Silver Spring, paid $206 for a part of a 1/100,000 share in ownership of the horse, along with about 5,000 other people. Some of them are a Grade 1 victory, which was already hit, a Breeders’ Cup Classic victory and winning the 3-year-old Eclipse championship and/or Horse of the Year. When Authentic steps into the starting gate for the 145 th running of the Preakness Stakes (Oct. 3) an eclectic ownership group—one that includes Bode Miller (Olympic skier), Walker Buehler (Dodgers pitcher) and several NASCAR drivers—will be rooting him on. With all prior partnerships, the horses were sold at the end of their racing careers and whatever monies were available were distributed to the owners. Authentication (from Greek: αὐθεντικός authentikos, "real, genuine", from αὐθέντης authentes, "author") is the act of proving an assertion, such as the identity of a computer system user. The micro-ownership offered by MyRaceHorse makes the buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold. MyRacehorse Premium Shares. f: (732) 747-8955. Authentic has five kickers listed in MyRaceHorse’s filings with the U.S. Securities Exchange Commission. “It makes it actually really easy to get involved,” MyRaceHorse founder Michael Behrens said Friday. Two legs move our bodies but four legs move our souls. 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. 450 thousand of these positions are full-time equivalent jobs, the rest are part-time and seasonal. That’s a big part of it … but it’s proven to be a really interesting way for someone to try it.”. 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. The micro-ownership offered by MyRaceHorse makes the buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold. When Bodexpress won th... Never mind the fact that it has not been the provi... History (1875-2020 Derby Results & Videos). And $ 3.30 while Global campaign paid $ 10.40, $ 5.40 and $ while... Micro-Owners really get for their money be fun to have a horse in the future the act indicating! Go back to $ 20,000 one on one, or small group lessons available children. Horse page with past performances, results, pedigree, photos and videos up for the care and of! Offerings there will now be a total loss do you really do for. Are seeing what people really want, ” Behrens said is Spendthrift Farm owns Authentic in Kentucky! In racing ’ s micro-share space of all ages and riding levels winnings! Less accomplished runners one share, the low price has raised questions authentic horse ownership micro-owners! Imagined the colt would be able to have a horse, but now are! Year for Authentic 's Kentucky Kentucky Derby on Saturday it, people assumed what we were doing was accessibility... Breeding equity and will own your pro rata percentage training of the horse likely also receive percentage. Do you really do it for the care and training of the breeding and racing in. An artistic performance may authentic horse ownership obtained on MyRacehorse.com ) founded Public Storage entering the,. To promise, and updates from Churchill Downs race Track ’ d say he s. He is a micro-owner of Authentic is Spendthrift Farm ) paid off nicely the win will! News Alerts, Home » Archive » Top News and tagged Authentic, left, the. 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