after only four successful years calls it quits. If anyone has some spare change there are some good investments in this dispersal.
Sadly, this may become a common event as horseracing struggles to survive.
I’m not so sure. I think they might be an example of one. Maybe the principal got bored. Maybe he needs to cash out the residual value. Maybe there are personal problems that have nothing to do with horse racing.
My point is that given how fast they rose and how much money they threw around in such a compressed timeframe, I’m just not sure how indicative they are of the entire industry.
Someone on BH went ahead and added up all of their auction purchases - 109 horses for $27,694,000. That’s not counting the Tapit and other stud fees. Considering they have just over 7mil in earnings, without ever having an incredible sales horse . . .
IMO, not something the rest of the racing industry really needs to be concerned over. Just a precautionary tale for new owners with hot money trying to get the “Big Horse” right out the gate. Too bad. I’ll miss all of the Conquests and their photo shopped FB pictures.
“Start out a billionaire to become a millionaire.”
IMO there’s more going on here than just dissatisfaction with return on investments in only 4 years.
No one spends that kind of money on anything without being well educated in the sport and more importantly the business of regardless of the widget.
A person buys a yearling they won’t really know what they are holding for more then 2 1/2 years later. But this maybe a case of a fool and their money and putting all their money in one basket.
Or they hit the lottery and like a lottery winners spend it like never ending “free money”.
My take away; They might have had a reversal of fortune, hedged the market (wall street) the wrong way, investment portfolio that tanked etc.
Or they know/feel something about future economic stability conditions that have spooked them and are going to ground.
I’ve been in the business a long time. Have seen lots of people with very deep pockets come and go. But never in just 4 years.
Gumtree, it is a common happening in all phases of the horse industry. Usually with just a little less money involved.
Some call it “the redistribution of wealth”. 
The article cites “personal reasons.” The article cites 22% wins and 57% in the money. Whether or not those great numbers allowed them to turn a profit depends on how much money they spent.
I’m not wild about their goal of being a top owner. Anytime you start a business with the goal of being at the top, you then have to work backwards to where you are now. If you start with an analysis of your strengths and weaknesses and move forward off that in your industry of choice, you can then make money being really good at what you are really good at, and minimize the impact of your adverse characteristics.
I don’t watch Shark Tank, but from the glimpses I’ve had, it about enterprenuers with really good ideas who maybe have had some success and they are going for the big reach. But they frequently get shot down because there are holes in their business plan. No matter how good you may be, if your plan sucks, you will struggle. And the status of the racing industry offers no hope for any significant improvement in the future. I see no light at the end of the tunnel. You won’t catch me risking any significant amount of money in racing.
