MyRacehorse Named New Owner of the Year

[Where_sMyWhite]

New York Thoroughbred Breeders has named MyRacehorse as the 2020 New Owner of the Year.

The award recognizes a new Thoroughbred owner who has been successful in the sport and has had a positive impact on the industry.

MyRacehorse is a novel ownership concept whereby individuals can purchase United States Securities Exchange Commission-approved microshares in Thoroughbred racehorses. Since its founding, it has partnered in horses such as Kentucky Derby Presented by Woodford Reserve (G1) winner Authentic and grade 1 winner Street Band.

I would say that MyRacehorse has done both… success and positive impact. And congrats to our own COTH’er who is a micro share owner of Authentic!

:encouragement:

[skydy]

Congratulations @Unfforgettable !

[Unfforgettable]

Awww…thanks! I’m happy to be a teeny tiny part of it. This whole thing is kinda fun, which is the purpose. Plus myracehorse does a great job of keeping us all informed on each horse with pics and trainer reports often. It’s an interesting concept and very well done. The partnership with Spendthrift is a big bonus, as that owner wants to help more people get involved and interested in racing.

I own shares in six horses as of now. Authentic, of course…and another Into Mischief named Lane Way, a three year old turf horse that just broke his maiden, plus four two year old fillies that are just getting going a bit. They’re by Munnings, Pioneerof The Nile, Into Mischief, and Medaglia D’Oro.

Best part: I get to watch, enjoy…and no feed bills, vet or farrier bills, no manure to shovel.

[Bluey]

@Unfforgettable

Awww…thanks! I’m happy to be a teeny tiny part of it. This whole thing is kinda fun, which is the purpose. Plus myracehorse does a great job of keeping us all informed on each horse with pics and trainer reports often. It’s an interesting concept and very well done. The partnership with Spendthrift is a big bonus, as that owner wants to help more people get involved and interested in racing.

I own shares in six horses as of now. Authentic, of course…and another Into Mischief named Lane Way, a three year old turf horse that just broke his maiden, plus four two year old fillies that are just getting going a bit. They’re by Munnings, Pioneerof The Nile, Into Mischief, and Medaglia D’Oro.

Best part: I get to watch, enjoy…and no feed bills, vet or farrier bills, no manure to shovel.

Interesting program, congratulations!

[Where_sMyWhite]

@Unfforgettable Thanks for sharing the other horses you have a partnership in.

I think the idea is a great concept.

[poltroon]

I have a friend who is a teacher who is one of the shareholders in Authentic as well as several other horses - it has brought her so much joy. What a great concept.

[RoughOut]

That’s pretty neat!

I’m thinking about buying shares for my dad for Christmas. I think it would be a cool way to follow along with a horse and is more affordable than the traditional syndicates

[Where_sMyWhite]

@RoughOut

That’s pretty neat!
I’m thinking about buying shares for my dad for Christmas. I think it would be a cool way to follow along with a horse and is more affordable than the traditional syndicates

Read MyRacehorse’s web page about gifting shares. but, great idea!

Can I buy shares for someone else?
Due to securities regulations, shares cannot be purchased for other people, however MyRacehorse does offer gift cards that you can buy for someone else.

What type of ownership stake am I buying?
You are buying a stock in a particular series of an LLC that has been validly issued in compliance with applicable securities laws. We establish a series for each horse offered, and stock in that series is what’s being sold.

Are these real shares? Who is the regulating agency for them?
These are genuine shares issued either under a state permit or through a Regulation A offering.

[Texarkana]

I’m glad to finally see one of these models succeed. I truly believe in the concept, as it’s becoming increasingly challenging to attract new owners to racing. I was a part of two different ones in the past. Both ended up going bankrupt, resulting in a lot of unpaid bills to trainers, etc. and horses who “disappeared.” Myracehorse seems to have succeed by embracing the “tech” aspect to reach more people and by investing in syndicate shares of already running top horses instead of trying to be the sole owner of a cheaper horse.

[RoughOut]

I did read up on that @Where’sMyWhite . But thanks for reiterating!

[Unfforgettable]

One thing I’ve found interesting is listening to people who have invested without really knowing much about horses. Some seem to think that a winning purse should be divided immediately among all the shareholders, in its entirety. They have no idea of the actual cost to maintain and train and race a good prospect, and the payouts are, in the early stages, minimal if any because most of the winnings goes toward the reserve account used to pay the bills. That will be divided at the end of the horse’s racing career, if there’s any left over, but it needs to be available for all the ongoing needs. Myracehorse has gone over the top trying to explain it, but some folks just can’t wrap their heads around the real costs involved.

I’m in it for the fun of watching “my” horses run…and betting a few bucks as well. I picked up about $700 on Lane Way’s last race when I hit the trifecta. That paid for all the shares of all the horses I “own”, plus a little left over to keep playing with. I look at it as entertainment and nothing more…and if I make a few bucks someday, great.

[Where_sMyWhite]

@Unfforgettable I liked all the people who claimed ‘scam’ in the reviews… ummmm, no :lol:

I get the risk… now I’m just waiting for shares to be offered for sale.

[Texarkana]

@Unfforgettable I guess people’s lack of ability to comprehend the cost of racehorses shouldn’t be totally surprising. Most people have no contact with horses today and can’t even fathom what goes into it.

When actual show and pleasure horse people can’t understand or appreciate the cost of racehorses, it doesn’t bode well for lay people getting it!

[Unfforgettable]

@Texarkana

@Unfforgettable I guess people’s lack of ability to comprehend the cost of racehorses shouldn’t be totally surprising. Most people have no contact with horses today and can’t even fathom what goes into it.

When actual show and pleasure horse people can’t understand or appreciate the cost of racehorses, it doesn’t bode well for lay people getting it!

How true. And those same people who say “all it costs is hay, grain, and some training bills” and don’t realize how much other stuff there is and what it costs, have no problem at all laying out a hundred bucks or more to go watch a sports team and they’re absolutely fine with all the costs involved in that. Heck, it’s just guys chasing a ball, tickets shouldn’t be more than ten bucks, right?