When you want to make a small fortune, start with a large one!
Some of the comments at the bottom of the article are priceless.
I was reading that article in a fit of insomnia last night. Every line I was incredulously saying, “What??? What!!! He wants to do what?!?”
Dude is off his rocker. Someone needs to take away his ability to make brochures. And exactly what kind of investment firm buys into this? :lol:
Oh, my.
Yep - immediately thought of IEAH.
Perfect example of what drives me crazy at the track. Everyone is an expert. It’s all about betting ego. This just a extension.
Another narcissist in the news.
No, it was the horse, the team, and most-of-all, serendipity.
[QUOTE=Texarkana;8769190]
Someone needs to take away his ability to make brochures. [/QUOTE]
:lol:
In 2015, Zayat made me stop thinking he was a giant twit. Even made me like him a little how he handled having a TC winner. Up until now, he has been uncharacteristically quiet this year. Little did we know he was planning global equine domination. :lol:
While that is an oft quoted line in racing circles, there are examples of people that have become exceedingly wealthy, to the tune of 100s of millions of dollars, from racing/breeding horses.
Granted, for every John Magnier and Yoshida brothers, there are probably hundreds of examples of people that spent tens of millions with a negative return on investment.
But still, the concept of a multi million dollar TB racing/breeding empire that is profitable does have a template. I’m doubtful that Zayat could pull it off though, don’t think he has the horse sense and background the above mentioned examples have, who came from horse families and were steeped in the culture from an early age.
Again, me on the outside looking in with $0 to invest in anything, much less this 
It might work. It sounds wacky for sure but sometimes big profits are made out of ideas that sound wacky (and I’m not talking just equine). Some people have $$$ to invest and maybe are willing to take a flyer on it.
I don’t know Zayat at all. I gotta think he did some level of research on this project and believes maybe it will work. Even the wealthy don’t like just throwing $$ away. And most folks with $$ to invest do some type of research and this, to me, just fits into the high risk investment category. But those high risk investments can also pay off big (yeah, high risk means more often than not they tank but not always ).
Will be interesting to see if the investment $$ comes in and if so, how successful the business will be.
[QUOTE=Where’sMyWhite;8769794]
Again, me on the outside looking in with $0 to invest in anything, much less this
It might work. It sounds wacky for sure but sometimes big profits are made out of ideas that sound wacky (and I’m not talking just equine). Some people have $$$ to invest and maybe are willing to take a flyer on it.
I don’t know Zayat at all. I gotta think he did some level of research on this project and believes maybe it will work. Even the wealthy don’t like just throwing $$ away. And most folks with $$ to invest do some type of research and this, to me, just fits into the high risk investment category. But those high risk investments can also pay off big (yeah, high risk means more often than not they tank but not always ).
Will be interesting to see if the investment $$ comes in and if so, how successful the business will be.[/QUOTE]
The people who are making money in horse racing are the ones who aren’t letting other people make their decisions for them. Once you hand over your money to someone else and let that person spend it at his discretion, you often become the Open Wallet, followed shortly by the Empty Wallet.
[QUOTE=Texarkana;8769562]
In 2015, Zayat made me stop thinking he was a giant twit. Even made me like him a little how he handled having a TC winner. Up until now, he has been uncharacteristically quiet this year. Little did we know he was planning global equine domination. :lol:[/QUOTE]
:lol::lol:
[QUOTE=Texarkana;8769190]
I was reading that article in a fit of insomnia last night. Every line I was incredulously saying, “What??? What!!! He wants to do what?!?”
Dude is off his rocker. Someone needs to take away his ability to make brochures. And exactly what kind of investment firm buys into this? :lol:[/QUOTE]
Apparently Zayat didn’t read Bill Shanklin’s pessimistic article about horse racing circa 2025. New Jersey’s Governor, speaking to horseman the other day at Monmouth Park is quoted “you’ll just have to hang on until another administration.” Even if other state governors are not saying the same, they are thinking it.
Zayat has owned one Triple Crown winner and now he wants to dominate the industry on the heels of a 2010 bankruptcy. The late Warren Wright should be doing flips in his coffin at such a fantasy right now. Zayat is making the slots, along with the daily double, pick 4, and pick 6, look like solid investment opportunities to grow your retirement account.
In any case, if this doesn’t work for Zayat, he is at an age when a “reverse mortgage” is always available.
