Sugar Cane Stables: Promissory Kid Enters Training

Sunday, March 15, 2009

Promissory Kid Enters Training

Promissory Kid shown here telling everyone he's ready to leave the farm was placed in training on March 14th, 2009. He is the first major racing prospect to compete for Sugar Cane Stables on behalf of Main Street Thoroughbred Group.

Legendary trainer Amos Laborde will guide "Kiddo's" career at the track. We are extremely pleased to have Mr. Laborde and his team working with Promissory Kid. Mr. Laborde is rank nationally with horses finishing in the money and brings 50 years of experience.

Look for Promissory to make his first start early this summer.

1 comment:

UnknownMarch 29, 2009 at 2:22 PM
Looking Good Tim K. Hope all goes well!!
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Our Plan:

Provide a strategic, unique, long-term approach to Horse Racing Ownership. Unlike syndicates that involve the purchase of racing stock, markups, management fees, or pre-racing development costs. Investors will only be responsible for expenses associated with the actual track training of Sugar Cane Stables. Racing stock will be leased to Sugar Cane Stables for $1.00 all leases are for 90 days and must be renewed quarterly at the quarterly shareholder meetings. By not buying the racing prospect the overall risk is greatly diminished to our investors. Our commitment to investors is simply provide racing prospects without the upfront cost of horse ownership. Potential Estimated Monthly Maintenance and Training Costs

Potential Estimated Monthly Maintenance and Training Costs:

The approximate monthly costs for a 2-3 year-old horse in training break down as follows:

Trainer – $50 a day (called the “day rate”), approximately $1500 a month. This covers salaries for stable employees, worker’s comp, the trainer’s fee, and other professional costs. Trainers’ day rates vary.
Vet – $300 a month
Blacksmith – $200 a month
Stable Supplies – $100 a month
Vanning – $200 a month
Medication – $400 a month
Schooling, stable bonuses, and other miscellaneous costs – $80 a month

Additional Thoroughbred Expenses:

If the horse wins a purse in a race, the owner generally pays additional expenses out of those purse earnings. These expenses include:

Jockey Fees – these fees range according to the finish and usually are 10% of the purse for first; 5% of the purse for second and third; $90 for an unplaced mount.
Trainer’s Commission – 10% of all money earned by the horse (in addition to the daily rate).
Backstretch Pension –1% of the purse earned
Jockey Injury Fund –.7% of the purse earned
Backstretch Insurance and Jockey Club fee -- $15 per race
Barn Commission – a gratuity to the help at the barn, usually 2% of the purse.
Additional Fees – such as nomination expenses and entry fees.

Sunday, March 15, 2009

Promissory Kid Enters Training

1 comment:

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Our Plan:

Potential Estimated Monthly Maintenance and Training Costs:

Additional Thoroughbred Expenses:

Contact Us: (330)907-8328