Sugar Cane Stables: Kiddo Blow's Turn first out.

Sunday, September 6, 2009

Kiddo Blow's Turn first out.

Promissory Kid showed his athleticism as well as his inexperience in his first race on Saturday night. After a tough break he made his way up to 5th just a couple of lengths off the lead and then blew the turn heading for home. Our Jockey Josh Romero said afterward he thought the race was his to win just before failing to change leads and completely blowing the turn.

Today as precautionary measure we had both legs x-rayed, all were negative but Kiddo did have a pretty good knot on his right shin. It is our opinion that he either hit the gate or got kicked in his shin early in the race.

PK has the will to win and the ability to win. He gets a bit of a break as the meet ends at Evangeline tomorrow and the stable will be moved to Delta Down on Sept 17th. The Delta meet opens mid-October.

View race by selecting the link below: (September 5th Race 2)

http://www.evangelinedowns.com/RACETRACK/ArchivedRaceReplays/tabid/385/Default.aspx

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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.