Sugar Cane Stables: Carbon Blue works 4 from the gate

Saturday, November 21, 2009

Carbon Blue works 4 from the gate

Carbon Blue took another step towards his maiden debut this morning covering 4 furlongs from the gate in 51 seconds. It was pouring down rain but Carbon still got his turn to shine as he and 4 other horses trained over the Delta Downs strip.

Carbon broke slowly as this was his first official work from the gate but quickly reeled in the other horses to finish strong. Ridden for the first time by Edwin Maldanodo, Carbon really impressed the seasoned jockey. "Other than the poor break he showed a lot of maturity and he has a lot of speed!" expressed Maldanodo.

We are very pleased with this colts progress and believe he is going to be an accomplished athlete for SCS. He should get a couple more works and then make his debut in early December.

Promissory Kid should breeze 3 furlongs on Tuesday and he is doing very well training for his return to the races.

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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.