Sugar Cane Stables: Good News and Horse News

Monday, December 21, 2009

Good News and Horse News

All:

Saturday Night was one of extreme highs and extreme lows but in the end our stable was much stronger.

It started with Carbon Blue our two year old colt going 5 furlongs in his first start. He broke slow from the gate but came back and finished 5th beaten by 6 1/2 lengths. This was a very competitive race and we were very pleased with Carbon's overall performance.

In the night cap, Promissory Kid was suppose to run in the 10th but was scratched at the gate. It was a very nervous time for all of us as he loaded first and was doing fine. After a couple of minutes he raised up hung his bridal on the gate and went to his knees. We were all stunned. They had to back the other horses out and opened the gate. Promissory Kid was caught under the front of the gate. It looked traumatic but in the end he was fine.

To watch Carbon Blue's race replay: copy the link below into your browser.

mms://66.209.93.118/Replays2009/200912192053DTN5.wmv?CUST=Delta&TICKET=ac1fb83e2c9d74ea9f5c09c27b99f1cd%7C1261750127%7C300%7C%2A%7CDelta%7C1000%7C0%7C0

No comments:

Post a Comment

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.