Sugar Cane Stables: Carbon Races and Kiddo Has a Workout

Thursday, January 14, 2010

Carbon Races and Kiddo Has a Workout

Carbon Blue finished 4th tonight covering 6 1/2 furlongs at Delta Downs. He showed improvement and promise as he encountered some traffic trouble in the first turn. He knew he was in a race tonight and showed a lot of heart finishing strong. We expect him to be in the winners circle very soon.

http://www.equibase.com/static/chart/pdf/DED011410USA5.pdf

Promissory Kid continued his conditioning with a very strong 4 furlong breeze from the gate. He went with 2 other horses and dominated them. We are very pleased with his efforts as he awaits his next race. If all goes well it should be next weekend.

http://www.equibase.com/static/workout/DED011410USA-EQB.html

Thanks for all your support.

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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.