Sugar Cane Stables: Saturday Night Racing for Sugar Cane Stables

Wednesday, February 17, 2010

Saturday Night Racing for Sugar Cane Stables

Let's hope Saturday Night is the right night for our athletes as they both return to racing at Delta Downs. Carbon Blue with stretch out to 1 mile and Promissory Kid will turn back to 5 furlongs. It has been difficult finding a race for both horses but Delta Down this week went from 10 races per card to 11 races per card and increased purses 30%. This could aid in getting both horses another start prior to the end of the Delta meet on March 20th.

Carbon Blue looks to be in a good spot with his main competition coming from Hackberry-he finished 3rd to Carbon's 4th in his last race. Our goal is for Carbon Blue to improve with an in the money finish. Stretching out to 1 mile could be a big plus for Carbon as he will be closing very strong.

Promissory Kid will turn back from 6 1/2 furlongs to 5 furlongs and draws the 5 post. He has the speed to cover the short distance. He will need a clean break and race to show his potential. Our goal for him is to earn his first paycheck by running a professional race and coming home healthy.

If all goes well Sugar Cane Stable's athletes and owners could have a big night.

Click on the link below to follow see all entries:

Carbon Blue
http://equibase.com/static/entry/DED022010USA-EQB.html#RACE5
Promissory Kid
http://equibase.com/static/entry/DED022010USA-EQB.html#RACE11

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.