Sugar Cane Stables: The youngsters are getting close!

Thursday, August 4, 2011

The youngsters are getting close!

Sugar Cane Stables currently has 4 two year olds in-training, all have shown promise and continue to train forwardly for their summer debut!

Normarae's Payday by Rainmaker out of Trick er Treat, should be the first to take the track. She's got one more work and will be entered. The new book at La. Downs is pretty light on races that fit her conditions but we'll get her in a race sometime in August.

Bobbi's Gamble by Golden Slew out of MY K P, should be ready late August - early September. She's worked well and continues to do what is asked in the mornings.

Geaux Cat Geaux by Storm Day out of Twilight Tango posted his first official work today, he did fine and will get some company next time out. Look for him to also make this debut in early September.

Franchise Maker by Storm Day out of Miss Glaring could be the best of them all but is developing a bit slower and we are taking our time to get him ready. Look for him to make his debut at Delta Downs in early November.

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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.