T-Bred Fractional Ownership Story
Quote from Senator Blutarsky on September 12, 2024, 8:57 PMI'm sure you all heard, know this exists too - T-Bred Fractional Ownership - hit or miss. I'm not going to endorse anyone. I did know a guy who did similar to what you've all done with TheStable.ca
He said the cost to do his laundry done for the year was the cost for a stake in Mage (I don't think he even owned 1% like minimum y'all can invest - but a very small stake, proportional expenses and access and thrills), the 2023 Kentucky Derby winner, and a placer in multiple graded stakes races. Mage had several owners including fractional group with sub fractional owners.
https://en.wikipedia.org/wiki/Mage_(horse)
https://www.pedigreequery.com/mage6
"“That's why I say Mage was like a gift from above,” said Brian Doxtator, co-founder and CEO of Commonwealth Racing, the “fractional investment platform” that, along with 391 micro-investors who bought in via its app, owns 25 percent of Mage." - Dave Sheinin article, The Washington Post
Mage kind of a weird name actually means - Magician.
Let's say after horses expenses the horse went from $2.5 mil in earnings to $1.8mil then we x by 25% = $450,000 / into 391 = $1150, plus he is a horse at stud for a fee of $25k, and if his progeny do great the sky's the limit!
After his Derby win it looked like a never ending ant trail heading to the winners circle.
Quote from pcmark15 on September 12, 2024, 9:30 PM
After his Derby win it looked like a never ending ant trail heading to the winners circle.
That was hilarious!!!!...You got that right, thank goodness he only won his maiden and the KYD! And this ain't all of them I suspect that were hundreds watching from afar lol from their devices and living room!
