1/ST Racing Invests In MyRacehorse Ownership Platform

Experiential Squared (E2), parent company to the popular global racehorse ownership platform, MyRacehorse, today announced a $7 million funding round. The funding round is comprised of several investors led by 1/ST, North America's dominant Thoroughbred racing and gaming company, through its 1/ST RACING & GAMING and 1/ST TECHNOLOGY business divisions. 1/ST RACING & GAMING operates many of the premier racetracks in the United States including Santa Anita Park, Gulfstream Park, Laurel Park, Golden Gate Fields and Pimlico Race Course. 1/ST TECHNOLOGY is horse racing's largest technology company with a portfolio of products and services encompassing 1/ST BET, Xpressbet and AmTote International, world leaders in pari-mutuel and ADW technologies.

Launched in Los Angeles, California in 2018, MyRacehorse has operated on the simple premise of making racehorse ownership easy to try and accessible to a broader audience. Racehorse ownership is an aspiration for millions, but due to high barriers to entry, antiquated securities laws and lack of technology, ownership was previously unattainable for the vast majority.

Using the MyRacehorse app, prospective owners can review, analyze and purchase a fractional share in their desired racehorse for a single one-time payment of as little as $100. The app serves as the primary platform to follow the journey of racehorse ownership via updates from the trainer, jockey and analysts, with direct and instant payouts of prize money.

The platform currently boasts more than 50,000 active owners and 100 active horses who have won over 160 races worldwide with earnings in excess of $20 million. MyRacehorse is predominantly focused on the United States and Australia and has recently expanded to the United Kingdom and Ireland.

“This is the ultimate strategic partnership; having 1/ST RACING & GAMING and 1/ST TECHNOLOGY as the lead investors not only provides us the capital to accelerate growth, but the strategic assets and access to enhance the ownership experience for our 50,000 plus racehorse owners,” said Michael Behrens, Founder and CEO of Experiential Squared and MyRacehorse. “1/ST RACING & GAMING and 1/ST TECHNOLOGY are progressive leaders in all aspects of Thoroughbred racing and have been supportive of MyRacehorse since the beginning. The partnership affirms 1/ST's commitment to growing ownership and further immersing fans in our sport.”

“1/ST's mission to introduce and engage the next generation of fans and owners in innovative and entertaining new ways aligns perfectly with the MyRacehorse concept,” said Aidan Butler, Chief Executive Officer, 1/ST RACING & GAMING. “The ability to become an owner of a Thoroughbred racehorse and to be part of an ownership experience that until now has been inaccessible for many, is truly exciting. We have seen firsthand the success of MyRacehorse and we look forward to helping scale this platform across racing, wagering and beyond.”

The core of the E2 business is a proprietary technology platform that manages compliance, owner experience, content, investing, and financial and tax reporting. E2 operates within global securities regulations to securitize its racehorses, enabling the development of the first truly legal and compliant global racehorse ownership platform serving both accredited and non-accredited investors. Over the last four years, E2 has built a robust and scalable platform to handle scale, and now is focused on feature development, including a move to the blockchain and the launch of a secondary market so owners can trade their shares. This will bring newfound liquidity to a previously highly illiquid industry.

Both MyRacehorse and 1/ST are deeply committed to the well-being of Thoroughbreds after racing, contributing charitable donations to several aftercare organizations and actively participating in the safe transition and long-term placement of retired Thoroughbreds globally.

Legendary businessman Mr. B. Wayne Hughes recognized the early opportunity in the platform investing in seed round funding to become an active partner with his stallion and breeding operation, Spendthrift Farm. “Without the partnership of Mr. Hughes and Spendthrift Farm, we would have never achieved the rapid success that we have,” said Behrens.

Recently, E2 began the process of seeking strategic investors to help the business accelerate its growth with a focus on diversifying into other sports and assets.

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Authentic Full-Brother Down To Debut at Tokyo

In this continuing series, we take a look ahead at US-bred and/or conceived runners entered for the upcoming weekend at the tracks on the Japan Racing Association circuit, with a focus on pedigree and/or performance in the sales ring. Here are the horses of interest for this weekend running at Tokyo and Hanshin Racecourses:

Saturday, June 3, 2023
5th-TOK, ¥13,720,000 ($98k), Newcomers, 2yo, 1600mT
BUSHIN (c, 2, Into Mischief–Flawless, by Mr. Greeley) is a full-brother to 2020 Horse of the Year Authentic, whose dam was offered two months after the latter won the GI Kentucky Derby and just 24 hours following his victory in the GI Breeders' Cup Classic, but was led out unsold on a bid of $4.1 million with this colt in utero at the Fasig-Tipton November Sale. An $800,000 Keeneland September acquisition by trainer Hideyuki Mori on behalf of owner Susumu Fujita, Bushin is kin to a yearling Into Mischief filly named Priceless, and the 16-year-old Flawless foaled another full-sister to Authentic this past Mar. 30. B-Peter E Blum Thoroughbreds LLC (KY)

 

WATCH: Bushin training towards his debut (:48 mark, inside horse)

 

 

Sunday, June 4, 2023
5th-HSN, ¥13,720,000 ($98k), Newcomers, 2yo, 1400mT
BRIGHT AGAIN (f, 2, Practical Joke–Yankee Bright, by Elusive Quality) is bred similarly to the aforementioned Bushin and cost $67,000 at the 2021 Keeneland November Sale. The Valentine's Day foal looks to become the seventh winner from eight to race out of a half-sister to nine-time stakes winner and Grade III-placed Isn't He Clever (Smarty Jones); GSW Adventist (Any Given Saturday; English Group 3 winner Dijeerr (Danzig); and MSW & GSP Sharp Writer (Capote). The third dam Sharp Call (GB) (Sharpen Up {GB}) was responsible for Allen Paulson turf standout Flag Down (Deputy Minister). B-George E Bates Trustee (KY)

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Frankie Dettori ‘Honored’ To Lay Wreath At Lester Piggot Statue On Epsom Derby Day

Frankie Dettori has said he is “honored” to be asked to lay a wreath at the statue of his hero Lester Piggott on Derby Day this Saturday (June 3), as Epsom Downs Racecourse announces it will also be permanently renaming a race in memory of the legendary jockey, who died aged 86 exactly a year ago today.

Piggott rode in The Derby 36 times between 1951 and 1994, winning on a record nine occasions aboard Never Say Die (1954), Crepello (1957), St Paddy (1960), Sir Ivor (1968), Nijinsky (1970), Roberto (1972), Empery (1976), The Minstrel (1977) and Teenoso (1983). Nicknamed 'The Long Fellow', Piggott also partnered six Oaks winners and recorded an unmatched nine victories in the Coronation Cup at Epsom Downs.

In every year going forward, a floral wreath in the colors of Piggott's 1970 Derby winner Nijinsky, the last horse to win the English Triple Crown, will be laid by a current member of the weighing room at the Lester Piggott statue on the Queen Elizabeth II Stand lawn.

In 2023 this will be Frankie Dettori, who will be riding in the Betfred Derby for the final time ahead of his retirement at the end of the season. The wreath-laying will be followed by a minute's applause in the great jockey's memory.

Additionally the £75,000 10-furlong handicap on Derby Day has been permanently renamed the Lester Piggott Handicap Stakes. Betfred will sponsor this contest in 2023.

Frankie Dettori said: “It is an honor to be asked to lay a wreath at Lester's statue on Derby Day. He was a hero of mine who then became a good friend and it's impossible to measure the impact he had on me both as a person and a jockey throughout my life.

“I'm sure it will be a poignant and emotional moment for many reasons and I'm grateful to Epsom Downs for inviting me to lead this year's tributes to Lester on my last Derby Day as a jockey.”

Brian Finch, Chair of Epsom Downs Racecourse, added: “For so many of us, Lester Piggott is synonymous with The Derby and Epsom Downs like no other jockey before or since.

“Lester sadly passed away just six days before The Derby in 2022 and we ran The Derby in his memory.

“For such a distinguished figure in the long history of The Derby and with his unprecedented achievements unlikely to be matched, we felt it was important to establish a permanent annual commemoration and celebration of Lester's life on Derby Day.

“I would like to thank Frankie Dettori for agreeing to lay the wreath in Lester's memory this year ahead of his final ride in The Betfred Derby and I hope the Betfred Lester Piggott Handicap will provide an exciting finish of which Lester would have been proud.”

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Epsom Derby: Irish Champion Jockey Colin Keane Buzzing About Spare Ride White Birch

Spare rides don't get much better than live chances in the Epsom Derby, and four-times Irish champion jockey Colin Keane is understandably excited about having his first ride in the race on Dante Stakes neck runner-up White Birch this Saturday.

Last summer Keane was confirmed only days in the lead up to the Irish Derby, before going on to win that race with Westover. He picked up that ride because of his greater experience of The Curragh, but he has only ridden once before at Epsom and is required this time because the colt's recent partner Shane Foley is needed for Jessica Harrington's similarly-fancied Leopardstown Derby Trial winner Sprewell.

Keane cannot count on being quite so lucky again in this fourth Classic of the QIPCO British Champions Series, but he believes trainer John Murphy's striking grey has plenty going for him in what looks an open race, so he is optimistic.

The 28-year-old, who won an Irish 2000 Guineas on Siskin and an Irish Oaks on Even So, said: “It would be brilliant if it happened again like last year, and hopefully we'll get a good clear run and he'll give a good account of himself.

“It's a race we all want to be riding in and it's a lovely opportunity for me to get. As Shane said, you struggle to find one ride in the Derby and then two came along in the same year for him. It's unfortunate for him, but it's great for me.”

He added: “I've been lucky enough to ride plenty of winners for John and his son George, but I never felt I was certain to get the ride. I was hopeful more than anything. I had a sit on him on Monday morning and gave him a canter, and he seems like an uncomplicated horse, so I'm very much looking forward to it.

“I've only ridden there once before, on a filly of Aidan O'Brien's in last year's Oaks, and the course is so unique that I think you need a horse that jumps and travels, then stays well. It's a very good test of a horse, but he looks a well-balanced, good-moving colt and he's been doing all his best work at the finish both times this year, so you would think he'll stay. He seems to tick a lot of the boxes.”

The Dante often proves the best Derby Trial and the race is also represented by the game Andrew Balding-trained winner The Foxes and by the desperately unlucky-looking third Passenger, for whom the supplementary entry from six-time winner Sir Michael Stoute looks highly significant. My Dear Friend was down the field there after being hampered at the start, and Roger Varian's new recruit King Of Steel didn't run after getting upset in the stalls.

Aidan O'Brien has won the Derby eight times, although only once with Ryan Moore in the saddle, and he has the likely favorite once again in Auguste Rodin, who ended his juvenile campaign with a thoroughly convincing win in Doncaster's Vertem Futurity but beat only two rivals when favorite for the QIPCO 2000 Guineas on his reappearance.

O'Brien will be represented by another two legitimate contenders in Chester Vase runner-up Adelaide River and Dee Stakes winner San Antonio. However, it has long been plain that it has always been about the one horse, and he has dismissed the Guineas – over a trip plenty sharp enough and on unsuitably soft ground – as “a mess of a race” from Auguste Rodin's point of view.

He is happy to put a line through it and clearly still thinks the world of the colt, who he describes as “a collector's item”, since he is by Japanese star Deep Impact out of Oaks runner-up Rhododendron, “probably one of the best Galileo mares ever”.

Excusing what happened at Newmarket he said to the Jockey Club: “Auguste Rodin has very much a middle-distance pedigree and he's a beautiful mover, so good ground and better would be preferred. There were a lot of factors which happened at Newmarket which we couldn't control, and we didn't see anything there to suggest we should veer from our original plan.

“When Little Big Bear galloped into him he wiped out Ryan, and then Ryan was stuck in a pocket in a race with no pace, so many things went wrong. Over a mile everything would have had to have gone his way, and obviously it was the complete opposite. He's always been very special from day one, and nothing has changed our mind.”

Charlie Appleby, successful with Masar (2018) as well as Adayar, relies upon the latter's brother Military Order, who beat Ed Walker's big improver Waipiro in a Lingfield Derby Trial switched to Polytrack after parts of the turf course became waterlogged.

Appleby believes Military Order has the attributes for Epsom and compared him favourably with Adayar. He told Godolphin: “They are both high class, that is clear to see, but Military Order is slightly more athletic than Adayar at this stage of their respective careers. Mentally, as well, he's sharper.”

He added: “For me, the best part of the Lingfield Trial was the final furlong of the race where his stamina came to the fore. When the second came to challenge him you thought it was going to be 'race on' but, in a matter of strides, he put the race to bed because his stamina kicked in.

“He came out of the race very well and we've been very pleased with him since. He's improving week on week physically. He's a mile and a half horse, so you don't expect flashy work. That hasn't changed from his two-year-old days and I wouldn't expect it to change. Like his brother Adayar, he goes out and gets the job done.”

Frankie Dettori's final Derby ride will be the Chester Vase winner Arrest, trained by John and Thady Gosden, and he is excited at having a live chance in the race, as well as in Friday's Betfred Oaks, in which he partners stable-mate Soul Sister.

Dettori, who partnered the colt in a gallop at Epsom last week, said: “The Derby is still our most famous race. When I started my career as a jockey you first want to ride in it and then you want to win it. I've been lucky to win it twice. This is my last shot and at least I'm going in with a great chance.

“We always thought a bit of him last year but he was all frame and no muscle. He's done great over the winter, his home work has been good, and Chester was great. He's growing up, getting stronger, and Chester did him the world of good.

“I've got a live chance. It looks a wide-open Derby. I haven't seen any horse dominate a trial and win by five lengths.”

Only one of the 14 runners is unbeaten, yet he is by no means among the race's leading fancies. The Ralph Beckett-trained Artistic Star has won both of his races, just as last year's Derby winner Desert Crown had, and while significantly more improvement is required, he has a lot more going for him than his odds might suggest.

Beckett acknowledges that encouragement for the bold decision to step last month's Sandown novice winner straight up into Classic company came from the colt's veteran owner Jeff Smith, who had the 2003 Derby fourth Norse Dancer, but he doesn't believe in social runners and has no reservations about his suitability for the test.

Dual Oaks winner Beckett, whose unlucky-in-running 2022 third Westover was just a second runner in the Derby, said: “Artistic Star is a grand, straightforward horse. He was quite a late foal and he's going to carry on developing through the year, but I sincerely hope and suspect that he'll cope with the whole jamboree, as he's a very hardy horse.

“Whether he's good enough I don't know, but Jeff likes his trainers to be on the front foot and he ran to a good figure at Sandown last time. He's not a big horse and he's well balanced, so he should go round Epsom all right. It looks quite open so I'm looking forward to it.”

Charlie Johnston has two chances of winning at the first attempt a race which eluded his father Mark, as besides My Dear Friend he also saddles the much shorter-priced QIPCO 2000 Guineas fifth Dubai Mile.

The colt, who beat Arrest by a head in a ten-furlong Group 1 at Saint-Cloud last year, will be a first ride in the race for last winter's all-weather champion Danny Muscutt, whose star is very much in the ascendant.

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