MyRacehorse Founder Michael Behrens Joins TDN Writers’ Room

As far as marketing for a nascent, unorthodox racehorse ownership venture goes, you couldn’t do much better than a horse carrying your silks into the Churchill Downs infield as the GI Kentucky Derby winner. That’s what Michael Behrens experienced Saturday, as Authentic (Into Mischief), bought into by his MyRacehorse microshare partnership in June, fought off favored Tiz the Law (Constitution) past the Twin Spires to earn the garland of roses. Wednesday, Behrens joined the TDN Writers’ Room podcast presented by Keeneland as the Green Group Guest of the Week to explain MyRacehorse’s business model and how the startup came to own one-eighth of a Derby winner.

“I am not from the racing world, I’ve been in ad tech and marketing my whole career,” Behrens said of his background. “Growing up in Southern California, Santa Anita was 15 minutes away and that’s where we went to decompress after crazy stressful weeks. Go out there with friends, have a couple of drinks and bet a few races. I just loved it as a sport, but was always very intrigued about how we can get more fan engagement. I started looking around and [found that] people who really were energized and excited about our sport were those that had some kind of interest in ownership, either through friends or a partnership, whatever it may be. And I just left that was where we could scale, where we could get mass adoption to appreciate the sport.”

MyRacehorse, which started as a pilot program in California, went national only last July. The company sells .001% microshares in Thoroughbreds with multiple shares available and returns that are deposited into owners’ accounts and can be withdrawn via its app. Previously acquiring stakes in Grade I winner Street Band (Istan) and graded stakes winner Lazy Daisy (Paynter), MyRacehorse stepped into the deep end when buying 12.5% of Authentic after the colt finished second in the GI Runhappy Santa Anita Derby. Behrens credits co-owner Spendthrift Farm’s B. Wayne Hughes with opening the door to that partnership.

“When I wrote the original business plan for this, I looked at the industry to try to figure out who had the personality, the DNA [for the idea],” he said. “B. Wayne Hughes, with his success in business and his innovation with breeding, I just loved his disruptive nature. I actually used to do marketing for Public Storage, one of his companies. I came out and took [Spendthrift General Manager] Ned [Toffey] through the idea. The next day, Mr. Hughes called me back in and we started talking. He wants the sport to continue to thrive and grow, so he loved the concept. We started partnering on a couple of deals and that relationship has only gotten stronger and stronger over time. Now he’s come in as one of our partners. Our relationship with Spendthrift and Mr. Hughes has been critical.”

Elsewhere on the show, the writers reacted to all angles of the Derby, GI Kentucky Oaks and the many impressive undercard and juvenile performances we saw this week. Plus, in the West Point Thoroughbreds news segment, they discuss the bankruptcy filing of Ahmed Zayat and wonder how it went south so quickly for the owner of the first Triple Crown winner in 37 years. Click here to watch the podcast; click here for the audio-only version.

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Breeders’ Cup Presents Connections: Derby Roses For ‘Miss Syl’

Horse racing has long been an integral part of daily life for the neighborhoods near Churchill Downs. Homes full of large, close-knit families surrounded one another, and it seemed everyone knew at least a few people who worked at the track, or later, a few others who owned a couple racehorses. Any time someone got a hot tip on a horse one afternoon, the news spreads like wildfire as the die-hard racing fans gather would beneath the grandstand in an area they called the “snake pit.”

There was camaraderie, a fair bit of rivalry, stories about wagers won (and more stories about those almost won), and if one of the owners' horses was racing that day, there'd be the chance to stand in the paddock and hopefully then in the winner's circle. It was a community beyond that of the racetrack itself, and it had been that way since before 84-year-old Sylvia Arnett can remember.

So, even though spectators were not allowed at this year's Kentucky Derby, the long-time racing fan found a way to use pen and paper to share that community connection with one of the contenders. Much to Arnett's surprise, her sentiment was returned a thousand-fold with a bouquet of red roses even more precious than those on the winner's garland.

Arnett grew up in a house just two blocks from Churchill, which her family still owns today. The youngest of 11 children, she has been watching (and wagering) on races since her earliest Derby day, when Arnett remembers parking cars for a quarter and racing over to the track to get someone to place a bet for her (at six years old, she was too young to do it herself).

Arnett even owned a few racehorses with her late husband, which she recalls was quite a feat for an African-American in the early 1970s, and several members of her family are still involved in the racing business.

For the past 30 years, however, “Miss Syl” has served her community as the owner and operator of the popular Syl's Lounge in West Louisville.

“It's like a 'Cheers' bar, everybody knows everyone, and it's like the 40 and over crowd,” Arnett explained. “They come religiously, and I had gone down to just three days a week, Monday, Wednesday, and Friday, and they'd stay late into the night singing and listening to music.”

The bar has drawn figures like champion boxer Muhammad Ali, former Washington, D.C. Mayor Marion Barry, the first prominent civil rights activist to become chief executive of a major American city, and multiple Grammy Award-winning musical group The 5th Dimension, among many others.

It is simultaneously the kind of place where the community would gather to unwind and where they would go for important local events, including the Kentucky Derby. “Miss Syl” runs it all with the kind of old-school charm and iron wit that makes you feel immediately like part of the family.

This year has been an exception. The coronavirus pandemic has forced the bar to stay shut down since March, so Arnett has found herself with a lot of free time on her hands.

No matter. Tracing back to her roots, she followed this year's delayed Kentucky Derby with even more zealous scrutiny than usual and found herself especially touched by the story of trainer Tommy Drury and his first Derby contender, Art Collector.

“I saw this article in the local newspaper, and it mentioned that he had been working with the horses since he was 18 years of age,” said Arnett. “So, I thought, 'Wow, all that hard work has paid off and he finally made it to the big one. I'm gonna write him a letter and congratulate him.'

“It was something about him, he just worked hard for it and I know what that feels like.”

Her hand-written letter, the first Arnett had ever written to a Derby hopeful, took a slightly convoluted journey across town to get to Drury's barn at Churchill Downs.

As it turns out, Art Collector's groom Jerry Dixon was staying in the same hotel at which Arnett's son is employed. Dixon, a lifetime racetracker, happened to mention to Arnett's son that the colt was going to win the Ellis Park Derby, and after that, hopefully the Kentucky Derby.

“We bet the Ellis Park Derby, bet it good, and won good,” Arnett said, smiling big. “We was ready for the Kentucky Derby, we were gonna put money on the Kentucky Derby!”

Arnett gave the letter to her son, her son gave it to Dixon, and Dixon finally dropped it off at Drury's office at the track.

Unfortunately, Art Collector's eleventh-hour scratch from the Run for the Roses ended the dream prematurely. Though she couldn't have known about the scratch when she penned her letter, Arnett had made the fortuitous decision to include the story of her brother-in-law and his horse that almost ran in the Derby; it became a balm for Drury's disappointment in more ways than one.

Jacob Bachelor was an African-American Thoroughbred trainer by passion, but with a wife and five kids, he worked a day job at International Harvester in Louisville. In 1975, he had a horse named Naughty Jake who won the Spiral Stakes at what was then Latonia (now Turfway Park), and then ran third in the Derby Trial at Churchill Downs.

Arnett, the youngest of 11 children, remembers that most of her family, along with the rest of the neighborhood, wanted Bachelor to enter the horse in the Kentucky Derby, but he didn't have the money for the nomination and entry fees.

“If we had gone around the neighborhood and taken up a collection, I think we would have come close to getting whatever he needed to get that horse in the race, because it was such an exception and such an opportunity for an African-American,” Arnett said. “I just think my brother-in-law should have taken the chance and run that horse. Just think, he would have been the owner and trainer. That would have been something.”

Bachelor had other successes, like winning the 1972 Debutante at Churchill with the filly “Sylva Mill,” named after Arnett and her sister, Mildred. That day, nearly the entire neighborhood gathered in the winner's circle to celebrate the win; it felt like the filly belonged to all of them.

The horses Arnett and her husband owned were never major stakes contenders, but she clearly remembers the feeling of walking into the paddock on race day.

“You would hear people say, 'Those African American people over there, they own that horse!'” Arnett said, closing her eyes and reliving the moment. “Man, we thought we were celebrities. We may not have had much, but those were big days.”

The neighborhood has changed over the ensuing years. Most of the big manufacturing companies have shuttered their doors, homes are now boarded up and in disrepair, and the community has lost a lot of the institutions that used to make it unique. Civil rights movements have grabbed hold of west Louisville, and the entire country, once again.

Nonetheless, Syl's Lounge has persevered.

“Those of us who remember west Louisville when there were movie theaters, restaurants and more strong, stable families” view Syl's as “a throwback to what we used to have,” Rev. Kevin Cosby told the Louisville Magazine in 2018. “And I think maybe psychologically people see in her institution the hope of what is yet possible.”

Arnett has continued to carry out her role as a pillar of her community, even without the physical space of the bar. She calls the regular patrons on a weekly basis, just checking in, and looks forward to a time they can be together in person once again.

When Drury read Arnett's letter, the community sentiment really hit home. He was reminded just how lucky he was to have the horse and the ownership to make it as far as they had, and that Art Collector would go on to fight another day.

Drury, his teenage daughter Emma and her friend Molly Andrews, decided to take a trip to the florist. They picked out a bouquet of red “Derby” roses for Arnett, and sent them over to the extraordinary woman who'd been able to share both Drury's excitement and his disappointment, without ever having met in person.

“I couldn't have been more happy had it been the whole garland of roses,” Arnett said, a sparkle in her eye as she showed off a photograph of her with her bouquet just after it arrived. “As for Mr. Drury, I'm going to write him another letter and tell him it's okay he had to scratch, we'll just have to settle for Black-Eyed Susans on Preakness day!”

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Authentic Vaults To Fourth In Weekly Breeders’ Cup Classic Rankings

Fresh off his dramatic front-running victory in last Saturday's 1 ¼-mile Kentucky Derby (G1), Authentic jumped from No. 11 to No. 4 in the Longines Breeders' Cup Classic Rankings, while top-rated Maximum Security increased his lead over Derby runner-up Tiz the Law. The 2020 Longines Breeders' Cup Classic Rankings is a weekly poll of the top 10 horses in contention for the $7 million Longines Breeders' Cup Classic (G1). The 1 ¼-mile Classic, scheduled to be run on Nov. 7 at Keeneland Race Course in Lexington, Ky., is the climactic race of the Breeders' Cup World Championships.

The Longines Breeders' Cup Classic Rankings are determined by a panel of leading Thoroughbred racing media, horseplayers and members of the Breeders' Cup Racing Directors/Secretaries Panel. Rankings will be announced each week through Oct. 13. A list of voting members can be found here.

Authentic, owned by Spendthrift Farm, MyRaceHorse Stable, Madaket Stables and Starlight Racing, gave Hall of Fame trainer Bob Baffert a record-tying sixth Kentucky Derby win. The 3-year-old son of Into Mischief defeated Sackatoga Stable's odds-on favorite Tiz the Law by 1 ¼ lengths in 2:00.61 under Hall of Fame jockey John Velazquez.

Authentic (167 votes) earned a Breeders' Cup Challenge automatic berth into the Longines Breeders' Cup Classic when he won the TVG.com Haskell Stakes (G1) at Monmouth Park on July 18. Now with five wins in six starts, Authentic is slated to run next in the “Win and You're In” Preakness Stakes (G1) at Pimlico Race Course on Oct. 3.

Gary and Mary West, Michael Tabor, Mrs. John Magnier and Derrick Smith's Maximum Security (238 votes) widened his lead to 58 points over Tiz the Law in the Longines Breeders' Cup Classic Rankings. The 4-year-old bay son of 2013 Breeders' Cup Juvenile winner New Year's Day won the inaugural Saudi Cup, the San Diego Handicap (G1) and the TVG Pacific Classic (G1) this year. Trained by Bob Baffert, Maximum Security earned 16 first-place votes this week.

Tiz the Law (180 votes) holds onto second place in the Longines Breeders' Cup Classic Rankings after suffering his first defeat this year after dominant wins in the Holy Bull (G3), Florida Derby (G1), Belmont Stakes (G1) and the Runhappy Travers (G1). The New York-bred son of Constitution could bypass the Preakness and train up to the Longines Breeders' Cup Classic.

GMB Racing's 7-year-old Tom's d'Etat (179 votes), winner of the Stephen Foster (G2) for trainer Al Stall Jr., remained in third place.

Following Authentic in fifth place is the 4-year-old Improbable (162 votes), the third Baffert-trained horse in the top five. Owned by WinStar Farm, CHC Inc., and SF Racing, Improbable captured the Hollywood Gold Cup Stakes (G1) and the “Win and You're In” Whitney (G1) at Saratoga this year.

The sixth-ranked horse is Allied Racing Stable's By My Standards (114 votes), who won his third graded stakes race of the year with an impressive score in last Saturday's 1 1/16-mile Alysheba (G2) at Churchill Downs for trainer Bret Calhoun.

W.S. Farish's 4-year-old Code of Honor (63 votes), trained by Claude R. “Shug” McGaughey III, remains in seventh place. The 4-year-old chestnut son of Noble Mission (GB) won the Westchester Stakes (G3) and was fourth in the Whitney in his last start.

Bruce Lunsford's Art Collector (53 votes), scratched from the Kentucky Derby early last week due to a minor foot issue, drops from sixth to eighth place. Trained by Tom Drury Jr., Art Collector, the Ellis Park Derby and Toyota Blue Grass Stakes (G2) winner, is a candidate for the Preakness Stakes.

The final two spots in the Longines Breeders' Cup Classic Rankings are completed by the top two finishers in Saturday's Woodward (G1) at Saratoga, Global Campaign and Tacitus.

Sagamore Farm and WinStar Farm's 4-year-old Global Campaign (41 votes) enters the top 10 for the first time at No. 9 after taking the Woodward by 1 ¾ lengths for his third win in four starts this year. Trained by Stanley Hough, Global Campaign won the Monmouth Cup (G3) prior to the Woodward.

Juddmonte Farms' Tacitus (39 votes), trained by Bill Mott, drops from eighth to 10th place.

Longines Breeders' Cup Classic Rankings –  Sept. 8, 2020*

RANK HORSE TOTAL VOTES FIRST-PLACE VOTES
1 Maximum Security 238 16
2 Tiz the Law 180 4
3 Tom's d'Etat 179 5
4 Authentic 167 0
5 Improbable 162 0
6 By My Standards 114 0
7 Code of Honor   63 0
8 Art Collector   53 0
9 Global Campaign   41 0
10 Tacitus   39 0

*Note – The Longines Breeders' Cup Classic Rankings have no bearing on qualification or selection into the Longines Breeders' Cup Classic.

In the Longines Breeders' Cup Classic Rankings, each voter rates horses on a 10-9-8-7-6-5-4-3-2-1 system in descending order.

The 2020 Longines Breeders' Cup Classic will be televised live on NBC.

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Authentic Ascends To The Lead In NTRA Top 3-Year-Old Poll

At every point of call in the 146th edition of the Kentucky Derby, Authentic found himself in front of his sophomore rivals. When the votes were tallied in the latest National Thoroughbred Racing Association (NTRA) Top Three-Year-Old Poll, the son of Into Mischief was again the one who could not be caught as he takes over sole position of the No. 1 spot from longtime leader Tiz the Law.

Authentic, who last held the top spot in the poll on March 23, captured the September 5 Kentucky Derby in frontrunning style, besting heavily favored Tiz the Law by 1 ¼-lengths. The victory not only provided Hall of Fame trainer Bob Baffert his record-tying sixth triumph in the 10-furlong classic, it earned Authentic 21 first-place votes and 354 total points as he improved his overall mark to five wins from six career starts.

Owned by Spendthrift Farm, My Racehorse, Madaket Stables, and Starlight Racing, Authentic previously annexed the Grade 1 Haskell Stakes on July 18 for his first top-level triumph. He and stablemate Thousand Words, who was a late scratch in the Kentucky Derby after rearing and falling the paddock, are both expected to contest the Preakness Stakes at Pimlico Race Course on October 3.

“If they're working well and all going well, they'll go to the Preakness,” Baffert said from Churchill Downs on Sunday. “We're planning on both if they're doing well.”

The Kentucky Derby marked the first loss for Tiz the Law since last November but the Grade 1 Belmont and Travers Stakes winner didn't lose much regard among pundits. The son of Constitution still earned 16 first-place votes and 349 points this week as he dropped one spot to second.

Blue Grass Stakes winner Art Collector, who had to miss the Kentucky Derby due to a minor foot injury, ranks third with 259 points, just ahead of Honor A. P. (258 points), who finished fourth in the “Run for the Roses.”

Kentucky Oaks runner-up Swiss Skydiver (134 points) ranks fifth followed by Thousand Words (131), and Oaks heroine Shedaresthedevil, who joins the top 10 in the seventh spot with 90 points.

Max Player, fifth in the Kentucky Derby, sits eighth with 85 points as King Guillermo (79 points), and beaten Oaks favorite Gamine (72) complete the top 10.

With Authentic taking over the top spot in the sophomore ranks, Baffert now trains the No. 1 ranked horses on both weekly polls as champion Maximum Security continues to hold down first place in the NTRA Top Thoroughbred Poll.

The 4-year-old son of New Year's Day earned 26 first-place votes and 340 points to maintain the lead position in the wake of his most recent triumph in the August 22 Grade 1 Pacific Classic Stakes.

Multiple Grade 1 winner Vekoma remains in second with 8 first-place votes and 260 points followed by Tom's d'Etat (3 first-place votes, 232 points) and fellow Grade 1 winner Improbable (198 points).

Champion Monomoy Girl moves up to fifth with 197 points after capturing the Grade 1 La Troienne Stakes on September 4, her third victory in as many starts this season. By My Standards, who won the Grade 2 Alysheba Stakes on the Oaks undercard, advances four positions to sixth with 150 points followed by champion Midnight Bisou (146 points) and Tiz the Law (128). Authentic joins the Top Thoroughbred Poll for the first time in ninth with 111 points as multiple Grade 1 winner Rushing Fall (78 points) rounds out the top 10.

The NTRA Top Thoroughbred polls are the sport's most comprehensive surveys of experts. Every week eligible journalists and broadcasters cast votes for their top 10 horses, with points awarded on a 10-9-8-7-6-5-4-3-2-1 basis. All horses that have raced in the U.S., are in training in the U.S., or are known to be pointing to a major event in the U.S. are eligible for the NTRA Top Thoroughbred Poll. Voting in both the Top Three-Year-Old Poll and the Top Thoroughbred Poll is scheduled to be conducted through the conclusion of the Breeders' Cup in November.

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