OwnerView Names MyRacehorse New Owner of the Year

OwnerView announced Monday that MyRacehorse, an ownership group where individuals can purchase microshares in Thoroughbreds, has been named the 2020 New Owner of the Year. Presented by New York Thoroughbred Breeders, the award will be given during the seventh Thoroughbred Owner Conference, to be held virtually Nov. 3-4 due to the COVID-19 pandemic.

“MyRacehorse launched nationally in June 2019 with aspirations of making a real impact on the sport of horse racing,” said Michael Behrens, founder and chief executive officer of MyRacehorse. “We were confident it would happen, but never in our wildest dreams did we expect it to happen so quickly. Winning this award, especially considering the innovators that have won it previously, is truly the icing on the cake to a surreal and magical year for MyRacehorse.”

Included among the horses MyRacehorse has partnered in is GI Kentucky Derby winner Authentic (Into Mischief). Previous winners of the New Owner of the Year Award have included Larry Best, Churchill Downs Racing Club, Charles and Susan Chu, Sol Kumin, and LNJ Foxwoods.

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OwnerView Names MyRacehorse 2020’s New Owner Of The Year

OwnerView announced today that MyRacehorse has been named the 2020 New Owner of the Year, presented by New York Thoroughbred Breeders. The award recognizes a new Thoroughbred owner who has been successful in the sport and has had a positive impact on the industry.

The award will be presented during the seventh Thoroughbred Owner Conference, which will be held virtually November 3-4, 2020.

MyRacehorse is a novel ownership concept whereby individuals can purchase United States Securities Exchange Commission-approved microshares in Thoroughbred racehorses. Since its founding, it has partnered in horses such as Kentucky Derby winner Authentic and grade 1 winner Street Band.

“MyRacehorse launched nationally in June 2019 with aspirations of making a real impact on the sport of horse racing,” said Michael Behrens, founder and chief executive officer of MyRacehorse. “We were confident it would happen, but never in our wildest dreams did we expect it to happen so quickly. Winning this award, especially considering the innovators that have won it previously, is truly the icing on the cake to a surreal and magical year for MyRacehorse.”

“MyRacehorse has revolutionized horse racing to make the ownership experience more accessible than ever,” said Gary Falter. “OwnerView's mission is to grow Thoroughbred racehorse ownership, and we are pleased to honor a group that has brought thousands of owners to the pinnacle of our sport.”

The New Owner of the Year Award has been previously presented to Larry Best, the Churchill Downs Racing Club, Charles and Susan Chu, Sol Kumin, and LNJ Foxwoods.

The Thoroughbred Owner Conference is being held virtually this year due to the COVID-19 pandemic. For more information about the owner conference, including the full schedule of panels and registration, please visit ownerview.com/event/conference or contact Gary Falter at gfalter@jockeyclub.com.

OwnerView is a joint effort spearheaded by The Jockey Club and the Thoroughbred Owners and Breeders Association to encourage ownership of Thoroughbreds and provide accurate information on aspects of ownership such as trainers, public racing syndicates, the process of purchasing and owning a Thoroughbred, racehorse retirement, and owner licensing.

The need for a central resource to encourage Thoroughbred ownership was identified in the comprehensive economic study of the sport that was commissioned by The Jockey Club and conducted by McKinsey & Company in 2011. The OwnerView site was launched in May 2012.

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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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Preakness Next Stop For Authentic: ‘We Want To Give Him Every Opportunity’

Spendthrift Farm, MyRaceHorse Stable, Madaket Stables and Starlight Racing's Authentic, upset winner of Saturday's Kentucky Derby (G1), and beaten favorite Tiz the Law could be headed for a rematch in the 145th Preakness Stakes (G1) Saturday, Oct. 3 at Pimlico Race Course in Baltimore, Md.

Trainer Bob Baffert said Sunday morning that Authentic emerged from his front-running 1 1/4-length triumph in good shape and would remain in Kentucky with fellow Hall of Famer D. Wayne Lukas to prepare for the Preakness, presented this year as the final jewel in a refashioned Triple Crown.

Due to the ongoing coronavirus pandemic, all three Triple Crown races were rescheduled and the order adjusted starting with the Belmont (G1), typically the final leg, from June 6 to June 20. The original dates for the Derby and Preakness were May 2 and May 16, respectively.

“I couldn't believe it. I thought he'd be a little tired, but the track was in really good shape and it was fast and he got over it really well,” Baffert said. “They were planning on leaving tomorrow for California but being that the Preakness is a few weeks away, I thought it might be a little too hard for him to go back.

“We'll just run him out of here,” he added. “If he's working well and all is going well, then he'll go to the Preakness. We want to give him every opportunity.”

Baffert said that 2020 Robert B. Lewis (G3) and 2019 Los Alamitos Futurity (G2) winner Thousand Words is also being pointed to the Preakness. Albaugh Family Stables and Spendthrift's Thousand Words flipped in the paddock after being saddled for the Derby and was scratched.

“We're planning on sending both if they're doing well,” Baffert said. “He didn't even have a scratch on him. He fell on his side, so we were fortunate.”

Authentic won the Sham (G3), San Felipe (G2) and Haskell (G1) and was second in the Santa Anita Derby (G1) this year. The Kentucky Derby was the first time in six career starts that the bay Into Mischief colt didn't go off as the favorite.

That role was filled by Sackatoga Stable's Tiz the Law, who had been unbeaten during his 3-year-old season with wins in the Holy Bull (G2) and Florida Derby (G1) at Gulfstream Park over the winter, the Belmont and most recently the 1 1/4-mile Travers (G1) Aug. 8 at Saratoga.

Trained by Barclay Tagg, Tiz the Law got within a head of Authentic with a quarter-mile to run but was never able to get by. Tiz the Law's only two losses in eight starts have come at Churchill; he was third by less than a length over a sloppy track in the Kentucky Jockey Club (G2) last fall.

“I haven't seen a speed figure but it sounds like he bounced a little bit off the big Travers effort, and Barclay has a question that maybe he just really doesn't like the racetrack,” Sackatoga managing partner Jack Knowlton said Sunday. “Watching him finish, he said he was kind of swimming a little bit maybe coming down the stretch. But, he ran the race that we were looking for. He got the trip. [Jockey] Manny [Franco] gave him a great ride and he just didn't beat one horse. There's no shame in running second in the Kentucky Derby.”

Knowlton said Tiz the Law is scheduled to fly back to Belmont Park on Tuesday. While he is leaning toward going on to the Preakness, the final decision will come after talking to Tagg and ultimately will rest with the horse.

“He ran good and came out of it great. I was over at the barn this morning and all is well,” Knowlton said. “I'll have that discussion with Barclay and we'll take a little time to see. My thinking is that we will, but we'll have the horse dictate what's going to happen. Certainly that would be my preference but we've just go to see how he comes out and see how he works when we have the next work in a couple weeks. We'll have time for a couple works.”

Trainer Bret Calhoun said following the Derby that Mr. Big News, who ran third at odds of 46-1, was likely headed to Baltimore. Mr. Big News earned an automatic berth in the Preakness by virtue of his victory in the April 11 Oaklawn Stakes at Oaklawn Park.

Three horses that were scratched from the Derby the week of the race are also being pointed to the Preakness – Tampa Bay Derby (G2) winner King Guillermo, Blue Grass (G2) and Ellis Park Derby winner Art Collector, and Finnick the Fierce, third in the Arkansas Derby (G1) who beat Tiz the Law by a head when second in the Kentucky Jockey Club.

Among other potential Preakness horses are Mystic Guide and Dr. Post, respectively first and fourth in Saturday's Jim Dandy (G2) at Saratoga; Manitoba Derby winner Mongolian Wind, entered in Monday's Gold Cup Stakes at Assiniboia Downs in Winnipeg; Lebda, winner of the Miracle Wood and Private Terms at Laurel Park over the winter and most recently third in the Robert Hilton Memorial Stakes Aug. 28 at Charles Town; Pneumatic, last out winner of the Pegasus Stakes Aug. 15 at Monmouth Park and fourth in the Belmont for Hall of Fame trainer Steve Asmussen; and the Baffert-trained Azul Coast, winner of the El Camino Real Derby Feb. 15 at Golden Gate and second to Authentic in the Sham.

The $100,000 Federico Tesio Monday at Laurel Park is a 'Win and In' qualifier for Triple Crown-nominated horses to the Preakness. Happy Saver, undefeated in two career starts for trainer Todd Pletcher, is the 1-2 program favorite for the 1 1/8-mile Preakness prep.

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