A kinder, gentler Horse Hedge Fund?

[freddymo]

Originally Posted by alphanumeric1

From the Wall Street Journal:
They're Off: Trainers to Start Horse Fund
By Jon Weinbach

Three of thoroughbred racing's most-successful trainers are teaming up for a venture that will buy, train and sell horses for investors in a move that underscores the rising costs of the sport and comes on the heels of Triple Crown buzz.

The Thoroughbred Legends Racing Fund, which is to be announced Monday, aims to raise $75 million to $125 million by late August and create a 100-horse stable within three years. The horses will be selected and trained by D. Wayne Lukas, Bob Baffert and Nick Zito, ...

Poor Zito what in the world has he gotten himself into...Isn't legends another way of saying has beens which Zito clearly is NOT..

[blackthroatedwind]

You're way wrong on this one Freddy.

[jms62]

Originally Posted by blackthroatedwind

You're way wrong on this one Freddy.

That can be taken 2 ways..

1. Zito is a has been.

2. Baffert and Lukas are NOT....


I would say it is #2 because Zito is clearly NOT a has been and once again he beats me out of a Super in the 3rd/4th slots with Anak Nakal....

[freddymo]

Originally Posted by jms62

That can be taken 2 ways..

1. Zito is a has been.

2. Baffert and Lukas are NOT....


I would say it is #2 because Zito is clearly NOT a has been and once again he beats me out of a Super in the 3rd/4th slots with Anak Nakal....

neither BTW thinks its a good idea to start the fund he knows I don't think any of these HOF trainers are superior horseman

[blackthroatedwind]

Originally Posted by freddymo

neither BTW thinks its a good idea to start the fund he knows I don't think any of these HOF trainers are superior horseman

Can you translate this?

[GBBob]

or, this could be set up so it's an incredible financial opportunity for Zito. I may be way off base, but it seems that he will be the key man in that group and may be compensated accordingly.

[freddymo]

Originally Posted by GBBob

or, this could be set up so it's an incredible financial opportunity for Zito. I may be way off base, but it seems that he will be the key man in that group and may be compensated accordingly.

I am a Zito guy.. And one can make the argument that trainers have to juggle the common interests of several owners all the time.. The difference to me is agenda.. With 100mil the agenda is not going to be racing in anything but Graded stakes(save the preps etc.)..saving 100mil can be intoxicating for someone to have. Ask IEAH and there 5 mil they paid for Court Fees

[ELA]

Already, absent of all facts, everyone has the fund pegged with all of the problems, conflicts of interest, and so on. Just look at the mindset around here. Come on.

This doesn't have to be "anything" that people say it is. Any trainer doesn't have to be "anything" just because someone said so -- has been, not, etc.

Eric

[freddymo]

Originally Posted by ELA

Already, absent of all facts, everyone has the fund pegged with all of the problems, conflicts of interest, and so on. Just look at the mindset around here. Come on.

This doesn't have to be "anything" that people say it is. Any trainer doesn't have to be "anything" just because someone said so -- has been, not, etc.

Eric

Just me not everyone... It's sort of like making a theme park with dinosaurs no matter how many things you think of in advance something is bound to go very wrong. It's a round peg trying to go in a square hole.. I am guessing professional folks are trying to bring honor to the sham of IEAH and still earn a fair buck. The people and effort aren't the issue it's the execution that will be the down fall.

[freddymo]

Originally Posted by blackthroatedwind

You're way wrong on this one Freddy.

Perhaps...I really don't get how these funds will help do anything but create my Tom Foolery and scandal. How in the world are three horseman running private operations going to be able to determine when they are buying and or selling a horse for or against themselves.. Not that any of these people are bad or will want to hurt anyone as i am sure the intentions are the very best.. I have my concerns:Lapenta likes a colt because Zito says so, Earnhardt likes the same colt because baffert says so and Lukas on behalf of the fund likes him as well... Houston we have a potential problem...I used the names I know they aren't meant to be anything other then a reference point and are mentioned without any malice.

[blackthroatedwind]

Originally Posted by freddymo

Perhaps...I really don't get how these funds will help do anything but create my Tom Foolery and scandal. How in the world are three horseman running private operations going to be able to determine when they are buying and or selling a horse for or against themselves.. Not that any of these people are bad or will want to hurt anyone as i am sure the intentions are the very best.. I have my concerns:Lapenta likes a colt because Zito says so, Earnhardt likes the same colt because baffert says so and Lukas on behalf of the fund likes him as well... Houston we have a potential problem...I used the names I know they aren't meant to be anything other then a reference point and are mentioned without any malice.

Have you read the article or do you know anything about this fund?

[freddymo]

Originally Posted by blackthroatedwind

Have you read the article or do you know anything about this fund?

Yes looking to get the red herring to comb thru it thoroughly.. I am troubled that horses are entering Wall St. The world were horses trade, and race is not regulated and that is the part that scares me. This could be the beginning of the end.

[hoovesupsideyourhead]

[quote=freddymo]horseman running private operations going to be able to determine when they are buying and or selling a horse for or against themselves..see bobby frankle and his boy reid.. whats the difference.. these three are at least the best you could have imo