12 MILLION DOLLARS PEGASUS WORLD CUP INVITATIONAL 2017

A nice little piece on California Chrome in the Raceing Post headlines news this morning.

theres prob good  money back all the places?

One is a multiple award-winning owner and breeder who conceived the race and owns the racetrack that will hold it. Another is an ex-trainer who recently made a quick fortune in the ship-repair industry. Another has owned two Kentucky Derby winners, including this year’s victor, Nyquist. Yet another is a 32-year-old Northern Kentucky pizza-joint owner who says he has never before had any investment of any kind in any racehorse ever.

They are all among the motley crew of one dozen individuals or partnerships who have committed to spend $1 million for a starting slot in the inaugural $12 million Pegasus World Cup, scheduled to be run on Jan. 28 at Gulfstream Park in Hallandale, Fla. Put together in a matter of months earlier this year, the Pegasus is the latest brainchild of the billionaire racing titan Frank Stronach, and the race’s current cast of characters are perhaps as unusual as the conditions of the race itself.

Some are well known. Stronach himself bought a slot, through the family-owned racing company he controls, The Stronach Group. Jack Wolf, who was hired by the Stronach Group to run the race, bought a slot as well, through a partnership comprised mostly of investors in the racing partnership he runs. Then there are the owners of the top-class horses California Chrome, Runhappy, and Nyquist, and the principals behind the global racing and breeding operation Coolmore.

Most uniquely, buyers of the Pegasus starting berths can sell or lease the slots to other people, a feature that has no precedent in racing history. In addition, each owner of a berth will receive a one-twelfth share in the net revenue that the race generates in wagering, sponsorships, and media rights – also unprecedented. Completely separate from the right to start a horse, the initial investors have also been given the right of first refusal to buy a berth for the race in 2018, with the option expected to carry over for every year that it is exercised.

“I thought it was a unique concept to own a race for one day, to own the track, so to speak, to have a hand in all the handle and the media and ads and everything for one race,” said Dean Reeves, a Georgia resident with a small stable whose best runner has been Mucho Macho Man, the winner of the 2013 Breeders’ Cup Classic. “I don’t look at this as a one-shot deal. I’m in for the long term.”


Coolmore sold theirs to Arrogate

ARROGATE good winner 6/5