We are down to the last few posts for the Club!
September was a quiet month financially. Dancing Yodeler was sold at the end of the month to Left Coast Thoroughbreds, a newly formed syndicate composed of current ERC members and their friends and family. They plan to lay Yodeler up for the winter and race him again next year in the barn of Sharon Ross. So if you are in the Club next year, you’ll likely see a familiar white blaze in the barn expecting some attention.
Because Yodeler did not race in September, there was no income besides his sale.
For expenses we had a lighter training bill because we were paying layup rate on Anelina for the entire month, and then started paying layup rate on Yodeler as well once it was determined he wouldn’t get in for the last weekend.
Vet bill was only $60 reflecting Anelina’s vaccination, and the worming was included on the training bill.
The party was the largest expense at $5,058.95 for 115 people. This was a guessing game as we had 150 people RSVP, had to guarantee at 115 but then we only had 60 show up. However, with Yodeler’s race not going, and the Seahawks playing it was expected that attendance would be light.
Where do we go from here?
Anelina will be laid up at the Ross farm until she finds a new home. We have an interested party that will likely take her in December or January. The board rate drops to $20 per day, so we can estimate $620/month for her board for the next few months.
Given the current balance on the account and anticipated expenses, we are expecting to return to each Emerald Racing Club member between $160 – $180.
To keep our accounting clean for next season, you have two options:
1) Donate your expected return directly to the Prodigious Fund – for retired racehorses
2) Receive your amount due in the form of a check upon transfer of Anelina to a new home and payment of all remaining expenses from the account.
Please email firstname.lastname@example.org indicating your name and which option you’d prefer or respond in the comment section.
A reminder that if you’d like to participate in the Club next year that I will open registration to existing members in January, and then to the general public in February.
About the Prodigious Fund
I may have mentioned the Prodigious Fund in passing since it was part of our financial posts and $5 per start from Anelina and Dancing Yodeler benefited the fund.
The Prodigious Fund mission is to recognize and support positive efforts made within the Thoroughbred aftercare community for the re-homing, promotion and care of retired racehorses. The fund is administered by Emerald Downs and representatives from the WTBOA, WHBPA and Emerald Downs serve as board directors.
In 2014, the Prodigious Fund hosted the Thoroughbred Showcase, which included 43 Thoroughbreds looking for new homes, the 100-Day Trainer Challenge, and the Thoroughbred and Half-Thoroughbred Horse Show. In addition, Prodigious Fund was able to offer financial assistance to Second Chance Ranch.
The Thoroughbred and Half-Thoroughbred Horse Show took place this past Saturday and the following photos tell the story of these horses in their second careers better than I ever could!