Finally! The race for Thursday night did fill, $5,000 non-winners of three races lifetime going one mile and seventy yards. There is a field of seven, including a couple of horses that had been running in Iowa. Now that Prairie Meadows’ thoroughbred meet has concluded, a few of them have shipped north and they really made this race fill.
Obviously this will be a tougher spot than the last race, we’ll see how it looks on paper later in the week. We’ll plan on reserving a section of Silks for the group – we’ll provide more information once we confirm that with group sales.
Plans Following this Race for Crown the Cat
Multiple group members have been inquiring about the plans for Crown the Cat following the meet. Jeff, Andrew and Kevin have been discussing the options over the last week and, based on the club agreement that everyone signed at the beginning of the racing season, the club must sell the horse.
However, members of the existing group would certainly be able to put together a new group that would be able to purchase Crown the Cat. If a group of existing group members would like to carry on following the conclusion of the live meet, we are going to require that they come forward by Labor Day, Monday, September 5.
In order to move forward, a group will likely need to come up with approximately $10,000 to purchase the horse and ensure that there is enough money to pay the expenses for the next 6 months or so.
The reason we are asking for a group to come forward by Labor Day is that the horse’s value will decline as we get closer to the end of the last week of racing. Essentially, the market for potential buyers continues to dwindle as the meet draws toward a conclusion. If a group doesn’t emerge from the Club, we’ll be required to try to sell to other interests – which could be difficult.
In any case, the Club’s finances will not be complete until approximately two weeks after the meet. We will need to finalize all bills prior to sending everyone their pro-rated portion of the remaining balance.