As a few of you have mentioned, Clay did claim a horse for the Club tonight out of the Claiming Series Race (Lovely Tak). Lovely Tak ran sixth and doesn’t really appear to have an affinity for mud as she has never performed well in it during her career.
The hope is to run her back as the Claiming Series continues. For those that have not read up on the Claiming Series, it gives you a chance to run your $3,500 horse for a $25,000 purse. More information is available on the Claiming Series here.
Jeff and I will go back to the barn in the coming days and find out a little more about Lovely Tak and about how she came out of the race.
Racing Has its Ups and Downs
As we’ve tried to explain to you all throughout this journey, racing is a roller coaster ride. Unfortunately, earlier today, Clay called to tell us that Great Bam’s quarter crack was worse than anticipated and that it will require special treatment, stall rest and protective bandaging.
Obviously, this is not the news that we wanted to hear. Clay and the farrier believe that this issue will require 3-4 weeks to fully heal before he can resume training. Therefore, we’re likely looking at August before Bam may be able to race.
We’ll continue talking to Clay to find out the plans and the progress that Bam is making. He was very disappointed when he gave us this news as he was expecting this horse to run big here this summer.
Canterbury Racing Club Financial Update
Next, here’s an update on the Club’s finances through May (less vet expenses):
Cash Balance at the end of April is $34,856.45
Less the following expenses:
Thyroid Treatment & Phenylbutazone (Great Bam) – $60
Shipping (Great Bam from Chicago to MN) – $350
Farrier (Great Bam) – $120
May Training (Great Bam) – $1,860 (31 days at $60 per day)
Claim of Downerbythemeadow – $3,500
May Training (Downerbythemeadow) – $360
May Dental Work (Downerbythemeadow) – $85
Cash Balance on May 31 – $28,466.45
Remember, this doesn’t really reflect the current state of the account it only deals with where were at on May 31. We have collected $3,500 for the claim of Downerbythemeadow plus more than $2,400 in revenue for the second place finish on June 8. Plus, there are vet bills to pay for May.
The revenue will be realized when we walk you through this information for June.
Obviously, there is a lot of information to digest in here. Please post questions and comments if you have them.