Final Crown the Cat Club Bills

Sorry for the delay, it’s always difficult to get the bills finalized due to the fact that trainers start moving around the country, etc. Final expenses and revenues are below for August and September. One final reminder, as 80% owners the group was entitled to 80% of the revenues and responsible for 80% of the expenses. A cash flow statement is provided underneath.

August & September Training Revenues & Expenses

August & September Revenues:

1st Place Finish (8/11) – $3,900

3rd Place Finish (9/1) – $770

6th Place Finish (9/11) – $70

Sale of Crown the Cat – $2,500

August and September Expenses:

Training (44 Days @ Approximately $45 per day) – $1,990

3 Race Day Ponies – $60

3 Bute Treatments – $40

Vet Expenses – $668.65

Trainer Share (1st Place) – $390

Groom Share (1st Place) – $40

Trainer Share (3rd Place) – $70

Jockey Fee (8/11) – $390

Jockey Fee (9/1) – $65

Jockey Fee (9/11) – $55

Crown the Cat Final August & September Cash Flow

Previous Crown the Cat Racing Club Balance (End of July) – $8,131.78

Plus 80% of 1st Place Finish 8/11 ($3,120) – $11,251.78

Plus 80% of 3rd Place Finish 9/1 ($616) – $11,867.78

Plus 80% of 6th Place Finish 9/11 ($56) – $11,923.78

Plus 80% of Sale of Crown the Cat ($2,000) – $13,923.78

Less 80% of Training ($1,592) – $12,331.78

Less 80% of Race Day Ponies ($48) – $12,283.78

Less 80% of Bute ($32) – $12,251.78

Less 80% of Vet Expenses ($534.92) – $11,716.86 

Less 80% of Trainer Share ($312) – $11,404.86

Less 80% of Groom Share ($32) – $11,372.86

Less 80% of Trainer Share ($56) – $11,316.86

Less 80% of Jockey Fee 8/11 ($312) – $11,004.86

Less 80% of Jockey Fee 9/1 ($52) – $10,952.86

Less 80% of Jockey Fee 9/11 ($44) – $10,908.86

Final Crown the Cat Ending Balance = $10,908.86

62 Club Members

Final Check to Each Club Member = $175.94

Thank you again for taking part in this club. Your check should arrive sometime next week.

Two wins is a pretty good summer. As you can see, this is a tough game to make money in the state of Minnesota.

As a sidebar, the current Racino push being made at Canterbury Park is an attempt to improve the economics for horse owners. A Racino would substantially increase purse values and would turn a season like this into a winning one for owners like you. For more information, visit

Thanks again for a great summer, Jeff and I thoroughly enjoyed getting to know all of you!

Getting Close to Closing the Books

One thing I have learned is that horse trainers are not often bookkeepers.

We have the August vet bills but still need the final September bill as well as the training bill from Kenny.

Kevin is working on getting all that put together and once he does we will pay those expenses and disperse the account funds. I should have everyone’s mailing address but if I do not I will contact those that I am missing.

I apologize for the delay. This is always the most frustrating part of the operation.


Crown the Cat heads to new home

Crown the Cat came home to I Kin Ye farms in Monticello Tuesday afternoon.
She had an uneventful van ride home but got a slight ding on her hip
when she was unloading from the trailer.  
Nothing serious though and it
should heal up just fine.  I gave her a tube of L-Tryptophan to help ease any anxiety issues during the transition and she trailered like a pro for the one hour ride home. Once home I walked her around a bit and she ate some grass and met some of the other critters here and then layed down and rolled. I’m sure that felt really good!  
Then she dunked her whole head in the horse water trough a couple of times and now she’s eating some grain, alfalfa cubes and some mixed grass/alfalfa hay.
She has a one car garage with a dirt floor that I use for her shelter and about a 45 foot round pen with sand base for a paddock area.  There were a couple of mare vs. mare squeals over the adjoining fence line but the other horses are pretty much just letting her be. 

Crown the Cat’s Race Preview

by Angela Hermann
A full field of twelve is set to take on Crown the Cat on Sunday.  There are some faces she’s seen (and beat) in the past, as well as some new shooters seeking their second win in this N3L.  Lori Keith takes over from Ry Eikleberry on the cutback, and they will break from post five.  Let’s take a look at each horse in the field:
1 – One More Palo – Mike Chambers just took this filly over from Miguel Silva, and she comes in off a lengthy layoff.  He’s only worked her twice since June, neither work blows this handicapper away.  However, the fastest filly in the field draws the rail.  The way our track’s been playing lately, she looms as the main danger on the front end under Adolfo Morales.  However, they may have bought this filly with the hopes of taking her back to Arizona.  She won twice this spring over that surface but thusfar hasn’t hit the board at Canterbury.  Mixed signals from a hot and cold barn.
2 – War Victory – A filly that Crown the Cat defeated last time, they cut back together.  This McShane trainee is making her third start off a short layoff, but hasn’t been quite the same filly in Minnesota that she was in Iowa.  She appears to be a need-the-lead sort whose only two wins have come in gate to wire fashion.  With One More Palo drawn to her inside, she may have to sit further back than she’d like.
3 – Academy’s Win – Her two wins have also come in pace setting/pace dueling fashion.  Every other race of hers has ended in double-digit defeat, although she does exit the Minnesota Oaks.  Two back against statebreds she was last throughout, and really would be a surprise to get a piece of this.
4 – Annie A.P. – Though she’s light on the win end, this filly loves Canterbury.  Frank McKinley’s two win’s this year have both come thanks to this one, both for a $5,000 tag.  She’s got speed, but not quite the brand of One More Palo.  It’ll be interesting to see what they do with her, though Birt-Carmouche typically sends.  She’s only missed the board twice over the local surface, and looms a threat once again to get a piece.  She and Crown the Cat look to get similar trips.
5 – Crown the Cat – She’ll certainly have endurance off two route races, and the speed mostly lies to her inside.  Lori will have to hustle to keep her in contention, as it appears she needs to be in the race early to make an impact.  If she can stay within a few lengths of One More Palo, she should be able to make a decent charge at the end for at least a share.  The only horse that’s defeated her in the past – Silver Direction – drew the ten hole.  Looks like she’ll be tough if a few things break her way.
6 – In the Wind – Though she’s 0-7 this year, the drop to this level last time seemed to move her up.  With an extra furlong to navigate today and a little more pace, win number three is not out of the question.  She hasn’t been nearly as close this year, though, as she was last year at a similar level.  She also has five lengths to make up on Thisheartsforyou, and returns off short rest to try this level again.  Seems to be headed in the right direction but still needs to improve to make an impact.
7 – Secret’s Rifle – This filly has only two wins to show for 47 starts, but those wins have not come at Canterbury.  She’s only hit the board once and is the oldest member of the field at age eight.  Though she picked up win number two last year, it was in a suspect race.  Another that would need a lifetime best to get the win in here.
8 – Thisheartsforyou – Similar to Secret’s Rifle, Thisheart’sforyou has a lot of on the board finishes with only two wins.  She is two for thirty-five to be exact, but seeks win number three off three consecutive runner-up efforts.  Derek Bell rode her for two of those and rejoins today for Erfle.  She looked primed to take at least two of those past races, but didn’t continue once she hit second.  This seems to be the pattern for this six year old mare.  She certainly fits on ability….just not so sure on the middle part of her name.
9 – Dia Mayo – An unexpected entry, as she only has one lifetime win to her credit.  That win came at this price, but she’s also running for the third time in two weeks.  She ran decently enough in her first stab at winners, but was defeated by Silver Direction who lands just to her outside.  She gets her third jockey in as many starts as well.  The odds are against it.
10 – Silver Direction – Though she rode Dia Mayo last time around, Britney Arterburn opts for this Nicole Walt trainee.  She appears to be one of the main dangers to Crown the Cat, and has rebounded from a slightly off race on August 6th.  Though she too returns on short rest, the price here gets cut in half.  She’s beaten a few of them in here as well – Expect this horse to go off favored.
11 – Pic Three Bertie – Her Canterbury career started off successfully at this level, but since then has tailed off a bit with non-winners of three.  Her last two races have been defeats behind Thisheart’sforyou, but Dean Butler does see fit to hop aboard.  She has not been beaten by bad horses either, including Kwik Rebel and Ms. Cecile.  It appears that she, too, likes to stay close to the pace….a tall order from the eleven post.
12 – Keyhole Kate – The other Minnesotan draws the unfortunate outside post to try for her third win.  Both of her wins to date have come against state bred foes, with her only open race ending in a 20 length defeat.  She, however, took the drop to claimers this year and seemed to appreciate it.  Nik Goodwin rejoined last time for a last place effort at the beginning of August.  Freshened for over a month, she could throw in an improved effort.  It may not be enough improvement to beat the Cat!

Running on the Final Day of the Meet

Crown the Cat is entered for Sunday in race 2 which should go to post around 11:25AM. So be to the paddock right after race 1 if you want to join the group.
She will be in a six-furlong sprint this time at the $5,000 claiming level for fillies and mares that have not won three races lifetime. With Eikleberry now at Zia Park in New Mexico, we have secured Lori Keith to ride. Lori has had a great meet and will give CtC a good ride. This is a full field of 12 and she has drawn the 5 post position.
Crown the Cat Club member Kathy Young will be purchasing CtC and will take her home on Tuesday.  She is planning on breeding her at some point. Kathy wanted to let the group members know that she can be reached at and is willing to email photos of CtC to anyone interested in following her progress.
This really is a good ending for our club. One thing I always stress to owners is to have a plan for your horse when the racing career ends. Not all owners are able to do that.  The $1 per start that each owner pays is one way to help retired horses find a home. Canterbury then matches that amount. Recent recipients of that money have been Dr. Bowman’s Second Chance Ranch and the Minnesota Retired Racehorse Project.
Dr. Bowman has been helping to place retired horses for years.  He has dozens of horses at his ranch now with more to come as the meet comes to a close. It is an amazing thing that he does. You can read a story by Rachel Blount of the Star Tribune here:
We know that your filly will have a good home.  You won two races and hit the board three more times. I would call that a success regardless of the bottom line of the account. This is not an easy sport to in which to make money. Not at the current purse levels. So it needs to be fun.  We have received a lot of positive feedback. I hope that you have been able to share the experience with friends and family. It is pretty cool to tell people you own a racehorse and all even better to show them the winners’ circle photo!!!!
Best of luck Sunday

The Plan for Crown the Cat

For now, the plan is to try to run Crown the Cat on closing day. Earlier in the week Kenny indicated that she was doing well enough to run again this weekend – we will confirm this with him later on today.

The plan for now is to run in a filly and mare race, $5,000 N3L race going six furlongs. There is also a $5,000 N3L race going one mile and seventy yards for open company in the book. This could be a back-up plan if the sprint fails to fill.
Plans Following the Meet
Response has been overwhelmingly in favor of getting out as opposed to carrying on. Therefore, the plan is to dissolve the group and sell Crown the Cat for $2,500.
Crown the Cat will be sold following her last start to a member of our group that has come forward and wishes to purchase Crown the Cat with the intention of breeding her. Someday, we hope to be able to see little Crown the Cats running at Canterbury.
The $2,500 will be put into the Crown the Cat account, the remaining bills will be paid and we will then divide up the remaining funds among group holders. This process will take a little while, but we’ll try to have it finished up with checks in the mail by the end of the month.
Thanks for a great year. We hope that you’ve had a great time watching this horse run. Jeff and I have thoroughly enjoyed following her along. Jeff will keep the group posted of the race prospects during the week. Entries will be taken for Sunday on Thursday.

Thursday Update – Club Meeting, Etc

Please see the previous post for updates regarding June and July vet bills and the updated account information through the end of July.

First, a reminder that we race tomorrow night! Crown the Cat is #2 in the night’s 5th Race – approximate post time is 9:00 p.m. Jeff and Andrew will meet the group down outside the paddock so that we can all go into the paddock as a group. Please congregate shortly after the conclusion of the fourth race. For those that are interested, we have reserved tables for the group in Silks.
As we pointed out yesterday, this field is definitely a bit tougher than the last group she faced and there is certainly more speed in the race. It will be interesting to see how this race unfolds, she may need to stalk the pace just a bit to stand the best chance of winning, but we’ll leave the tactics up to Kenny & Ry.
Crown the Cat Video Update
Post Race Crown the Cat Club Meeting
Following tomorrow’s race, we will hold a meeting of the Crown the Cat Club in Silks at the tables reserved for the group. (For those that haven’t been there, Silks is on track level and is on the north side of the grandstand – close to the Summit Lodge.) The meeting will be very quick, but we’d like to gather everyone in one place to discuss how things will play out with the horse and the Club.
As we have previously noted, the club as it exists, will be disbanded. It sounds like there is quite a bit of interest from current group members about carrying on and we’d like to get all of you in one place to discuss logistics, etc. Kevin Lay is interested in staying involved, but likely on a smaller level than he is currently invested.
Jeff, Kevin and Andrew have discussed the fair value for Crown the Cat and believe it to be $2,500. This price was determined by a multitude of factors, but the main piece of information was the level she has been competing at and the conditions she has left. As a non-winner of three races lifetime, she only has two more lifetime conditions (N3L and N4L) before she’ll have to run in less restricted races. Additionally, her value is slightly less because of the cost associated with shipping her to a new racetrack.
We are still looking for a group to come forward with the money to purchase Crown the Cat by Labor Day. This would allow us to tidy up all details regarding the sale of the horse, transfer of ownership, closing of accounts, etc as soon as possible.
The Club’s finances will not be finalized until the horse is actually sold, the purchase money is added into the account and the account is distributed on a prorated basis as was agreed to in the original club agreement. This will likely occur 2-3 weeks following the sale of the horse as we’ll still need to collect training and vet bills for August and a few days in September.
Post questions below or e-mail Jeff Maday at if you have specific questions or inquiries.

Vet Bills for Both June and July

Vet bills have come in for both June and July. The total balance is $506.00 for both months. In all, this is very reasonable.

We have itemized billing for July, but unfortunately do not have itemized billing for the month of June. Remember, as 80% owners, you are only responsible for 80% of the bills.

Vet Bill Detail

June Vet Bills – $298.00

July Vitamins – $50.00

July Bute Treatment – $15.00

Respiratory Treatment – $40.00

Enzyme Treatment – $25.00

Joint Lubricant – $18.00

Estrogen Treatment – $20.00

Raceday Lasix – $20.00

Lactic Acid Medicine – $20.00

Previous Crown the Cat Club Balance – $8,536.58

Less 80% of June Vet Bills ($238.40) – $8,298.18

Less 80% of Vitamins ($40) – $8,258.18

Less 80% of Bute ($12) – $8,246.18

Less 80% of Respiratory Treatment ($32) – $8,214.18

Less 80% of Enzyme Treatment ($20) – $8,194.18

Less 80% Joint Lubricant ($14.40) – $8,179.78

Less 80% of Estrogen Treatment ($16) – $8,163.78

Less 80% Lasix Treatment ($16) – $8,147.78

Less 80% of Lactic Acid Medicine ($16) – $8,131.78

Current Crown the Cat Racing Club Balance – $8,131.78

This should be the final ending balance at the end of the month of July. Therefore, before we close out the Crown the Cat Club Account, we’ll need to account for both expenses and revenues for the month of August and for a few days in September. Remember, we won a race earlier this month that should certainly cover training expenses for the month. Additionally, we’ll add the revenue from the sale of the horse back into the Club’s account.