Thoroughbred micro-shares

The rules committee of the Kentucky Horse Racing Commission (KHRC) on Tuesday advanced a recommendation to amend the state's horse ownership regulations to do away with a requirement that no more than five individuals can be licensed as owners of a single horse. In addition, a separate tweak would codify that up to 10 individual owners or entities may be listed in the track program as owners of a single horse. That limit was previously five, and it was based on the above-referenced regulation that also stated if more than...