TDN Writers' Room Podcast, Episode 53 with Guest Michael Behrens | September 9, 2020

As far as marketing for a nascent, unorthodox racehorse ownership venture goes, you couldn't do much better than a horse carrying your silks into the Churchill Downs infield as the GI Kentucky Derby winner. That's what Michael Behrens experienced Saturday, as Authentic (Into Mischief), bought into by his MyRacehorse microshare partnership in June, fought off favored Tiz the Law (Constitution) past the Twin Spires to earn the garland of roses. Wednesday, Behrens joined the TDN Writers' Room podcast presented by Keeneland as the Green Group Guest of the Week to explain MyRacehorse's business model and how the startup came to own one-eighth of a Derby winner.

MyRacehorse, which started as a pilot program in California, went national only last July. The company sells .001% microshares in Thoroughbreds with multiple shares available and returns that are deposited into owners' accounts and can be withdrawn via its app. Previously acquiring stakes in Grade I winner Street Band (Istan) and graded stakes winner Lazy Daisy (Paynter), MyRacehorse stepped into the deep end when buying 12.5% of Authentic after the colt finished second in the GI Runhappy Santa Anita Derby. Behrens credits co-owner Spendthrift Farm's B. Wayne Hughes with opening the door to that partnership.

Elsewhere on the show, the writers reacted to all angles of the Derby, GI Kentucky Oaks and the many impressive undercard and juvenile performances we saw this week. Plus, in the West Point Thoroughbreds news segment, they discuss the bankruptcy filing of Ahmed Zayat and wonder how it went south so quickly for the owner of the first Triple Crown winner in 37 years.

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