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Micro-share ownership group MyRacehorse will reportedly soon offer shares in multiple Grade 1-winning mares Monomoy Girl and Got Stormy, both of whom are scheduled to kick off their 2021 seasons this weekend.
According to an SEC filing dated December 18, 2020, MyRacehorse acquired their rights for a combined $425,000 ($300,000 for Monomoy Girl and $125,000 for Got Stormy) and expect to receive combined gross proceeds of $725,700 that also cover management fees and several months of anticipated operating expenses.
Spendthrift Farm, which partners with MyRacehorse on over a dozen horses already in training, purchased both mares at the 2020 Keeneland November Sale for a combined $12.25 million ($9.5 million for Monomoy Girl and $2.75 million for Got Stormy), then leased 51% of their 2021 racing rights to MyRacehorse.
Under the standard MyRacehorse ownership agreement, shareholders only pay a one-time fee up front. MyRacehorse and its partners become responsible for any additional expenses not already covered by the pre-paid fund and/or on-track earnings.
Though no official on-sale date has been released, the filing states that MyRacehorse will offer 10,200 shares in Monomoy Girl at $46 per share and 5,100 shares in Got Stormy at $45. Each share will be worth 0.5% of purse earnings, minus applicable operating expenses.
Got Stormy‘s sparkling resume of 26-10-5-3 is boosted by 8 stakes victories including the Matriarch (G1) and the Fourstardave (G1), the latter a Saratoga track record-setting performance against males. The Mark Casse pupil has earned over $2 million to date and exits a close fifth-place finish in the Breeders’ Cup Turf Sprint (G1).
Monomoy Girl has crossed the finish line first in 14 of 15 career starts while earning over $4.4 million with trainer Brad Cox. A likely Hall of Fame shoe-in once eligible, she won the Breeders’ Cup Distaff (G1) in both 2018 and 2020, and she was voted Champion 3-Year-Old Filly and Champion Older Dirt Female at the end of those seasons.
Despite being sold to new ownership, both mares returned to their respective trainers for 2021. Got Stormy’s seasonal debut is set for Saturday’s Honey Fox Stakes (G3) at Gulfstream Park; Monomoy Girl is entered in Sunday’s Bayakoa Stakes (G3) at Oaklawn Park.
MyRacehorse and Spendthrift Farm most famously teamed up last summer to offer 12,500 micro-shares in Authentic, who later won the Kentucky Derby (G1) and the Breeders’ Cup Classic (G1) and was double-crowned as Champion 3-Year-Old-Male and Horse of the Year. He retired to stand stud at Spendthrift Farm following the Breeders’ Cup.
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