Introducing Monomoy Girl
Now Offering Monomoy Girl
Quick Summary
| Type | Lease |
| Level | Multiple G1 |
| Area | Kentucky |
| Next Race | Bayakoa |
| Lease Start | 12/1/2020 |
| Lease End | 11/7/2021 |
| Trainer | Brad H. Cox |
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Indicate interest now for 2x Breeders’ Cup Champion Monomoy Girl! What does that mean? Simply click “Indicate Interest” on her buy page and you will reserve your spot in line and receive a special early access invite when she is qualified by the SEC (no guarantees shares will be available to everyone that indicates interest, but it gets you an early invite and the best chance to get involved). We expect her to be “live” in the coming weeks.
There is no better way to describe Monomoy Girl other than “horse of a lifetime.” Now, MyRacehorse is excited to announce that this champion has joined our stable.
In an agreement with Spendthrift Farm, MyRacehorse has acquired the lease-to-race rights for Monomoy Girl for her 2021 racing campaign. It looked as if the curtain had closed on Monomoy Girl’s racing career when her previous owners sold her at the Fasig-Tipton Kentucky Fall Selected Mixed Sale, one day after she won the Breeders’ Cup Distaff for the second time in three years. But Spendthrift Farm, our partners in Authentic as well as many other horses currently in the MyRacehorse stable, stepped in and acquired Monomoy Girl for $9.5 million and then announced the mare would have a 6-year-old racing campaign in 2021 while remaining in the care of trainer Brad Cox, who has so ably guided her through her brilliant racing career thus far.
Traditional Micro-share ownership vs. Lease to Race Ownership
| Perks | Traditional Micro-share Ownership | Lease to Race Ownership |
| Equity in Racing |  |
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| Equity in Breeding Value | |
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| Access to Exclusive Owner Updates | |
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| Shareholder Dividends | Every Race | Every Race |
| Paddock Access | Lottery | Lottery |
| Winner Circle Access | Lottery | Lottery |
| Meet Your Horse | Lottery | Lottery |
| Race Day Events | Admission / Upgrades * | Admission / Upgrades * |
| Training Bills | No out of pocket payments. | No out of pocket payments. |
| Owners License | Not Eligible | Not Eligible |
*Race day access dependent on track and race day.
Gallery
Video
What is a lease?
Leasing the racing rights of a horse has become increasingly popular over the last five years and has been embraced by many of the industry’s biggest players. The lease is a straightforward agreement between the lessor (owner) and the lessee (lease holder) that specifies a lease price, the duration of the lease, and the percentage of the horse that is leased. Leased horses generally have proven success on the racetrack and established a significant residual value as either a broodmare or stallion prospect.
Why were the lease options put together?
Our acquisition team did look into acquiring Monomoy Girl in a traditional ownership sense, but ultimately we determined that the lease was a far superior opportunity for prospective shareholders. She was purchased for $9.5 million and 51% would have cost just over $5 million when including the required sales tax. Each share would have been over $470 and would have created a financial structure which would have required a significant capital outlay for shareholders and a long-term commitment in order to return their initial investment. With the lease our management team felt it was a win-win. Our shareholders get all the thrills of her 2021 racing campaign, access to her racing purse money for a very competitive lease price.
How will this lease work?
MyRacehorse paid $300,000 for 51 percent of Monomoy Girl’s racing rights through the 2021 season and will be responsible for that portion of her training and care costs. All net revenue and unused pre-collected funds will be returned to shareholders on a pro-rata basis.
Will shareholders participate in future sales/breeding revenue?
As discussed above, this offering does not come with any breeding revenue participation/rights. The investment will close upon Monomoy Girl’s last race in 2021.
How will race payouts work?
Race payouts will be issued after each race. MRH shareholders will receive their portion of the net earnings per race through the 2021 season.
What will the owner experience be like for this lease package?
As part of this lease, MyRacehorse shareholders will be eligible to partake in many of the ownership perks associated with our traditional offerings (dependent upon local Covid-19 restrictions). Seating, winner’s circle and paddock access on race days will also be offered, but because of the large ownership group associated with this lease, each of those perks will be managed through our traditional lotteries (one entry per share).
With regard to communications by MyRacehorse on the Site to gauge interest in a potential Securities offering pursuant to the Regulation A exemption from the registration requirements of the Securities Act, including opportunities to “reserve” Securities as indications of interest in the potential offering, please note
(i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted,
(ii) no sales will be made or commitments to purchase accepted until the offering statement for the potential offering is qualified by the U.S. Securities and Exchange Commission,
(iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and
(iv) an indication of interest is non-binding and involves no obligation or commitment of any kind.
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With regard to communications by MyRacehorse on the Site to gauge interest in a potential Securities offering pursuant to the Regulation A exemption from the registration requirements of the Securities Act, including opportunities to reserve Securities as indications of interest in the potential offering, please note
(i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted,
(ii) no sales will be made or commitments to purchase accepted until the offering statement for the potential offering is qualified by the U.S. Securities and Exchange Commission,
(iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and
(iv) an indication of interest is non-binding and involves no obligation or commitment of any kind.
Past performance may not be indicative of future results. Different MyRacehorse investments involve varying deal terms and degrees of risk, and may lose value. Therefore, it should not be assumed that future performance of any specific investment will correlate with historical results.
Multiple offerings of Securities may be conducted on this Site. Prior to any investment in any Securities, you should review a copy of the current offering circular relating to those Securities included in the corresponding offering statement filed with the U.S. Securities and Exchange Commission, by visiting the following url: My Racehorse CA LLC CIK#: 000174448