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Full-Text Articles in Law
America Singing: The Role Of Custom And Usage In The Thoroughbred Horse Business, Robert S. Miller
America Singing: The Role Of Custom And Usage In The Thoroughbred Horse Business, Robert S. Miller
Kentucky Law Journal
No abstract provided.
Racing Syndicates As Securities, Rutheford B. Campbell Jr.
Racing Syndicates As Securities, Rutheford B. Campbell Jr.
Law Faculty Scholarly Articles
It is not difficult to understand why horses like Devil's Bag, Chief's Crown and Spend A Buck are syndicated during their racing careers. The owners of such horses find themselves with an asset worth millions of dollars, but the asset has the potential to decrease significantly in value if the racing fortunes of the horse change. That creates pressure for owners to disinvest, at least partially, and spread the risk of loss. Investors, on the other hand, are often just as anxious to invest. Not only is there the chance of earnings and appreciation if the horse continues to win, …