Little Red Feather Racing Blog

Gary Fenton

Gary Fenton

Recent Posts

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Top 25 Things to Do in Del Mar (2017)

4 minute read
Del Mar 2017 is here! Where racing is king again and the only talk of field size is how busy 19th Street Beach gets before noon. No matter what's happening in the world there is always Del Mar. Breathe, soak it in, and enjoy our list for the Top 25 things to do this summer (and every summer) where the turf meets the surf.   1. There is only one thing better than 

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Horse Racing Partnerships 101: We Miss You Barry Abrams

2 minute read
Trainer Barry Abrams retired last year and California racing is not the same. He co-owned the great California stallion Unusual Heat (a horse he claimed) and had a style of training not seen in decades (and still not emulated).  He was also a mentor to a young syndicate named Little Red Feather. My favorite Barry Abrams story is this.  

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OBS March 2017: The Short List

2 minute read
The important OBS March 2YO-in-training sale is set for tomorrow, March 14, 2017 and LRF is here trying to find the next Midnight Storm for our horse racing partnerships. Auctions are incredibly exciting. With 2YO’s even more so. It feels like the NFL combine. You have these incredible athletes and it is your job to find Tom Brady from a very talented pool with like-minded competitors swimming around you.The process of finding your horse takes talent, ...

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Did you Know Nearly 90% of All Revenue Received by LRF Flows to the Entire Horse Racing Industry?

1 minute read
There are many benefits to owning a share of a Little Red Feather racehorse. First and foremost, you can expect a first-class communal experience owning a championship quality thoroughbred with hands-on management and incredible client communication.  

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Horse Racing Partnerships 101: Seriously, How Much does it Cost to Own & Train a Thoroughbred Racehorse?

2 minute read
Buying a thoroughbred racehorse can be...should be....the most exciting investment you ever make. There is no better feeling than watching YOUR horse take the lead at the top of the stretch. BUT HOW MUCH DOES IT COST? It's the question we get asked the most - - and here's the answer. Championship quality thoroughbreds cost between $100,000 and $300,000 to purchase and about $45,000 a year in expenses. Of ...

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Horse Racing Partnerships 101: Is This a Tax Write-Off?

3 minute read
Owning a racehorse can be the most exciting investment you ever make. But, it is first and foremost an investment. If treated like the business that it is, the IRS affords many of the same protections and write-offs as investing in real estate or other business ventures.  So, yes, it is a write-off! As long as you can pass the ...

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Horse Racing Partnerships 101: How Training Expenses Work with an LRF Horse Racing Partnership?

2 minute read
It’s one of the most frequently asked questions we receive and for good reason. Understanding the risks and exposure is important when evaluating any investment. Owning a share in an LRF horse racing partnership comes with two expenditures. The initial share price to purchase the horse and upkeep/expenses. All partners pay all expenses from “Day 1”, no matter when you purchased your share of the ...

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Top 25 Things to Do in Del Mar (2016)

4 minute read
At LRF, the three most important things are family, horse racing partnerships, and Del Mar.  Last years blog highlighted 25 great things to do in Del Mar. 25 was not enough. We're at it again. Without further adieu….   The Top 25 Things to Do in Del Mar 2016. 1. Attend the

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Who Invented the Photo Finish Camera?

2 minute read
Prior to 1937 race tracks placed 3 stewards at the finish line so when two+ horses crossed the wire together, they would look at each other and vote on who won. Obviously, this inexact science created arguments, and controversy, especially in big money races.  Can you imagine today if a million dollar Pick 6 was decided by three judges?   This all changed in 1937 when Bing Crosby unveiled the Del Mar Thoroughbred Club. Bing wanted to ...

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OBS March Sales Blog - Final Day

3 minute read
As anticipated, the OBS March ended in fine fashion today with another seven figure buy pushing the sale just south of the 2015 installment.Following an uptick day of trading, OBS reported an overall two-day gross of $51,650,000 versus $55,432,000 in 2015 for the same 325 horses sold. The two-day average fell from $170,560 to $158,923. The RNA rate was 25%, compared with 23% a year ago. Overall, my thoughts are similar to yesterday. The middle market is not ...

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