Greg Luther's Amazing Catch

[darnoldrocks]

Call Sign Merlin  ....   Understood, but buying a $30k share sounds like a better investment than buying a $30k yearling. 

[gh2009]

Ake's horses don't run enough to win $1 million dollars a year, and assuming he'll be a top trotter is another assumption.

[DEBBIE DOES]

All I know is he must have unlimited funds cause he sure pisses away a shit ton of cash.  But good for him if he can.

[SDST2009]

Ake's horses don't run enough to win $1 million dollars a year, and assuming he'll be a top trotter is another assumption.

While I agree with you that it's a pretty big leap to assume this horse is going to come forward (or even be fertile..is it possible they had tests on him prior to HBG sale?) but to be fair, Jiggy Jog earned over $1M last year (at 4) and was just short this year and would certainly have been over. He picks his spots appropriately.

[TimTimTimbo]

just curious did this guy win the lotto? or inherit a big sum of money? i remember he use to only have a few horses. no they buy all high priced horses and yearlings. he idnt do very good back then. (like he never won) and with the cash they spend now they probably should do better. just my opinion.

He is a Real Estate coach and one of the best in USA, type his name on google and you will see it all

He told Heather Vitale he owns 160 horses.

[The Answer]

They wait 60/90 days after last race to test for fertility. He wasn’t tested before Harrisburg. When AH gets outbid on a horse you definitely know Luther paid too much. For him to make 1mil next year he would have to be the best in the country by far and he’s not even the best in Ake’s stable.

[Open bridle]

Saying he has a good chance of making a million dollars next year isn't a good thing to say. Horse racing is a high risk business.

[Inside The Track]

I think he realizes he overpaid and is trying to recover some of his money. Or in Greg Luther's world trying to do a "Quick Flip".

[Call Sign Merlin]

Real estate guys want to put as little into a deal as they possibly can while retaining as much ownership as they possibly can.  He has essentially structured this as a cash out refinance.  He acquired the property, made it look better, got it reappraised as a higher value and then recouped his initial investment.  If he sells 60 shares he owns half the horse with no money in.

I think this is a pretty interesting, unique, and smart business structure that is only really made possible by keeping him racing. 

I do think they picked the wrong jurisdiction which will limit his upside as a stallion.  There are too many stud options in Ohio and it is overbred with good but common mares.     

[dinkadoo]

Any trainer to take a horse off Ake is a big risk.

Beware if he doesn’t pan out to be the dominant older trotter he’s selling.

[Harness racer]

Any trainer to take a horse off Ake is a big risk.

Beware if he doesn’t pan out to be the dominant older trotter he’s selling.

Horse is staying in Ake’s barn.   

[Brown jug]

i like the horse overall , racing and pedigree
however not a fan overall of ohio
i believe tci is going there??
for the cost of a $10k breeding i would just keep my money in my pocket and if decide to bred in 2026 than fine

[Facts]

Hope it works out for Greg .Good luck.