04-16-2018, 11:42 PM
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@TimeformUSfigs
Join Date: Jan 2002
Location: Moore, OK
Posts: 46,829
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Interesting article on the Pegasus
A lot of us figure out what was going on a long time ago, but there is some really good stuff in here that wasn't specifically spelled out before.
https://www.thoroughbredracing.com/a...sus-world-cup/
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It was originally pitched that, for a $1 million investment, stakeholders would divide the revenue from the handle, television rights and sponsorship so that they could offset the gap between their $1 million investment and the $250,000 paid to the fourth through 12th finishers. Yet, in 2017, the added income amounted to roughly $100,000 for each starter and most stakeholders fumed and did not return for Year Two after losing more than $750,000 in some cases.
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To make race more attractive for everyone, the Stronach Group accepted only $350,000 from each stakeholder. Therefore, since they did not pay the $1 million, stakeholders with horses who finished sixth or worse did not receive any purse money.
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Last edited by cj; 04-16-2018 at 11:45 PM.
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