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Old 08-26-2012, 09:15 PM   #1
tzipi
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Karakorum racing bankrupt?

My friend has been trying to get his money out of his account for three months and now their website seems to be down. I told him his raffle "win" for them would be a pain ha. He didnt have alot invested at all but thats a shame what they did to people if they really ran into the ground. What's funny I told him us I noticed recently that I've seen no Karakorum horses in a while. Any one else have news on them or if they are really gone?
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Old 08-26-2012, 09:18 PM   #2
Stillriledup
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Has there ever been a 'good' Karakorum horse?
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Old 08-26-2012, 09:20 PM   #3
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Karakorum Elektra
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Last edited by atlasaxis : 08-26-2012 at 09:22 PM.
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Old 08-26-2012, 09:21 PM   #4
Rise Over Run
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I've never been a partner, but I've been on their e-mail list for several years. It took reading this thread to realize, but it's been at least 6 weeks since I've seen an announcement about one of their runners being entered.
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Old 08-26-2012, 09:32 PM   #5
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From what I'm seeing, it doesn't look good. Oh well, wont miss them or their "raffles"
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Old 08-26-2012, 09:43 PM   #6
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I've seen a few (at least two) former Karakorum horses running the last few days with different owners and a new trainer.

Doesn't look good.
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Old 08-27-2012, 10:02 PM   #7
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Circa 1997-1999...around when I really got into the betting side of racing Karakorum had a basic web site that that presented 4 different partnership levels....different grades of horses...in training...on the farm still. Focus was
tax write-off and depreciation. Bottom line was 10% ownership of 50% of one "mid -level" horse in training came to 35k a year; 3yr deal. (excluding travel expenses,extra vet fees ).

Thing was the horses were really cheap... exposed when I began looking up pedigrees in the very early days of pedigreequery and the pedigree post which was attached to pedigreequery in the "old days" and sales/auction info.


I have NEVER bet on a Karahorum horse but have followed that syndicate since the late 90's. Strike the Brass was one of their best. Karakorum Patriot was a decent horse too. I would always joke with my pals that the "karakorum horses never won until they had at least 20 races..and alot of 3/4's and earnings of "109k"

Karakorum racers raced alot though, in nybred races...40 races not uncommon for a Karakorum horse. Too bad Karakorum couldn't continue their "business" when the NYBred purses skyrocketed. Karakorum raced alot at AQU especially in the days of cheap purses. I think I recently saw Odintz listed as trainer for a non-Karakorum horses but didn't think about where was Karakorum...gone, probably.

Last edited by westny : 08-27-2012 at 10:11 PM.
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Old 08-28-2012, 12:14 AM   #8
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Quote:
Originally Posted by atlasaxis
Karakorum Elektra
Karakorum Starlet was also a very nice runner, banked nearly half a million..
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Old 08-28-2012, 10:18 AM   #9
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They have 2 entered at Finger Lakes today.
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Old 08-28-2012, 01:44 PM   #10
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Quote:
Originally Posted by affirmedny
They have 2 entered at Finger Lakes today.
1st race: Only at Finger Lakes can a horse be ahead by 30 lengths in the stretch, and still be whipped home
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Old 09-01-2012, 02:53 AM   #11
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Considering purchase price, they did OK with several horses including Electra and Starlet and Patriot and Chernobyl's Hero, who was second last week at SAR. They had a few that, while not stars, were consistent check earners and they did focus on soundness. A friend of mine once worked for Odintz who had most of them. Their absence is probably going to cause Jeff to leave the game. Too bad too, he's a good guy who did OK on a tough circuit with modest stock.
The front man for the outfit was a bit of a loose cannon and didn't exactly give the impression of a guy you want to buy a used horse from.
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Old 10-09-2012, 09:10 PM   #12
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Thankfully Linda took over Elektra



Belmont Park: Karakorum Racing disbands

By Matt Hegarty


Karakorum Racing, the partnership company whose horses have been a staple of the claiming ranks in New York for 15 years, ceased operation in late August, one of the company’s trainers said on Thursday.

~~read the rest at the link~~

http://www.drf.com/news/belmont-par...racing-disbands
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Last edited by PaceAdvantage : 10-10-2012 at 01:10 AM.
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Old 10-10-2012, 04:42 PM   #13
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Good, racing is better off without them and their "operation". Crook operation and a black eye to racing again.

Last edited by tzipi : 10-10-2012 at 04:50 PM.
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Old 10-10-2012, 06:51 PM   #14
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This is a shame. I know people knew about them in New York, but they should have considered promoting their partnerships throughout the country and maybe set up a trainer or two out west.

Pigs get fat, hogs get slaughtered.
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Old 10-10-2012, 08:31 PM   #15
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I hope this trend doesn't spread to Penn National.

THere are several nice people there with blinders on sending their money down the same types of rat holes.
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