SportBLX Exclusive Offerings:
Annestes Thoroughbreds Inc.’s goal is to bring the thrill of thoroughbred ownership (both breeding and racing) to the everyday person. The Company will initially purchase interests in several racehorses, all homebred on Annestes Farms by K&G Stables LLC. Max Player, a three-year old colt by Honor Code colt out of Fools in Love (by: Not For Love), is the winner of the G3 Withers Stakes and third place finisher in the G1 Belmont Stakes and G1 Travers Stakes. Max Player finished 5th in the 146th Kentucky Derby. Swingman, a two-year old colt by Tonalist out of Eternal Grace (by: Gilded Time), is in training and being pointed to the races in the fall of 2020. An unnamed yearling filly by Munnings out of Indy Annestesia (by: A.P. Indy) and an unnamed weanling colt by Midnight Lute is on the farm.
Annestes Thoroughbreds intends on raising capital to grow its roster of bloodstock of support its operations. Majority owner of Max Player, Swingman, the yearling, and foal will contribute interests in each of these horses in exchange for cash and stock. Pro forma for the minimum offering size, interests in Max Player will comprise a majority of the non-cash enterprise value of the company. Use of proceeds from the offering will be to buy producing mares and fund stallion fees, and progeny can be sold or raced.
Led by George E. Hall and farm manager, Dale Holly, Annestes Thoroughbreds has had a long history of success breeding horses on Annestes Farms and monetizing their values in the auction ring and campaigning them on the racetrack. Of the 89 horses bred, 60 were winners (67.41% versus the industry average of 45.33%), 7 were winners in Stakes Races (7.86% versus the industry average of 2.63%), and 5 were winners in Graded Stakes Races (5.61% versus the industry average of 0.77%). Notable homebred runners include: Pants on Fire out of Cabo De Noche (by: Jump Start) who won the Grade 2 Louisiana Derby, started in the Kentucky Derby, placed in the G1 Breeder’s Cup Dirt Mile and earned $1.6 million and stakes winners Calamity Kate ($621k earnings), My Adonis ($531k earnings), and Max Player ($373k life to date earnings). Notable yearling sales include Seahenge (sold for $750k), Guarded Secret (sold for $450k), Babeau (sold for $400k), and Capetown Lady (sold for $300k).
About Annestes Farms
Located in highly-desirable Woodford County, Annestes Farm is a well-designed and constructed horse farm that is as aesthetically pleasing as it is functional. Two stone entrances greet guests and lead them through over 3.5 miles of roads to its centerpiece - a 20+ acre lake. There are two world-class 28 stall barns, a stallion barn with 5 stalls and breeding area. The Farm has high-quality soil and access to water which provides for an ideal environment to raise sound racehorses. Annestes Farms is named after Mr. Hall’s mother and combines her first and maiden names.
We have designed Annestes Thoroughbreds to provide accredited and non-accredited investors an opportunity to invest in a portfolio of homebred racehorses with respectable pedigrees and to offer shareholders with exposure to potential value creation from breeding operations.
How Does it Work?
Money raised from this offering will be used to purchase additional interests in racehorses for racing and breeding and pay expenses arising from the training, care, and other typical expenses necessary to manage a horse. If applicable, the remaining offering proceeds will be used to build the company’s cash reserves. The company will earn money through race winnings, breeding rights, and any potential sales of the horses in our portfolio. Shareholders will own equity interests in the company and benefit from its accrued earnings.
Purchase Right for Breeding Prospectors
Owners of 5% of the corporation will have a right of first offer in a sale of any of the horses. Please see the Offering Memorandum for more details.
How is this Different than Other Syndicates?
Our goal is to bring the thrill of thoroughbred ownership (both racing and breeding) to more people around the world. The corporation is designed to be a portfolio and an ongoing enterprise, providing investors diversification and potential enhanced liquidity in the future. Unlike other syndicate models, there is no markup from the syndicate manager at the time of the offering. In addition, owners will have access to unique content on the SportBLX site and be eligible for unique on-track experiences.
This offering is speculative, illiquid, and loss of invested capital is possible. Risks include injury, poor performance, and race-related expenses. Risks discussed in detail can be found in the Offering Memorandum and here.
SportBLX Exclusive Content
INVESTOR UPDATE CALL - September 20, 2020
Unnamed Munnings Filly (Hip #637) at the Keeneland Sale - September 16, 2020
Kentucky Derby Debriefing Investor Call - September 7, 2020
Kentucky Derby Pre-Race Investor Call - September 5, 2020
Investor Update Call - September 1, 2020
Investor Update Call - August 27, 2020
Investor Update Call - August 14, 2020
Pre-Travers Investor Call - August 8, 2020
Annestes Thoroughbreds Zoom Discussion - July 31, 2020
Annestes Thoroughbreds Featuring Max Player - July 27, 2020
Company Update and a Discussion of the Three Year Old Division featuring Jonathon Kinchen and Peter Fornatale - July 10th, 2020
GET IN THE GAME
This offering can be illiquid, and loss of invested capital is possible. Risks discussed in detail can be found in the Offering Memorandum is possible. Please review risk factors for private placements here.