SportBLX Exclusive Offerings:
SPORTBLX THOROUGHBREDS CORP.
SportBLX Thoroughbreds’ goal is to bring the thrill of thoroughbred ownership to the everyday person. The corporation owns minority interests in several racehorses. 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 Triple Crown hopeful. Adara, a two-year old colt by Emprie Maker out of Mattie Camp (by: Forest Camp), is in training and being pointed to the races this year. Swingman, a two-year old colt by Tonalist out of Eternal Grace (by: Gilded Time), is in training and being pointed to the races this year. An unnamed yearling filly by Munnings out of Indy Annestesia (by: A.P. Indy) is on the farm.
Use of proceeds from the offering will be to buy an additional interest in the existing portfolio and interests in additional racehorses including Adara, a well-bred two year old colt by classic winner, Empire Maker. Investors will have access to unique content on the SportBLX site and be eligible for unique on-track experiences.
Why Should Prospective Minority Owners be Interested?
We have designed SportBLX Thoroughbreds to provide accredited and non-accredited investors an opportunity to invest in a portfolio of well-bred racehorses. The corporation’s line up is led by Max Player, a G3 Winner of two races in three starts, having never finished worse than second. Max Player is being pointed to the the Belmont Stakes. Adara is a well-bred colt by classic winner, Empire Maker. His Dam has produced winners a graded stakes winner and is in the same family as Baby Zip, City Zip and Ghostzapper. Swingman is a well-bred colt by classic winner, Tonalist, and stakes-placed mare, Eternal Grace. While Max Player contributes the majority of the value to the corporation today, the other three horses provide enhanced value potential to the overall corporation.
How Does it Work?
Money raised from this offering will be used to purchase additional interests in racehorses and pay expenses arising from the training, care, and other typical expenses necessary to manage a horse. Use of proceeds will be to purchase up to an additional 25% of Max Player, up to 86% of Swingman and the unnamed filly, and up to 100% of Adara. If applicable, the remaining offering proceeds will be used to build the company’s cash reserves. Investors are entitled to a share of revenue from racing, breeding, and all other sources of revenue generated by each horse. Additionally, excess cash received from purses may be used to make distributions to shareholders, and, or purchase additional horses which the investors will also share an equity stake in.
Purchase Right for Stallion Prospectors
All three colts have strong pedigrees on both sides of their families. Owners of 5% of SportBLX Thoroughbreds 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?
SportBLX’s goal is to bring the thrill of thoroughbred ownership 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 can be 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.
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Belmont Stakes Preparations - June 6th, 2020
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