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Investing in a racehorse is more attainable

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Kevin Richardson grew up in West Baltimore and credits horse racing with keeping him out of trouble. He started out cleaning stalls and worked his way up to be an assistant trainer. His love of the sport made him want to be an owner and today he brags of owning shares in 25 horses.

“To start on the bottom and end up becoming an owner or part-owner of a great racehorse, it’s everybody’s dream,” said Richardson as he stood in front of the horse stalls at the Pimlico Race Course in Baltimore.

Businesses such as SportBLX and Myracehorse.com are offering shares of racehorses to investors. For less than $100 a share, people can own a fraction of race winnings, stud fees and other revenue. It…



Source cnbc.com

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