My Racehorse, Kumin Join Monomoy Girl Ownership Group

After Spendthrift Farm paid $9.5 million for two-time Longines Breeders' Cup Distaff (G1) winner Monomoy Girl at The November Sale, Fasig-Tipton's premier breeding stock sale in Lexington, last fall and decided to keep her in training, it didn't take long for prospective partners to pop up.

As a result, when Monomoy Girl makes her 6-year-old debut for original trainer Brad Cox Feb. 28 in the $250,000 Bayakoa Stakes (G3) at Oaklawn Park, she will represent a trio of new and old owners in Spendthrift Farm, My Racehorse Stable, and Sol Kumin and his partners.

Kumin, who heads several partnerships, was part of the original group that raced Monomoy Girl through his Monomoy Stables along with Michael Dubb, The Elkstone Group, and Bethlehem Stables. He leased a share of the Tapizar  daughter's racing rights under the banner of his Madaket Stables group.

"It was hard to let Monomoy Girl go at the end of the year, but it seemed like the right thing to do for our stable and partnership," said Kumin, whose partners in both Monomoy Stables and Madaket Stables include New York Mets owner Steve Cohen. "Once I saw Spendthrift bought her, I asked if I could stay involved in some way and they were able to make it happen so we can complete the ride. We have been lucky with Spendthrift in the past, and they are great partners, so we are extremely appreciative they let us back."

My Racehorse Stable's involvement in Monomoy Girl is expected to be formally announced Feb. 25 when it will detail plans to sell microshares of both Monomoy Girl and Got Stormy, who was also bought by Spendthrift at The November Sale.

The offering for Monomoy Girl, which has been filed with the Securities and Exchange Commission, will consist of 10,200 shares of the mare that will be sold for $46. Each share will constitute a .005 share of purse money accrued by the 6-year-old.

Under the terms of the lease agreement, My Racehorse will control 51% of her racing rights, which were purchased from Spendthrift for $300,000. The evaluation of the mare for My Racehorse partners will be $469,200, which includes all racing and training expenses plus management fees.

Though My Racehorse will be announcing the impending sale of shares this week to existing partners so they can express interest in buying them and then the general public, shares cannot be purchased for another week or two until full SEC approval is granted. 

As a result, terms of the deal are expected to allow purchasers of microshares to receive their .005 share of any purse money Monomoy Girl earns in the Bayakoa.

My Racehorse is offering similar terms and conditions for microshares of Got Stormy, who was second in the 2019 TVG Breeders' Cup Mile (G1T). The now 6-year-old mare was purchased by Spendthrift for $2.75 million at The November Sale and kept in training and sent back to trainer Mark Casse for a 2021 campaign, which starts Feb. 27 in the Honey Fox Stakes (G3T) at Gulfstream Park.

A total of 5,100 microshares of Got Stormy will sell for $45 for a .01 share. My Racehorse leased 51% of her racing rights for $125,000.

As in the Monomoy Girl offering, purchasers of Got Stormy microshares will receive credit for any purse money she receives in the Honey Fox, even though their purchase will take place after the race.

My Racehorse and Spendthrift Farm previously teamed last year with Horse of the Year Authentic . My Racehorse sold 12,500 shares of the Kentucky Derby Presented by Woodford Reserve (G1) winner to 5,314 different owners.