Jeff Callan, Founder and Managing Director announced additional options and some updated pricing on multiple Shamrock Highlands properties. “We periodically re-evaluate our asset market valuations and adjust accordingly. Assets have been going up on many of the acquisitions as they progress, but they can also go down…that’s the nature of the business.” Callan asserted that this is the time to find some great value buys for the pre-summer 2022 race season.
“Regarding the Cat (Perfect Silent Cat), he hasn’t been sharp as of late, so we have lowered his valuation accordingly. We still believe he is a very nice racehorse, we still believe he prefers the turf, but we have not had the opportunity to find a turf race that fits him lately. That’s where we are targeting him.” He also announced that Perfect Silent Cat, along with all horses in training, will ship this week to Kentucky. “We’ll bring the Cat to Kentucky, move him to our farm for about 10 days to freshen up, give him one or two good works and find a turf race that fits him. He’s sound, and we expect him to be back in the form we saw last spring.”
Another new move for the Shamrock Highlands Thoroughbreds partnership is a 5% offering. Up to this point, 10% shares were the minimum. When asked about the 5% offerings and what drove the decision, Callan responded: “We started this business for the regular everyday person to have an opportunity to own a percentage of a thoroughbred racehorse that is an alternative to bigger stakes like ¼ and ½ horse, but more substantial than micro share opportunities that we’ve seen in the market lately. With costs on everything going up and some of our opportunities showing significant appreciation, the 10% floor shut out many of the people we intended to provide an opportunity to. While this drives our cost up regarding bookwork, invoicing, and other administrative expenses, we want to maintain our core values about why we started Shamrock Highlands Thoroughbreds to begin with.”
Regarding the soon-to-foal Maximum Security colt, Shamrock Highlands is offering this new 5% opportunity there as well. “Our first foal is a very exciting event we’re all waiting on. Her due date is right on top of us, and we’re checking in day-by-day to see what we have here in the way of size and confirmation. The breeding and cross is certainly something to get excited about, and we will be offering a 5% option on this colt.” Callan renewed his dedication to the Shamrock Highlands mission, adding, “We will continue to ensure that our product is within reach of racing fans and the everyday family or individual. These changes are to make sure we keep our perspective on our current and future partners. Those who have started with us and bought in early may have a 20% interest. Now they can sell 5 or 10%, using that gain to purchase additional assets. Like I’ve said in the past, this is an opportunity to not only spread out the risks, but also increasing a partner’s opportunities. It’s one of the many ways we are structured to allow our partners to have a lot of flexibility.”
All this news comes just after Zipper Zapper placed 2nd in a recent race at Tampa Bay Downs, a good omen for more exciting news to come out of the shift in strategy and the new Kentucky location.
