Who were the syndicate owners of Secretariat?
Between his two- and three-year-old seasons, Meadow Stable’s founder Christopher Chenery passed away, and daughter Penny Chenery called upon the new master of Claiborne Farm, 23-year-old Seth Hancock, to syndicate Secretariat in order to settle estate taxes without liquidating the farm’s bloodstock.
Who owned shares in Secretariat?
Penny Chenery’s father, Chris, died in January and Penny was hit with a daunting tax bill. To keep the stable operating, Penny Chenery managed to syndicate Secretariat, selling 32 shares of the horse for a record $6.08 million.
Who bought the breeding rights to Secretariat?
Although Penny Chenery gets the credit for managing Secretariat’s racing career, Christopher Chenery was the genius behind the matching of Somethingroyal and Bold Ruler to produce Secretariat. In 1965 he set up the deal by which two Meadow mares would be bred annually to top sire Bold Ruler, owned by Ogden Phipps.
What were Secretariat’s stud fees?
Secretariat paid $2.20 to win and his 2:24 remains a world record for 1 1/2 miles on a dirt track, and it’s still two full seconds better than subsequent challengers to his Belmont Stakes record.
How did Penny get Secretariat?
She got Secretariat after losing a coin toss with the Phipps family of Wheatley Stable as to who would have first choice of foals from two Meadow mares that had been bred to Wheatley’s renowned stallion Bold Ruler.
Why was Secretariat sold to a breeding syndicate?
Before his 1973 season, Secretariat became the solution to a financial crisis. Chenery died in January and as the builder of Meadow Stable in Doswell, Va., he left behind hefty estate taxes. His family decided to pay the bill by selling Secretariat to a breeding syndicate that would assume ownership at the end of the horse’s racing days.
What was the price of Secretariat when he was sold?
As the builder of Meadow Stud, he left behind hefty estate taxes. His family decided to pay the bill by selling Secretariat to a breeding syndicate that would assume ownership at the end of the horse’s racing days. The price tag was a then-record $6.08 million. Who is the greatest horse of all time?
How much money did Secretariat make in racing?
Racing earnings: $1,316,808, or $7,031,042.93 in today’s dollars. Stud value: $6.08 million, or $32.46 million in today’s dollars. Subsequently, question is, how much was the stud fee for Secretariat? Christopher Chenery, Penny’s father, died in January. As the builder of Meadow Stud, he left behind hefty estate taxes.
Where did Secretariat come from to race in Canada?
For Secretariat’s finale the racing community responded with adulation seldom before exhibited at a Canadian track. They came from Texas, Ohio, California, Michigan, Kentucky and Massachusetts, and every province in the country to see the horse many acclaimed as “The Horse of the Century”.