Sol Kumin

stark
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Joined: Thu Oct 03, 2013 9:55 am
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Thu Jun 07, 2018 9:45 am

Horsebagger wrote:Two questions.....

1 - Is he genuinely making money with this buying into a minority piece of horses in training strategy? Seems to have a piece of something in every big stake. And a lot of non-stakes horses as well in NY. Buying into Justify has to have cost a lot, right?

2 - Does he even care or is he happy with the winner's circle photo collection he's garnered?
“To me, and the couple guys that I do this with, it’s more fun to be in the winner’s circle when Justify wins the Derby holding the trophy,” said Sol Kumin, a hedge fund executive who runs Head of Plains. “So you kind of have to pick. If this became my full-time job, which it won’t, I would have a different program, focusing more on the stallion business and breeding. Now we still want to make money, and so far we’ve done well, but it’s hard.”
I've found it easier to tear up tickets at 8/1 instead of 8/5.
Horsebagger
Posts: 1937
Joined: Thu Sep 12, 2013 7:20 pm

Thu Jun 07, 2018 11:03 am

stark wrote:
Horsebagger wrote:Two questions.....

1 - Is he genuinely making money with this buying into a minority piece of horses in training strategy? Seems to have a piece of something in every big stake. And a lot of non-stakes horses as well in NY. Buying into Justify has to have cost a lot, right?

2 - Does he even care or is he happy with the winner's circle photo collection he's garnered?
“To me, and the couple guys that I do this with, it’s more fun to be in the winner’s circle when Justify wins the Derby holding the trophy,” said Sol Kumin, a hedge fund executive who runs Head of Plains. “So you kind of have to pick. If this became my full-time job, which it won’t, I would have a different program, focusing more on the stallion business and breeding. Now we still want to make money, and so far we’ve done well, but it’s hard.”
So the translation relative to the answers to my questions likely appear to be:

1 - NO
2 - YES
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Sparrow Castle
Posts: 4753
Joined: Wed Sep 18, 2013 6:44 pm

Mon Jun 25, 2018 3:47 pm

Another purchase, another stable name...

Madaket Stables Buys into Midnight Bisou
Madaket Stables of Sol Kumin has purchased a minority interest in Grade I winner Midnight Bisou (Midnight Lute), it was announced Monday. The GI Santa Anita Oaks winner will race under the ownership of Bloom Racing Stable, Madaket Stables and Allen Racing LLC when she runs in the GII Mother Goose S. for trainer Steve Asmussen Saturday.
More: http://www.thoroughbreddailynews.com/ma ... ight-bisou
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mariasmon
Posts: 3851
Joined: Fri Sep 13, 2013 9:38 am

Mon Jun 25, 2018 4:07 pm

Sparrow Castle wrote:Another purchase, another stable name...

Madaket Stables Buys into Midnight Bisou
Madaket Stables of Sol Kumin has purchased a minority interest in Grade I winner Midnight Bisou (Midnight Lute), it was announced Monday. The GI Santa Anita Oaks winner will race under the ownership of Bloom Racing Stable, Madaket Stables and Allen Racing LLC when she runs in the GII Mother Goose S. for trainer Steve Asmussen Saturday.
More: http://www.thoroughbreddailynews.com/ma ... ight-bisou
Madaket Stables is not new. He's been using it since at least 2016. That partnership co-owns or co-owned Ascend, Bowies Hero, A Raving Beauty (GER), Mia Mischief, Long On Value, Ivy Bell, Ballagh Rocks, Hawkish, La Signare (FR), Ezmosh, Fanciful Angel (IRE) and Catholic Boy, among others.
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Sparrow Castle
Posts: 4753
Joined: Wed Sep 18, 2013 6:44 pm

Mon Jun 25, 2018 7:25 pm

mariasmon wrote:
Sparrow Castle wrote:Another purchase, another stable name...

Madaket Stables Buys into Midnight Bisou
Madaket Stables of Sol Kumin has purchased a minority interest in Grade I winner Midnight Bisou (Midnight Lute), it was announced Monday. The GI Santa Anita Oaks winner will race under the ownership of Bloom Racing Stable, Madaket Stables and Allen Racing LLC when she runs in the GII Mother Goose S. for trainer Steve Asmussen Saturday.
More: http://www.thoroughbreddailynews.com/ma ... ight-bisou
Madaket Stables is not new. He's been using it since at least 2016. That partnership co-owns or co-owned Ascend, Bowies Hero, A Raving Beauty (GER), Mia Mischief, Long On Value, Ivy Bell, Ballagh Rocks, Hawkish, La Signare (FR), Ezmosh, Fanciful Angel (IRE) and Catholic Boy, among others.
Thanks. I guess I should be writing them down. Can't keep track of all of his stable names from memory.
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Squeaky
Posts: 734
Joined: Sat Sep 14, 2013 12:29 pm

Mon Jun 25, 2018 8:13 pm

He names them after places in Nantucket where he has a large summer home.
stark
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Location: SoCal

Thu Sep 20, 2018 1:22 pm

Good interview with Sol from a couple weeks ago, starts at the 25 minute mark.
https://www.youtube.com/watch?v=6skSc67fRDQ
I've found it easier to tear up tickets at 8/1 instead of 8/5.
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