A CEO spent $120,000 for a stake in a horse that's favored to win $1 million at the Breeder's Cup [CNBC]
U S Concrete, Inc. (USCR)
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Source: CNBC
The CEO of US Concrete spent $120,000 for a stake in a horse that's favored to win $1 million at the Breeder's Cup Sillouetted horses on track in the morning in preparation for the Breeders Cup at Santa Anita Park on October 27, 2019 in Arcadia, California. Horsephotos | Getty Images The CEO of U.S. Concrete Bill Sandbrook is the majority owner of thoroughbred Decorated Invader, who is favored at 4-to-1 to win the Juvenile Turf race in the 2019 Breeder's Cup taking place Friday and Saturday at Santa Anita Park in Arcadia, California. With a 60% stake in Decorated Invader, That prize money isn't bad considering the executive paid $120,000 to the investment group that owns the thoroughbred horse, giving him majority ownership. According to Equibase, a company that provides racing information to thoroughbred racetracks, the 2-year-old colt has earned $180,375 in 2019, finishing with two first-place wins in three starts. "My heart is going to be pounding" when Decorated Invader heads to
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