MyRacehorse has acquired a 25% stake in the yearling full-brother to Kentucky Derby winner Mage and Belmont Stakes winner Dornoch, Resolute Racing’s John Stewart confirmed Friday evening.
The colt, affectionately nicknamed “Preaky” at Resolute Racing, is also a half-brother to 2024 Kentucky Derby starter Baeza (McKinzie). The nickname references the Triple Crown race—the Preakness Stakes—that Puca’s offspring have yet to win.
Stewart purchased the dam Puca for $2.9 million at the 2023 Keeneland November sale while she was in foal with this colt.
“I wanted to do this because most of the time—well all of the time—there’s no way the everyday fan would ever have a chance of owning a horse like this because he’s just such a special horse,” Stewart said. “And so I wanted to do something to partner with fans. I think My Racehorse is a good solution.”
Investors can purchase microshares in the colt for $98 each, with a guarantee that their investment will be returned if the horse never enters training. The pricing structure values the yearling at $4.5 million.
As of Friday evening, $245,294 of the available $980,000 in shares had been raised.
“I think the people that pay $98 for a share of Puca ’24 understand that that’s a microshare,” said Stewart. “And so they’re kind of sharing in that opportunity. And so just for me, it’s less about the money, more about the chance to engage with the fans.”
The timing of the offering coincides with Baeza’s Kentucky Derby appearance, marking the third consecutive year that Puca’s offspring have competed in Triple Crown races.
Stewart has consistently described the yearling as exceptional. “When he was born, he was over 150 pounds and he came out and he’s like a perfect physical specimen. And we’ve had every stallion farm come and visit him already,” Stewart noted.
“He’s got a perfect conformation, and these special horses they kind of breathe different air when you’re around him. And he’s had that attitude. He poses in the field when people take pictures. He’s just kind of just been full of himself from the beginning.”
Chad Brown, who trained Good Magic—the sire of all three colts—has been selected to train the yearling.
“He’s my main trainer,” Stewart explained. “I use a variety of trainers, but I like the way Chad trains and with an investment of this quality, we agree that he is in really good hands with Chad.”
Stewart has recently made fan engagement a priority, opening his farm to Horse Country tours and hosting events like “Brunch with the Babies” and a farm party last fall.
“I started as a fan, a horse player, and I think people drive by the horse farms and they see the gates and it feels like, ‘don’t come in,'” said Stewart. “I’m just trying to include people in everything. And what I want people to understand is, is that the barrier that people may see that there is to being a participant in the industry really doesn’t exist.”
He added, “By and large, the community has embraced us and they’re welcomed to them. And so I’m just trying to help others have that same experience to help to grow the game.”
