B. Wayne Hughes

The University of Louisville College of Business Equine Industry Program has named Spendthrift Farm owner B. Wayne Hughes as the winner of the 2019 John W. Galbreath Award for Outstanding Entrepreneurship in the Equine Industry. "B. Wayne Hughes helped shift the breeding industry paradigm significantly in the last decade," said Sean Beirne, director of the equine program. "He has not been afraid to rethink and experiment to lead the industry in a new direction." The Galbreath Award has been given annually since 1990 to honor entrepreneurial leadership that has had...

Michael Behrens has very suddenly--and a bit unexpectedly, he admits--found himself in a position to be buying a significant amount of bloodstock. Behrens is the co-founder of MyRacehorse, the micro-shares syndicate that acquires partnership interests in racehorses then slices those assets into far smaller investment opportunities that generally cost below $400 per share and usually equate to one-tenth of one percent of ownership in a race-ready horse, all training costs included. The firm barely existed a year ago and only bought its first 2-year-old at auction this March. Yet Behrens...