Sheila Rosenblum, owner of Lady Sheila Stable, May 27 announced a new endeavor in the horse racing industry as manager of a syndicate that will rely significantly on female investors. Lady Sheila Stable Two, the newly launched syndicate, expects to begin racing in summer 2014.
According to the announcement, the syndicate will further solidify the partnership between Rosenblum and trainer Linda Rice, who will enter the ownership group as a member and select and train all of the horses.
Among the horses trained by Rice for lady Sheila Stable is La Verdad, winner of the April 19 Distaff Handicap (gr. II) at Aqueduct Racetrack. The winning time of 1:09:10 in the six-furlong sprint marked the first graded stakes victory for the 4-year-old filly and her seventh win in her last eight starts.
Lady Sheila Stable Two has already begun purchasing 2-year-olds and plans to add between four and six horses to the stable through private sales, yearling auctions, and weanling auctions, each with an average purchase price of $200,000, according to a release. Each membership unit in the stable will cost $100,000 and it is anticipated that there will be no ongoing costs charged for a two-year period.
"Racing is a truly thrilling sport that has provided me with a great deal of personal enjoyment. I strongly believe that increasing interest in the sport among women is crucial to the long-term vitality of the industry," Rosenblum said in a release. "This new syndicate will provide women with the opportunity to gain exposure and experience in an often male-dominated game. I look forward to welcoming other like-minded women to join me as we create this exciting racing opportunity."
"Racing needs more owners who are as determined and resilient as Sheila," Rice added in a statement. "We have developed an amazing partnership together that will serve as the foundation for the new syndicate. I anticipate the long-term success of this new endeavor and the horses that will race for these silks."
According to Lady Sheila Stable, it has a record of 13-9-10 from 54 starts (59% ITM) since its inception, with earnings totaling more than $850,000. In 2014, due to the emergence of La Verdad, the stable has earned more than $375,000, ranking near the top 100 of more than 18,000 owners nationwide. The stable has a 4-3-4 record in 14 starts (79% ITM) in 2014.