Kentucky Derby horse race and emerging racers from China
Chinese businesses are eager to strengthen their presence in the world. But the following story is not related to the field of consumer goods or electronics production, but China is the world’s largest producer.
A Malaysian businessman and Chinese partners were interested in a very traditional sport in the US – horse racing. The promotional signs for this year’s race were easily seen at Churchill Downs in Louisville Kentucky… they are a good sign for horse racing fans.
This year, the Chinese Horse Club is making a big bet on two of his purebred horses Audible and Justify. These are the two most likely horses in the Kentucky Derby this year. Architect Teo Ah Khing found a passion for horse racing after designing a racetrack in Dubai. Six years ago – he founded this Chinese Horse Club.
Mr. Teo shared: “That design has forced me to understand not only the constructions and regulations in it, but also forcing me to understand both the horses and understand why so many owners. The horse is crazy about this type of horse”.
With a lot of things to learn, Teo has partnered with Winstar Farm, one of the leading operations in pure horse breeding and horse racing in Kentucky. David Hanley of Winstar farm said: “The Chinese horse club is a great partner, they are very knowledgeable about horse business. They have realistic expectations, they understand what to expect”.
And their two favorite horses will join the race on Saturday with a high expectation. Horse racing is a multi-billion dollar industry that employs tens of thousands of workers in Kentucky. A victory here by a pure Chinese owned horse may open a new and hot market for Chinese investors.
Mr. Chauncey Morris of the Kentucky Racecourse Association said: “The Chinese are extremely quick in business. They are willing to accept financial risks so that they can earn huge profits later”. Currently, Teo will focus on what horse racing fans call two minutes of miraculous sports. Win or lose, Teo also has very interesting experiences.
“There are 16 horses”, said Teo. There will only be one winner. What if your horse is only on Tuesday or Wednesday? And you’ll see people’s reaction when their horse doesn’t win. It is also a valuable lesson to experience in life”.
Justify has the odds of placing 1 to 3 for winning the 144th Kentucky Derby race this weekend. Teo also hopes Audible, who won the Florida Derby last month – will not be left too far behind.