The intrinsic understanding of Kentucky Derby racehorse Justify’s current estimated value of $100 million-plus may be a bit of a struggle. But if the horse goes right to stud, that number is just the beginning.
Although keeping the Triple Crown winner on the track is still an option. As this is written, the possibility is always a fright. After all, the $60 million deal for breeding rights, in place after Justify won the Derby, will undoubtedly be enriched many times over.
Justify has already brought home enough bucks to pay expenses for a while. After the September tax benefits kick in, the wheeling and dealing will decisively commence. If you have an idea of the “enormous numbers involved” — hats off!
To the club of Justify owners, congratulations! We’re all jealous. Meanwhile, just for kicks, let’s get a public report in a couple of years — I bet it’s interesting.