NEW YORK--(BUSINESS WIRE)--Sport-BLX, Inc. ("SportBLX", the "Company" or "we") today announced that a share offering for Magdalena Racing Corp. (“Magdalena Racing”) will be available through SportBLX’s website. For more information, go to www.sportblx.com/magdalena.
Magdalena Racing is a newly formed company that will be led by CEO, Ken McPeek. Mr. McPeek is an experienced horseman who has a successful track record as a buying agent at elite yearling sales. Mr. McPeek is a multiple graded-stakes winning trainer who stables and races horses at Keeneland, Churchill Downs, Gulfstream Park and Saratoga, among other tracks, and keeps a portion of the horses he trains under his care at his Magdalena Farm in Lexington, Kentucky.
After completing its offering, Magdalena Racing will acquire, hold and attempt to profit from the performance of a portfolio of thoroughbred racehorses. Shareholders will be entitled to access unique content and stay informed about the operations of Magdalena Racing. “I look forward to applying our time-tested methods for acquiring, developing and training yearlings, and I am excited to take the next step in my career and advance the industry with innovation using financial technology,” said Mr. McPeek.
SportBLX is a financial technology company that enables fans and investors to purchase shares in unique sports assets. In the coming months, SportBLX will be hosting a number of new offerings in basketball, golf, baseball, soccer and horse racing. The Magdalena Racing share offering will be available only to “accredited investors,” but future offerings may be available to a broader group of investors. For more information, go to www.sportblx.com.
“Our goals are to revolutionize fan engagement and the investing landscape,” said George E. Hall, Executive Chairman of SportBLX, and owner of Ruler on Ice who won the 2011 Belmont Stakes. “We are delighted to partner with Kenny to make a big push in thoroughbred racing and provide the excitement of race horse ownership to new investors.”
No offer or invitation or solicitation to purchase securities will be made prior to the delivery of definitive documentation relating to the specific securities being offered. Before making an investment decision with respect to any investment, potential investors are advised to carefully read the related final documentation and offering memorandum documents. Investments displayed on the website are not bank deposits, are not insured by the FDIC or by any other federal government agency, are not guaranteed by SportBLX, and may lose value.
Certain securities are offered through North Capital Private Securities ("NCPS"), Member FINRA/ SIPC, located at 623 East Ft. Union Blvd, Suite 101, Salt Lake City, UT 84047. NCPS does not make investment recommendations and no communication, through the website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform.
The Magdalena Racing offering is a “private offering” of securities that are not publicly traded, are subject to holding period requirements, and are intended only for accredited investors who do not need or require a liquid investment. The private offerings will not be registered with the SEC or any state securities commission or regulatory authority. Investments in private offerings are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in such offerings. Investments in private offerings are illiquid and those investors who cannot hold an investment for an indeterminate period should not invest.