With only one in five horse going on to win races, horses are a risky investment, said James Ramsden, co-founder of Chelsea Thoroughbreds.» Read More
CNBC's Jane Wells reports from Santa Anita, CA where the most profitable horse racing event of the year, The Breeders Cup, will take place.
For Tattersalls bloodstock auction in Suffolk, U.K., selling thoroughbred racing horses is big business. This week has demonstrated just how big.
John Messara, chairman of Arrowfield Group, tells CNBC what a win at Ascot for his horse 'Animal Kingdom' would mean.
Belmont Stakes 2013 winner Mike Smith discusses his second win. His 3-year-old Palace Malice had only won one in seven starts going into Belmont.
On the eve of the 139th Kentucky Derby, Brian Shactman talks to Churchill Downs' CEO Robert Evans about racing and revenues.
International travel usually ranges from $8,000 to $30,000, depending on the number of horses. Yet, some owners do whatever is wanted and needed to get the horse to the race.
During the recession, prices for Thoroughbreds took a devastating fall, with many predicting that top horse values would never recover to their 2005-2007 highs. But prices have now recovered some lost ground.
A look at the early favorites to watch in the Kentucky Derby this year, with CNBC's Brian Shactman.
CNBC's Brian Shactman is at the home of Saturday's Kentucky Derby, where Brown-Forman has cooked up a mint julep with a $1,000 price tag. Tim Laird, Brown-Forman's "Chief Entertaining Officer" makes one for Brian and explains what makes it so expensive.
This is the eighth year the grand-a-piece drinks are being offered at the Derby by bourbon maker Woodford Reserve.
The truth is that huge money is everywhere at the Derby: from the $8,000 per ticket new luxury area called the "Mansion," to the $500 hats and $1,000 mint julep.
CNBC's Robert Frank takes a look at some of the nation's most expensive equestrian estates.
Hong Kong is playing host to Asia's highest level of show jumping, the Longines Hong Kong Masters. CNBC's Bernie Lo speaks to the organiser's vice president, Matthieu Gheysen.
Some sports are more expensive than others. Some require expensive equipment, others require monthly fees, and others appear down-market at first but have hidden costs that can really add up. Click to see what some of these sports are.
There will be no Triple Crown winner in horse racing this year. The winner of the Kentucky Derby and Preakness, I'll Have Another, was scratched Friday, a day before the Belmont Stakes.
CNBC's Darren Rovell reports on the ramifications of "I'll Have Another's" pullout from the Belmont Stakes.
"I'll Have Another" has pulled out of the Belmont Stakes, reports CNBC's Darren Rovell. Dan Fitzpatrick, StockMarketMentor.com, weighs in on the corporate impact of the story.
CNBC's Darren Rovell reports I'll Have Another will not run in the Belmont Stakes, knocking the thoroughbred out of contention for the Triple Crown.
I'll Have Another comes into the Belmont with as little fanfare as we've seen in recent horses that have won both the Derby and the Preakness. But this is a horse that the horse racing industry has to get behind.
William Mack, Mack-Cali Realty non-executive chairman, weighs in on an I'll Have Another Belmont Stakes win; the outlook on housing; and how global uncertainty is stalling the U.S. economic recovery, with Byron Wien, Blackstone Advisory Partners vice chairman.