isn't that uncommon in the horse industry. You would be surprised that the number of people who can own millions of dollars worth of horses and can't afford to pay the feed bill.

and raising thoroughbreds. His farm went bankrupt in the time of the housing bubble. I think he got into coaching to get back on his feet financially. Raising horses seems like a pretty risky venture for a guy from Jersey City.

if you don’t have extensive background in the horse business.