This year’s Kentucky Derby winner had some additional folks in its corner thanks to a sports investment app.
As Mage galloped across the finish line to top the field at Churchill Downs on Saturday, 25 percent of the horse’s ownership came through the Commonwealth app, which allows people to buy shares in a pro athlete.
The Commonwealth investors who bought 50-plus shares (valued at $2,500) in Mage got to engage with the horse through morning workout and paddock time, per Action Network’s Darren Rovell.
They also got to join the celebration in winner’s circle and can meet the horse and its jockey.
The 300+ Commonwealth app owners of Mage own 25 percent of the horse.
Those who bought 50+ shares ($2,500) get morning workout and paddock privileges, winner’s circle access and opportunity to meet horse and jockey. pic.twitter.com/IzA29HKixN
— Darren Rovell (@darrenrovell) May 6, 2023
Shareholders on Commonwealth will receive portions of Mage’s net earnings from race purses, sales and future breeding. Now a Kentucky Derby winner, that value is going to skyrocket.
Winning the Run for the Roses alone netted Mage an eye-popping $1.86 million. And the race season is still young.
As the way sports fans engage with athletics continues to evolve, Commonwealth has linked together the Kentucky Derby and its patrons in a new way.
As Mage is now a derby winner, its Commonwealth stakeholders will get to take their own victory lap for backing the right horse. It’s a new wrinkle in the way people engage in an annual sporting tradition.
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