Our Story
Scenic Hill Stable was created for people who love the sport and want to experience it up close, without getting lost in a giant ownership group. Led by lifelong horseman Michael Bennett, we blend decades of horsemanship, business acumen, and genuine enthusiasm for racing with an uncompromising focus on the well-being of our horses.
For Michael, who grew up sneaking out of class to watch races at Churchill Downs, Scenic Hill Stable is the realization of a long-held dream: to build a stable where horses are respected, partners are treated like family, and success is something we pursue together.
“From retiring racehorses to turning them into beloved ‘expensive pets,’ to building successful businesses in Kentucky, every step led back to the racetrack.”
A Racing Experience Centered Around You
A Racing Experience Centered Around You
Scenic Hill Racing is designed for a select group of owners who want more than a name on a line. We focus on fun, connection, and building something meaningful, while staying relentlessly committed to the horses that carry our colors.
Our Team
A group of professionals bringing decades of horsemanship, bloodstock insight, and transparent financial management to every decision.
Michael Bennett
Managing Partner
Max Bennett
Volunteer Finance & Strategy Associate
Troy Mulligan, CPA
Accounting & Advisory Board Member
Randy Miles
Bloodstock Agent, Advisory Board Member & Equity Partner
FAQ
Explore Our Unique Ownership Journey
Scenic Hill Stable uses a diversified ownership model. Instead of owning just a single horse, partners share in the entire stable. This means more runners to cheer for, more chances to win, and a deeper connection to the horses in our care. We keep the group intentionally small and like-minded, so you enjoy the benefits of a serious racing operation without feeling like one of hundreds in a crowded syndicate.
As an owner with Scenic Hill Stable, you’re a true participant, not a passive spectator. You can expect:
• A meaningful voice in key decisions around horse selection and campaigning
• An open-door approach from auction ring to racetrack
• A boutique atmosphere where partners know each other and celebrate together
• A culture built on integrity, horsemanship, and genuine respect for the horses.
We believe in clarity and fairness when it comes to investment:
• Your stake provides an interest in the entire stable, not just one horse
• Your initial commitment is designed to cover standard expenses for the first year of ownership
• Management fees are kept well below industry norms
• You receive detailed, transparent reporting on costs, budgeting, and returns — no hidden fees or surprise charges.
Transparency is a daily practice at Scenic Hill Stable. Partners receive:
• Consistent updates on each horse’s training, health, and race plans
• Clear financial reporting and budgeting information
• Easy access to the team for questions and discussion
• Owner-only communication channels and media updates so you always feel informed and involved.
The primary tax benefit for horse owners is 100% Bonus Depreciation, which was made permanent by the “One Big Beautiful Bill Act” passed in July 2025.
Immediate Write-Off: Taxpayers can write off the entire cost of qualifying horses in the year of purchase, provided the asset is also “placed in service” that same year.
Eligibility: This generally applies to horses purchased and used predominantly in the U.S. for business purposes, such as racing and breeding.
“Placed in Service” Requirement: To qualify, a racing prospect must typically be placed in service by the fall of their yearling year or when training begins.
Financial Advantage:
Tax Deduction: Owners can deduct 100% of the asset’s cost from their taxable income immediately, rather than spreading the depreciation over several years.
Cash Flow: This provides significant tax savings in the first year, freeing up cash flow for other expenses.
Example of Savings: Under previous rules (40% depreciation), purchasing a $100,000 yearling would only allow a $40,000 deduction in the first year. Under the 100% Bonus Depreciation rule, the owner can deduct the full $100,000 in the first year, a difference of $60,000 in immediate deductions.
Our Initial Acquisition Plan
• 3–5 two-year-olds to race in 2026
• 3–5 yearlings to race in 2027
Horses will be purchased at premier Ocala and Maryland sales, with the exact number adjusted based on funds raised.
