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Bobby Flay Not Only Cooks, He Invests in Thoroughbreds

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    Celebrity chef Bobby Flay explains what he looks for when he buys a horse.

  • Duration 3:41
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This transcript is automatically generated

Yes -- some big names with.

Very deep pockets looking to get into thoroughbred race saying and very beautiful Saratoga New York yes and back to Cheryl Casone is standing by there at that.

They track for -- to -- While we're at the sites of the at this site the -- side of the fast attempt to sell this one of the most exclusive sales.

In the world I mean these were these horses if you can see any right now on actually I think that -- is hiding behind it the stalls right there these -- are -- -- be sold.

For maybe millions dollars tonight now we had a chance talk about -- the sport of kings.

Prop up the sport of chefs.

Bobby -- celebrity ship we had a chance exclusively Fox Business said to following camera around and ask him to find out what is looking for.

When he buys.

Of course.

It.

A lot of it is guesswork and you hope for the best -- but even the best of course pickers can pay millions of dollars for a -- in the course.

Can not be successful even make it to the -- movie ask you about that because obviously we know you as celebrity chef Bobby -- at the same time.

Maybe a lot of people don't know you as horse owner -- horse trainer Bobby -- the united artists.

But does it make you nervous when you're about to put down potentially millions of dollars on animals and -- know if they're gonna be winners and oh yes sure that I'm actually look.

You get this it's like buying building literally because it's it's like buying a really -- piece of real estate.

If I'd buy that worse tomorrow night.

I'm probably gonna owner for twenty years and I -- know that she's not.

Going to reap the benefits.

For me in the first year 2345.

But maybe down the line as time goes on she day.

Based on the babies that she -- and the ones that I sell that at the sales.

You know so it's it's it's one of those things that's it be if have a lot of patients in this business on the trying to Kentucky Derby I'm trying to be in the -- business in the next twenty years and so.

When I when I look at of course like her I think about her as being part of my.

My -- my my business.

And so it's not just about.

-- he can run fast track of course he wanted -- as a nation we're valuable she makes money the racetrack but ultimately I think about her as being.

Bomb was producing.

Even faster -- As we mentioned that you consider this dozens of final horses and by in the building of the complete business to you would you recommend anybody watching right now.

They're all they're all asking you how to cook would you recommend to them to get into the worst behind us.

Well I mean I think that it's not for everybody.

But I think that.

I pizza business that a lot of people are intrigued by.

We don't know a lot about I think the best way to get at least business these days is to -- something that's known as syndicate.

Where.

If you can -- you can -- 547.

Or 10% of course what maybe.

5% of five forces and this we have a lot of fun that we extract enough to make -- -- -- decisions you go there who can get.

You get yourself educated.

So that if you if it's something you want to spend more time money on down the line you'll have have some experience that's the best way to do.

OK so Bobby says for the average investor maybe you can you know get a syndicate we touched her Philly but coming up -- -- Nextel we're gonna have a man.

Who last night.

-- a winning bid he spent more than two -- -- thousand dollars on the source on another wars and he's going to be joining -- talk about how he can turn 90000 -- did turn 90000.

In -- 100000.

They get -- to get back -- it was in the next -- markets now.

I have been able to ride a horse yet some assurance today a more economic guys.

That was waiting for that Sarah are -- Barack and I literally get on -- shape.

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