Len Green

NY Chaplaincy to Honor Len Green

Len Green will be honored with the New York Race Track Chaplaincy's Marylou Whitney Award for his ongoing humanitarian support of the New York backstretch community. Green will be presented the award at the group's 17th annual Fundraising Brunch to be held Aug. 14 at Saratoga National Golf Course in Saratoga Springs. "Len and his late wife Lois have silently, although generously, supported an increasing number of NY Chaplaincy vital initiatives and events over the course of the past several years," said Ramon Dominguez, president of the board of the...

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OwnerView Thoroughbred Owner Conference Virtual Series Begins with Panel on Audits

The 2024 Thoroughbred Owner Conference hosted its first panel Mar. 5, with a discussion about how Thoroughbred owners can avoid, prepare for and survive an audit. The panel was sponsored by Mersant International. Gary Falter, project manager for OwnerView, moderated the panel with guests Len Green, founder and chairman of The Green Group, and Frank Palino, Tax Controversy & Divorce Mediation, The Green Group. The panel delved into the intricacies of how the Internal Revenue Service views horse and farm owners and how those owners can best prepare for tax...

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How to Beat the Odds and Have a Successful Succession of Your Horse-Related Business

By John Wollenberg, JD, CPA, and Leonard C. Green, CPA, MBA Editor's Note: Chris McGrath's popular TDN series "Succession" about horse racing-industry businesses passed from one generation to the next sparked this column by Len Green and John Wollenberg. The odds are frightening that only 50% of family businesses that are successful are passed to the second generation. Only 10% are successfully passed on to the third generation. There are many reasons for this and volumes of material have been written on this subject. But few provide you with the...

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Len Green To Receive Marylou Whitney Award At Annual Saratoga Brunch

Len Green will be honored by the New York Race Track Chaplaincy with the Marylou Whitney Award at its Annual Fundraising Brunch Aug. 14, the organization announced Thursday. Founder of The Green Group, a CPA firm specializing in the Thoroughbred industry, Green also works with son Jon who manages D.J. Stables, the owners of Eclipse winners Jaywalk (Cross Traffic) and Wonder Wheel (Into Mischief). "Len and his late wife Lois have silently, although generously, supported an increasing number of NY Chaplaincy vital initiatives and events over the course of the...

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Sound Tax Advice From The Green Group As The Wire Approaches

by Len Green, CPA and John Wollenberg, CPA In Thoroughbred racing, it's not over until the horse crosses the wire. The same is true with maximizing your tax deductions and minimizing your taxes. For those who think it is too late to save on your 2023 taxes, The Green Group is here to tell you, it's not! With over 40 years of experience and our knowledge of the new tax laws, we are confident the following information will assist as you approach the 2023 home stretch. Impact of Recent Tax...

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Len Green Joins the TDN Writers' Room Podcast

Who better to be the Green Group Guest of the Week Than Mr. Green Group himself, Len Green. Green joined the 'TDN Writers' Room' podcast presented by Keeneland to discuss the latest goings-on with his DJ Stable as well as to offer advice on how those in the Thoroughbred industry can best prepare for the upcoming tax season. The best horse DJ Stable campaigned in recent years was Wonder Wheel (Into Mischief), who won the 2022 GI Breeders' Cup Juvenile Fillies on her way to being named champion 2-year-old filly....

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Len Green Joins the TDN Writers' Room

Len Green, the founder of The Green Group, joined this week's TDN Writers' Room to share what breeders and owners can do before the close of the year to save money on taxes.

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Theater Review: Gabe Mollica's `Solo, A Show About Friendship'

I first met Drew Mollica in 1988 when I was assigned by the Thoroughbred Record to write a cover story on Chris Antley, for whom Mollica was serving as a jockey agent at the time. I found Mollica hysterically funny and, full disclosure, we have been friends ever since. Having since earned his law degree, Drew now practices what might be called racetrack law, and counts the TDN among his clients. Tuesday night, I attended the opening night of his son, Gabe's, one-man show, Solo, in New York City's East...

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$1.2M Half-Brother To Mage Leads Competitive Book 2 Opener at Keeneland

By Jessica Martini & Christina Bossinakis LEXINGTON, KY - The Keeneland September Yearling Sale's first Book 2 session continued right on from where the auction's elite Book 1 section concluded, producing strong results largely in line with last year's record-setting renewal. During Wednesday's session, 209 yearlings sold for $64,024,000. The session average of $306,335 and the median was $255,000. During last year's Book 2 opener, 219 head grossed $66,695,000 for an average of $304,543 and a median of $250,000. With 83 horses reported not sold, the buy-back rate was 28.42%....

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Pletchers Honored With Marylou Whitney Award For Commitment To The Backstretch Community

Hall of Fame trainer Todd Pletcher, along with his wife Tracy, received the Marylou Whitney Award from the New York Race Track Chaplaincy for their continuing devotion and support of the backstretch community at the organization's 16th annual fundraising brunch at the Saratoga National Golf Club, the organization said in a release Wednesday. "I can't say enough about what the New York Race Track Chaplaincy organization does for the backstretch community," Pletcher said. "It provides so much more than spiritual help. I look at it like the mayor's office where...

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Len Green Issues Challenge Grant in Memory of Wife Lois

Len Green has issued a $25,000 challenge grant to raise money for the New York Racetrack Chaplaincy's Summer Enrichment Program, in memory of his wife, Lois, who passed away May 31. The Chaplaincy's summer enrichment program provides the children of backstretch workers the opportunity to attend local summer camps when their families travel to Saratoga for work during the race meeting. "In Hebrew tradition there is a saying which translates to `may her memory be a blessing,' said the Chaplaincy Board President Ramon Dominguez about the gift. "It is up...

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Lois Green of DJ Stables Passes Away

Lois Green, the co-owner of DJ Stables with her husband Len, passed away Wednesday morning, May 31, according to her husband. She was 84. Green graduated from Rutgers University with a degree in Biology. She was a trustee of the Leonard and Lois Green Charitable Foundation. "Lois was an avid reader of the TDN and was a truly involved horse person," said Len Green in an email. "Her specialty was the vet work and breeding. She was manager of DJ Stable in the early years. Under her leadership we won...

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