Len Green

Derby Diary: Destination Louisville

We departed New Jersey today-destination Louisville. The flight took almost two hours and thankfully was without incident. But, in reality, the journey to this time and place began almost 40 years ago when my dad tore his Achilles while playing tennis. Back then, the best way to treat a ruptured tendon was to be placed in a cast from your ankle to your upper hip and keep your body as immobile as possible. Well, anyone who knows my dad understands that this directive was going to be short-lived. As someone...

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Green Gets to the Derby His Way

One after another, the lights were turning red on the young Leonard Green. He had a bad stutter that made him an introvert in mixed company. Dyslexic, too. Couldn't keep numbers in his head: hardly, as such, an accountant in the making. Sure enough, he'd now been fired from a fourth job in a row. "I didn't even know what an entrepreneur was," Green recalls now. "But it turned out to be somebody who thought outside the box, and took calculated risks, and spotted opportunities. And--boom! I suddenly realized that...

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The Parting Gift of Don Bernardo

So just what are those Derby gods up to now? What seeds of comfort, of commemoration, did they sow in the grief of last summer? Bernardo Alvarez Calderon was not just patriarch of a large and loving family, but something of a godfather for the entire Thoroughbred racing and breeding community of Peru. Its esteem was palpable after his loss last August, aged 78, following a fall. The president of the national breeders' association described him as "a horseman par excellence, whose contribution to our breed will last forever; an...

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D J Stable, Green Group's Len Green Talks Making the Horse Business Profitable On Writers' Room

It's no secret that the horse business is a tough one if your primary goal is to make money. But your chances are better the more experience and expertise you accrue, and The Green Group's Len Green has decades of both. Wednesday, the tax, accounting and consulting firm's founder and principal of successful racing outfit D J Stable joined the TDN Writers' Room presented by Keeneland to impart his advice on turning a profit in racing, discuss what tax changes could be coming down the pike with a new presidential...

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Len Green Joins the TDN Writers' Room

Green Group Founder Len Green joined this week's TDN Writers' Room to discuss how to become profitable in the horse business.

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Proven Strategies: End-of-Year Tax-Saving Tips

In horse racing, the contest is not over until the horse crosses the finish line. 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 2020 taxes, we are here to tell you, it is not! With over 40 years' experience saving our clients taxes along with our knowledge of the new tax laws, we are confident the following information will help you as you approach the 2020 home stretch and allow you to hit...

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Helium Floats Away from Them at Woodbine to Become First Stakes Winner for Ironicus

Helium backed up a sharp and fast track-and-trip debut score Sept. 27 to dominate Sunday's Display S. at Woodbine and become the first black-type winner for his freshman sire (by Distorted Humor). Off as the narrow 7-5 favorite over fellow impressive debut winner Maclean's Posse, the bay broke well and took up a stalking spot off the inside as his chief market rival took heat from two foes through splits of :23.65 and :46.40. Helium advanced ominously while out wide heading for home, and found another gear when called upon...

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Proven Strategies: If You are an Independent Contractor, What Tax Deductions Are You Entitled to?

COVID-19 has changed the way we go about our daily lives. It has also increased the number of individuals who are self-employed and have no other employees, also known as independent contractors. The formal definition of an independent contractor is a person or entity contracted to perform work for, or provide services to another entity as a nonemployee (meaning that the employee is "at will" and not eligible for an employer's health or retirement benefits). The general rule is that an individual is an independent contractor if the payer has...

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Proven Strategies: Your Questions Answered

Ever since I have been writing this column for the TDN, I receive calls and emails asking a variety of questions about the Thoroughbred business. The ones that relate to very specific facts and circumstances, I answer directly. When the questions are applicable to a broader audience or have been asked multiple times, I feel it's best to provide the answers in this column. Here goes: Q: I remember my accountant telling me that if I went to the September Yearling Sales and bought yearlings to race, I could not...

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NY Race Track Chaplaincy Campaign A Necessary Success

When the New York Racing Association announced Mar. 25 that racing would be suspended due to the coronavirus pandemic, perhaps no lives were affected as much as those of the New York backstretch workers. The New York Race Track Chaplaincy, which has been dedicated to supporting and ministering to the needs of this community for over 30 years, jumped into action. They began a campaign to help the 3,500 people who were suddenly without their normal wage deal with the challenges that resulted from the pandemic, asking for help in...

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Share a 'Basket of Blessings' to Support Belmont Backstretch Workers

The New York Race Track Chaplaincy of America (NYRTCA) is asking for support to provide woman living and working on the Belmont Park backstretch and the surrounding community with 'Baskets of Blessings' this coming Mother's Day. A donation of $100 will fund a special basket which will be lovingly prepared and include an assortment of food, toiletries, and special gifts. Each basket will be hand-delivered by the NYRTCA ahead of Mother's Day, Sunday, May 10. "The mothers of our backstretch community have perhaps been most impacted by the current crisis,...

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Proven Strategies: Survival Kit to Help Trainers

Last week, I was listening to the TDN Podcast. The Green Group Guest of the Week was the very successful trainer and four-time Eclipse winner Chad Brown. One of the panelists asked Chad if he was affected by economically by COVID-19, even though he had relationships with so many significant owners who might be able to weather the storm of uncertainty. Chad's response was that "all trainers are being affected, especially the smaller to midsize ones." That got me thinking. I have seen hundreds of articles and podcasts on the...

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