Horseracing Partnerships Must Know Guide
Every horse racing partnerships is unique, making available special features and advantages to all the partners. Perhaps the most obvious benefit is the one of affordability. It means that people who choose to become part of a horse racing partnership are able to fulfill their dreams of ownership; something that would normally be impossible if left to meet the costs alone.
Participants in horse racing partnerships are only ever obliged to pay their individual portion of the ownership costs as dictated by the actual share they decide to own. Ongoing costs are similarly allocated.
It is possible to own as little as 1% and up to as much as 45% interest in the horse. Keep in mind though that your share of earnings will also be equal to your share percentage, so while you will be happy to pay out only 1% in share costs and expenditures, receiving only 1% of the revenues earned by the horse may not be so appealing. However, remember it’s a starting point, ownership is ownership whether it be 1% or 45% and if more shares become available later on, you can purchase more giving you a greater ownership percentage.
Examples of just a few of the extra perks afforded to horse racing partnerships are:
* Qualifying for a State Owner’s License
* Access to the Backstretch
* Access Pass to Stables and Paddock
* Ability To Discuss Your Horse With The Trainer
* Observe Training
* Complimentary Parking At The Track, Normally in a Designated Owner’s Section
* Select Seating in The Grandstand
* Opportunity to Get Your Picture Taken In The Winner’s Circle With Your Winner
* Share of Purse Winnings Equal to Your Ownership Share Percentage
* Partnership Newsletter and Periodic Meetings
* Progress Accounts By Email and Phone
* A Whole Range of State Racing Related Subscriptions and Memberships
* Shareholders’ Get Together Each Year
* Other Preferential Treatment such as Help with Accommodations (travel planning, hotel and dinner reservations, etc).
* And Possibly What’s Most Important - Possible Glory
There are many opportunities available and waiting for potential owners just like you who want to become part of a horse racing partnership. It’s time to stop dreaming and start shopping around for your perfect racing partnership: one that will best suit your circumstances and financial position making it possible to finally turn the dream of owning a racehorse into reality.