Everyone’s Step By Step Guide To A Horseracing Partnership
Horse racing partnerships come in many shapes and sizes, but each one offers special advantages to the partners involved. Without a doubt, the overriding benefit is that of affordability, because without partnerships, the people concerned would not be able to realize their dreams of ownership. A partnership spreads the costs, both for initial purchase and subsequent expenses.
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.
Some of the many other benefits available to horse racing partnerships are:
* Qualifying for a State Owner’s License
* Ability to visit the Backstretch
* Admission to the Saddling Stalls and Paddock
* Potential To Chat With The Trainer About Your Horse
* Observe Training
* Complimentary Parking At The Track, Normally in a Designated Owner’s Section
* Special Seating
* Ability to Stand Tall and Proud in the Winners Circle When Your Horse Wins
* Portion of the Purse, Commensurate With Your Ownership Percentage
* Partners’ Updates and Once In A While Meetings
* Progress Accounts By Email and Phone
* A Whole Range of State Racing Related Subscriptions and Memberships
* Yearly Meeting With Fellow Partners
* More Fancy Care, For Example Assistance When Traveling (help with reservations, etc.).
* And Last But By No Means Least, Crucial Bragging Rights
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.