Your Must Know Guide To Horseracing Partnerships
Each horse racing partnership is distinctive, offering different benefits and perks to its partners. Of the many benefits available, the most important is affordability. Without having the option to be part of a horse racing partnership, the dream of becoming an owner of a racehorse would be impossible for many as the cost is far too much for most individuals to absorb alone.
As an owner in a horse racing partnership, you will only be responsible for paying a percentage of the ownership costs, depending on how many shares you wish to purchase. Your expenditure responsibility will also match your share percentage.
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:
* Owning A Racetrack License
* Access to the Backstretch
* Ability to visit the Paddock on racedays
* Ability To Discuss Your Horse With The Trainer
* Observe Training
* Free Parking In The Owner’s Area Whenever You Visit The Track
* Exclusive Grandstand Seating
* Opportunity to Get Your Picture Taken In The Winner’s Circle With Your Winner
* Allocation of Winnings, Based Upon Your Share of The Horse
* Partnership Newsletter and Periodic Meetings
* Telephone and Email Updates and Progress Bulletins
* Various Subscriptions and Association Memberships
* Annual Gathering of Owners
* Additional Features, Including Travel Assistance – (help making necessary reservations, etc.).
* And Let’s Not Forget the all Important 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.
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