Everyone’s Step By Step Guide To A Horseracing Partnership
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.
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.
Additional advantages provided by horse racing partnerships are:
* Holding an Owner’s License
* Entry to the Backstretch
* Admission to the Saddling Stalls and Paddock
* Capacity To Talk About Your Horse With The Trainer
* Watch As Your Horse Trains
* Free Parking In The Owner’s Area Whenever You Visit The Track
* Exclusive Grandstand Seating
* Potential To Lord It in The Winner’s Circle Should Your Horse Win
* Share of Purse Winnings Equal to Your Ownership Share Percentage
* Partnership News Sheet and Occasional Get Togethers
* Progress Accounts By Email and Phone
* Miscellaneous Subscriptions and Memberships to Racing Entities
* Annual Gathering of Owners
* Additional Features, Including Travel Assistance - (help making necessary 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.