Owing a race horse is one of the thrills of life relatively few people know. The 'sport of kings' can be hands-on or purely a spectator sport. For those who want the excitement without the often heavy cost, racehorse partnerships can be the answer.
Owning a share of a horse gives an individual all the rights and privileges of sole ownership, with only a fraction of the responsibilities. Training fees, daily costs for feed and bedding, and expenses for grooms, farriers, and vets are all shared. So are expenses directly associated with racing, like jockey fees and entry fees.
As an owner, an individual can visit the backstretch, or stable area, which is off limits to all but licensed personnel. The barn area is fun to see, all bustle and hurry during the morning exercise hours and perfect peace in the afternoons. Horses are either taken to the track by an exercise rider or a jockey or walked by hand around the shed-row or on a mechanical walking machine. Grooms clean the stalls, brush the horses, and wrap their legs with bandages. Trainers oversee everything and spend hours reading the racing form, checking out the competition and selecting races for their charges.
Owners also get free admission to the clubhouse and grandstand, can enter the paddock, and can be in the win picture if their horse crosses the finish line first. Talk about a great wall decoration. This is the crowning touch to it all.
Thoroughbreds are offered online to those who want a share, as are standardbreds and quarterhorses. Top stables advertise horses already racing and earning money. The information provided details what is involved, including the name of the stable which will manage the entity and the trainer who will make most decisions. Interested parties can find lists of privileges and responsibilities.
This from of investment carries a lot of risk, but those who going into it are seldom looking for monetary profits. They are seeking to share in the excitement and live the dream of fame and fortune that racing affords. True financial investors often have many shares of different animals, like people who invest in mutual funds to minimize risk and maximize gain.
It is absolutely vital to trust the partners involved, to have good decision makers at the head, and to have a written agreement that clearly sets forth rights and responsibilities. There should be clearly stated remedies for partners who don't pay their share or want to sell out, as well as provisions for distributing the proceeds if a horse is sold or if insurance is paid for loss or injury.
Owning a horse and watching it compete, as well as being part of every step along the way, is definitely on the bucket list for many. There is a wealth of information online, as well as great pictures of magnificent horses offered to those who want to buy a share. The whole exciting world of racing is open, and it can be enjoyed with a properly structured and operated partnership agreement.
Owning a share of a horse gives an individual all the rights and privileges of sole ownership, with only a fraction of the responsibilities. Training fees, daily costs for feed and bedding, and expenses for grooms, farriers, and vets are all shared. So are expenses directly associated with racing, like jockey fees and entry fees.
As an owner, an individual can visit the backstretch, or stable area, which is off limits to all but licensed personnel. The barn area is fun to see, all bustle and hurry during the morning exercise hours and perfect peace in the afternoons. Horses are either taken to the track by an exercise rider or a jockey or walked by hand around the shed-row or on a mechanical walking machine. Grooms clean the stalls, brush the horses, and wrap their legs with bandages. Trainers oversee everything and spend hours reading the racing form, checking out the competition and selecting races for their charges.
Owners also get free admission to the clubhouse and grandstand, can enter the paddock, and can be in the win picture if their horse crosses the finish line first. Talk about a great wall decoration. This is the crowning touch to it all.
Thoroughbreds are offered online to those who want a share, as are standardbreds and quarterhorses. Top stables advertise horses already racing and earning money. The information provided details what is involved, including the name of the stable which will manage the entity and the trainer who will make most decisions. Interested parties can find lists of privileges and responsibilities.
This from of investment carries a lot of risk, but those who going into it are seldom looking for monetary profits. They are seeking to share in the excitement and live the dream of fame and fortune that racing affords. True financial investors often have many shares of different animals, like people who invest in mutual funds to minimize risk and maximize gain.
It is absolutely vital to trust the partners involved, to have good decision makers at the head, and to have a written agreement that clearly sets forth rights and responsibilities. There should be clearly stated remedies for partners who don't pay their share or want to sell out, as well as provisions for distributing the proceeds if a horse is sold or if insurance is paid for loss or injury.
Owning a horse and watching it compete, as well as being part of every step along the way, is definitely on the bucket list for many. There is a wealth of information online, as well as great pictures of magnificent horses offered to those who want to buy a share. The whole exciting world of racing is open, and it can be enjoyed with a properly structured and operated partnership agreement.
No comments:
Post a Comment