Everyone’s Step By Step Guide To A Horseracing Partnership
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.
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
* Ability to visit the Backstretch
* Ability to visit the Paddock on racedays
* Ability To Discuss Your Horse With The Trainer
* Watch As Your Horse Trains
* Complimentary Parking At The Track, Normally in a Designated Owner’s Section
* Exclusive Grandstand Seating
* Potential To Lord It in The Winner’s Circle Should Your Horse Win
* Allocation of Winnings, Based Upon Your Share of The Horse
* Partners’ Updates and Once In A While Meetings
* Progress Accounts By Email and Phone
* Various Subscriptions and Association Memberships
* Yearly Meeting With Fellow Partners
* More Fancy Care, For Example Assistance When Traveling (help with reservations, etc.).
* And Let’s Not Forget the all Important Bragging Rights
A wealth of openings are out there for prospective owners who wish to involve themselves in the Sport of Kings. Maybe the time has arrived to do some serious shopping to locate your particular ideal horse racing partnership. One that will suit your finances and circumstances is just waiting to be found. Get involved and make that once in a lifetime dream a reality!