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.
Those involved in horse racing partnerships are just required to meet their quota of the purchase price relative to the percentage of your ownership. Later billings will likewise be apportioned dependent upon the share you own.
Partnerships offer participants the chance to invest in shares between one and forty five percent of the racehorse. Choose wisely and only go with what you can easily afford, but don’t forget that the share you own will also dictate your share of any earnings. A 1% ownership may be somewhat disappointing with respect to the revenue you will receive. Bear in mind though, that everyone has to begin somewhere and you will still be an owner. Also, if additional shares later become available, you will always have the option then of making a larger commitment.
Examples of just a few of the extra perks afforded to horse racing partnerships are:
- Holding an Owner’s License
- Ability to visit the Backstretch
- Ability to visit the Paddock on racedays
- Ability To Discuss Your Horse With The Trainer
- Attend Training Sessions
- Complimentary Parking At The Track, Normally in a Designated Owner’s Section
- Select Seating in The Grandstand
- Opportunity to Get Your Picture Taken In The Winner’s Circle With Your Winner
- Portion of the Purse, Commensurate With Your Ownership Percentage
- 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 Possibly What’s Most Important – Possible Glory
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.
