How To Make Your Horse Racing Partnership Dreams Come True
Without a doubt there is a special magic in owning a racehorse. People who have never ventured into racehorse ownership have no idea of the multitude of additional, consuming delights that are included, just waiting to be sampled and enjoyed.
All owners love to visit the track during the early morning so that they can watch their horse exercise, work, get hot walked, washed down and groomed. There is an unequaled delight in leaning on the rail, steaming cup of coffee in hand as your excited, snorting colt prances past, eager to begin his work. Most owners arrive armed with a big bag of carrots; big because their horse’s neighbors will fully expect to receive treats, pats and scratches behind their ears too!
In fact, racehorse ownership opens up a whole new vista of activities. Many owners become totally involved with their horses, visiting the track several times a week, subscribing to racing newspapers and trawling the web to glean new insights into their horse’s pedigree and relatives.
Of course, investing in a racehorse as the sole owner is a huge financial commitment, both in the initial outlay and paying the many monthly bills. Thankfully, there is an easier and much more affordable solution: racehorse partnerships.
Buying a share in a thoroughbred partnership will usually give you exactly the same rights and perks as a full owner, although some partnerships will require a minimum five percent stake before they qualify you for an official State Owner’s License. An owner’s license is mandatory for visits to the backstretch, free entrance to the track as an owner, using owners’ parking, etc.
There are many thoroughbred racing partnerships available to choose from. Obviously the major criteria will be that they are offering shares in a horse stabled at a track close to where you live, otherwise your visits will be seriously compromised. Another consideration is the type of horse being syndicated: a claiming partnership customarily involves a more seasoned racehorse, frequently campaigned, but liable to be claimed away again, so ownership could be fleeting. A young, as yet unraced two year old is a more long term proposition. His first race could be several months ahead, but you will have abundant opportunity to get to know and bond with your acquisition and watch and enjoy his development.
Request documented information, brochures, etc., from several partnership companies, or trainers who put together partnerships. Contact the managing partner or trainer personally (after 10:30 a.m. when morning training is finished) and judge how accessible and communicative he/she is. Even if you purchase the smallest share available in a horse you will be an owner and you should expect to be treated as such.
Never buy into a racehorse sight-unseen. A large part of a thoroughbred partnership involves your one on one interaction with the horse, and every horse is unique with a different personality so it’s important that you actually “like” you acquisition. If you are a complete novice, try to take a more experienced owner with you on your initial visit.
Follow these suggestions and your dreams of racehorse ownership really will come true.
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