Few people know firsthand the thrills of owning a race horse. Being on the inside of 'the sport of kings' is one of life's ultimate satisfactions. From the sanctum of the backstretch to the privilege of the paddock, being an 'owner' is, for many, worth the heavy cost. Racehorse partnerships open this world to those either unable or unwilling to shoulder the cost alone.
Owning a share of a horse gives a person all the rights and privileges of an 'owner' (a license-carrying status) without the expense that sole possession entails. Keeping a horse at the track involves training fees, perhaps stall rental, daily maintenance feed and grooming costs, farrier and jockey fees, and entry fees. In all cases, at least some vet bills will be incurred, and injury can involve both expense and time.
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.
Ownership also involves free admission to all parts of the clubhouse and grandstand, including private boxes for watching the races and an exclusive dining area. Owners can visit the paddock before a race and the winning circle when their horse crosses the line in front. They can be in the win picture - and get an unbeatable wall decoration/souvenir.
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.
Those who are looking for an investment with monetary returns often have shares in many horses, which spreads the risk like a mutual fund does in the stock market. Others know that the real returns are in entertainment and being on the inside of a historic and exciting sport. The dream is what racing is about, although fabulous fortune and enduring fame are always possible.
Trustworthy partners, good management at the top, and a clear, written agreement are vital to success. Partners may fail to pay their share or want to sell out, so remedies for this sort of scenarios must be established in writing. This protects the interests of all partners.
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 a person all the rights and privileges of an 'owner' (a license-carrying status) without the expense that sole possession entails. Keeping a horse at the track involves training fees, perhaps stall rental, daily maintenance feed and grooming costs, farrier and jockey fees, and entry fees. In all cases, at least some vet bills will be incurred, and injury can involve both expense and time.
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.
Ownership also involves free admission to all parts of the clubhouse and grandstand, including private boxes for watching the races and an exclusive dining area. Owners can visit the paddock before a race and the winning circle when their horse crosses the line in front. They can be in the win picture - and get an unbeatable wall decoration/souvenir.
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.
Those who are looking for an investment with monetary returns often have shares in many horses, which spreads the risk like a mutual fund does in the stock market. Others know that the real returns are in entertainment and being on the inside of a historic and exciting sport. The dream is what racing is about, although fabulous fortune and enduring fame are always possible.
Trustworthy partners, good management at the top, and a clear, written agreement are vital to success. Partners may fail to pay their share or want to sell out, so remedies for this sort of scenarios must be established in writing. This protects the interests of all partners.
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.
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