Your Must Know Guide To Horseracing Partnerships
Horse racing partnerships come in many shapes and sizes, but each one offers special advantages to the partners involved. Without a doubt, the overriding benefit is that of affordability, because without partnerships, the people concerned would not be able to realize their dreams of ownership. A partnership spreads the costs, both for initial purchase and subsequent expenses.
Participants in horse racing partnerships are only ever obliged to pay their individual portion of the ownership costs as dictated by the actual share they decide to own. Ongoing costs are similarly allocated.
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.
Additional advantages provided by horse racing partnerships are:
* Holding an Owner’s License
* Entry to the Backstretch
* Admission to the Saddling Stalls and Paddock
* Potential To Chat With The Trainer About Your Horse
* Watch As Your Horse Trains
* Complimentary Parking At The Track, Normally in a Designated Owner’s Section
* Select Seating in The Grandstand
* Ability to Stand Tall and Proud in the Winners Circle When Your Horse Wins
* Allocation of Winnings, Based Upon Your Share of The Horse
* Partnership Newsletter and Periodic Meetings
* Progress Accounts By Email and Phone
* Miscellaneous Subscriptions and Memberships to Racing Entities
* Shareholders’ Get Together Each Year
* Additional Features, Including Travel Assistance – (help making necessary 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!