The internet is a great resource for those who want to learn about new opportunities. Owning a racehorse is beyond the scope of many people, but racehorse partnerships are bringing this thrill within reach. By going online, those who want the excitement that come with 'the sport of kings' can learn about what is involved, the risks and rewards, and the legalities.
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.
Owners also get free admission to the clubhouse and grandstand, can enter the paddock, and can be in the win picture if their horse crosses the finish line first. Talk about a great wall decoration. This is the crowning touch to it all.
Go online to find information on race horse partnering and opportunities to join top stables. All kinds of racing - thoroughbred, harness, and quarterhorse - are open to investors. Often horses offered are already racing - a great advantage, since many horses don't get that far - and earning money. Both claimers - horses put up for potential sale as a condition of entry - and stakes horses, which run for big purses, are offered.
Of course, going into this with an eye to making money is as risky as any investment on earth. Most winnings - if any - are taken up by expenses. The main rewards are being on the inside of a great sport, sharing the thrill of victory, and getting all the bragging rights that owning a racehorse affords. Investors who want monetary gains might want to have many shares in different animals, to minimize the risk of injury or loss.
It is absolutely vital to trust the partners involved, to have good decision makers at the head, and to have a written agreement that clearly sets forth rights and responsibilities. There should be clearly stated remedies for partners who don't pay their share or want to sell out, as well as provisions for distributing the proceeds if a horse is sold or if insurance is paid for loss or injury.
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.
Owners also get free admission to the clubhouse and grandstand, can enter the paddock, and can be in the win picture if their horse crosses the finish line first. Talk about a great wall decoration. This is the crowning touch to it all.
Go online to find information on race horse partnering and opportunities to join top stables. All kinds of racing - thoroughbred, harness, and quarterhorse - are open to investors. Often horses offered are already racing - a great advantage, since many horses don't get that far - and earning money. Both claimers - horses put up for potential sale as a condition of entry - and stakes horses, which run for big purses, are offered.
Of course, going into this with an eye to making money is as risky as any investment on earth. Most winnings - if any - are taken up by expenses. The main rewards are being on the inside of a great sport, sharing the thrill of victory, and getting all the bragging rights that owning a racehorse affords. Investors who want monetary gains might want to have many shares in different animals, to minimize the risk of injury or loss.
It is absolutely vital to trust the partners involved, to have good decision makers at the head, and to have a written agreement that clearly sets forth rights and responsibilities. There should be clearly stated remedies for partners who don't pay their share or want to sell out, as well as provisions for distributing the proceeds if a horse is sold or if insurance is paid for loss or injury.
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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