Solutions To Your Horseracing Partnership Schemes
♫ Thursday, January 15th, 2009Partners in racehorses take a great deal of pleasure in arriving at the track just after dawn to observe their horse as he exercises, works five furlongs, cools down, has a bath and gets fed and groomed. Life in the world of thoroughbred racing starts early and allows an owner an added dimension for fun. The majority of owners take along a big bag of carrots as treats for their horse and his neighbors in the barn!
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.
When you start looking, you will find a lot of thoroughbred racing partnerships to pick from. Plainly the most important issue will be that they have shares available in an equine housed at a racetrack in your general location, without this your morning trips will be out of the question. An additional concern is the type of animal they have available: a claiming partnership usually categorizes a more mature racehorse, already well raced, but with a possibility of being claimed away again, so the partnership you are considering could be brief. On the other hand, a younger, still unraced horse could be a more durable prospect. The beginning of his racing career could be months away, but this will provide you with lots of time to familiarize yourself with your investment and follow and savor his progress.
Apply for brochures and advertising material from plenty of horse racing partnerships as well as any trainer you hear of who puts together partnerships. Speak with the trainer or person managing the partnership and determine just how sociable and attainable they seem to be. Don’t forget, even if you plan on buying a limited percentage in their horse, it will make you an owner and that will entitle you to be dealt with as such.
If you can, avoid investing in an animal without seeing it first. A substantial chunk of a racing partnership comprises the time you will spend with him personally. No two horses are the same so be sure you feel confident when in close proximity with your choice. Take someone with you who is familiar with horses and listen to their advice.Absorb and act upon this advice and your hopes of owning your own racehorse can become reality.
