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 an individual all the rights and privileges of sole ownership, with only a fraction of the responsibilities. Training fees, daily costs for feed and bedding, and expenses for grooms, farriers, and vets are all shared. So are expenses directly associated with racing, like jockey fees and entry fees.
However, owners can visit the backstretch, or the stable area, which is strictly off-limits to all but licensed personnel. Many feel that sharing the hustle and bustle of early mornings, the peace of afternoons, and the focused activity of race time prep is the best part of it all. Sometimes owners can talk strategy with the trainer, another fascinating part of racing.
There is also free admission to all parts of the clubhouse and grandstand, even the elevated area where trainers stand to watch their horses run. Then, of course, there's the 'holy sanctum' of the paddock and the ultimate thrill - being in the win picture - all special privileges open to owners. A win picture says it all to those in the know.
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.
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.
A written agreement is truly necessary in this arena, to cover eventualities like failure to pay, wanting to sell out, or distributing insurance pay-outs. Problems arise usually because responsibilities are not spelled out for all parties. Trustworthy partners are important, since problems lessen the fun - which is the main point of the whole thing, after all.
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 an individual all the rights and privileges of sole ownership, with only a fraction of the responsibilities. Training fees, daily costs for feed and bedding, and expenses for grooms, farriers, and vets are all shared. So are expenses directly associated with racing, like jockey fees and entry fees.
However, owners can visit the backstretch, or the stable area, which is strictly off-limits to all but licensed personnel. Many feel that sharing the hustle and bustle of early mornings, the peace of afternoons, and the focused activity of race time prep is the best part of it all. Sometimes owners can talk strategy with the trainer, another fascinating part of racing.
There is also free admission to all parts of the clubhouse and grandstand, even the elevated area where trainers stand to watch their horses run. Then, of course, there's the 'holy sanctum' of the paddock and the ultimate thrill - being in the win picture - all special privileges open to owners. A win picture says it all to those in the know.
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.
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.
A written agreement is truly necessary in this arena, to cover eventualities like failure to pay, wanting to sell out, or distributing insurance pay-outs. Problems arise usually because responsibilities are not spelled out for all parties. Trustworthy partners are important, since problems lessen the fun - which is the main point of the whole thing, after all.
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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