Your Very Own Racehorse
November 17, 2008
Share the fun of owning a racehorse and experience bigger thrills at the racetrack.
You can own a racehorse!
Perhaps the safest and most inexpensive way to get involved in racing is to become part of a racing syndicate or partnership. Basically, that means that ownership of a horse (or group of horses) is split among more than one party.
This reduces the cost for each party, but can still give the full experience and enjoyment of owning and racing an American Quarter Horse.
A syndicate is a formal business agreement between a general partner and some number of limited partners that creates a group ownership of a horse or horses.
A written agreement details what the syndicate activities will be and what will be the responsibilities, investments and returns for each partner.
Those returns come from race earnings of a horse in training, breeding fees from a stallion standing at stud, or in the case of syndicated broodmares, from selling foals.
Increase your odds of winning big. Get AQHA’s FREE Guide to Wagering report.
Many successful racehorses have been owned by partnerships. The first Quarter Horse of renown to be syndicated was world champion Dash For Cash. He was followed by champions Moon Lark and Easily Smashed and graded stakes winners Streakin Six and Easy Six.
A recent syndicated success story is 2005 Grade 1 All American Futurity winner Teller Cartel, who was purchased by a syndicate of 10 owners for $100,000 and has gone on to earn $1,138,071. Each member of the syndicate paid 10 percent of the purchase price and then shared expenses and earnings of the horse. In addition, two shares were split into smaller partnerships, so several syndicate members were able to invest even less for their participation. Although these parties earn a smaller percentage of the horse’s earnings, they get just as much pleasure from owning a winner.
Click here for more information about becoming a racing American Quarter Horse owner.
Get the FREE Guide to Wagering report and experience success at the wagering window. This valuable report is a whopping 48 pages and is packed with tips and information to help you have more fun at the races!
Comments
Add a Comment