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 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.
Ownership also involves free admission to all parts of the clubhouse and grandstand, including private boxes for watching the races and an exclusive dining area. Owners can visit the paddock before a race and the winning circle when their horse crosses the line in front. They can be in the win picture - and get an unbeatable wall decoration/souvenir.
There are opportunities to join a partnership online. Thoroughbreds, standardbreds, and quarterhorses are all open to this form of ownership. Some of the top stables in the sport offer well-bred, fast horses to qualified people. One advantage to online opportunities is that the horses offered are already racing and in many cases have proved their ability to win and earn money.
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.
There is a lot of information available about both the sporting side and the legalities of horseracing partnerships. This is an exciting way to have a lot of fun, if everything is correctly structures and operated.
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.
Ownership also involves free admission to all parts of the clubhouse and grandstand, including private boxes for watching the races and an exclusive dining area. Owners can visit the paddock before a race and the winning circle when their horse crosses the line in front. They can be in the win picture - and get an unbeatable wall decoration/souvenir.
There are opportunities to join a partnership online. Thoroughbreds, standardbreds, and quarterhorses are all open to this form of ownership. Some of the top stables in the sport offer well-bred, fast horses to qualified people. One advantage to online opportunities is that the horses offered are already racing and in many cases have proved their ability to win and earn money.
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.
There is a lot of information available about both the sporting side and the legalities of horseracing partnerships. This is an exciting way to have a lot of fun, if everything is correctly structures and operated.
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