How To Make Your Horseracing Partnership Dreams Come True
Article by C. Anne Baker
Without question there is an extraordinary glamor in racehorse ownership. People who have never ventured into owning a racehorse probably have no perception of the added number of treats that are included, just waiting to be sampled and enjoyed.
A lot of owners especially like visiting the racetrack during early morning training so that they can watch their horse exercise, work, get hot walked, washed down and groomed. They delight in leaning on the rail, steaming cup of coffee in hand as their excited, fractious colt prances past, eager to get on with his work. Nearly every owner arrives primed with a big bag of carrots; big because their horse's neighbors will be expecting to receive treats, pats and scratches behind their ears as well!
In fact, owning a racehorse opens up an entirely new lifestyle. Countless owners become completely caught up in their horses, visiting the racetrack several times a week, buying a number of racing newspapers and using the Internet to discover fresh insights into their horse's pedigree and relatives.
Having said that, investing alone in a racehorse can be an enormous financial undertaking, both in the original outlay and when the many bills begin arriving. Thankfully, there is an easier and much more affordable answer: racehorse partnerships.
Buying a share in a thoroughbred partnership will usually give you exactly the same rights and fringe benefits as a sole owner, although many partnerships will require a minimum five percent stake before they qualify you for an official State Owner's License. An owner's license is obligatory for visits to the backstretch, free entrance to the track as an owner, using owners' parking, etc.
There are many available thoroughbred racing partnerships to pick from. Obviously the most important criteria will be that they are offering shares in a horse stabled at a track close to where you live, otherwise your visits will be somewhat compromised. Another concern is the type of horse being syndicated: a claiming partnership routinely involves a more experienced racehorse, frequently campaigned, but likely to be claimed away again, so ownership could be short-lived. A young, as yet unraced two year old is a more long term proposal. His first race could be several months ahead, but you will have lots of opportunity to get to know and bond with your equine purchase and watch and enjoy his development.
Request detailed information, brochures, etc., from several partnership companies, or trainers who put together partnerships. Make contact with the managing partner or trainer personally (after 10:30 a.m. when morning training is finished) and find out how reachable and forthcoming he/she is. Even if you purchase the smallest share obtainable in a horse, you will be an owner and you should expect to be treated as such.
Never go into a racehorse sight-unseen. A large part of a thoroughbred partnership involves your personal contact with the horse, and every animal is unique with a special personality so it's important that you actually “like” you purchase. If you are a complete novice, try to take a more experienced owner with you on your preliminary visit.
Follow these suggestions and your dreams of racehorse ownership really will come true.
===============During recent years, buying a share in a thoroughbred racehorse has become increasingly popular. The problem is – where to start? PartnersInThoroughbreds is a web site devoted to horse racing partnerships. All current partnerships and syndicates are included and the News and Features sections covering listed partnerships are constantly updated. If you're in any way interested in a racehorse partnership….
CHECK OUT => PartnersInThoroughbreds.com
English language graduate, avid fan of thoroughbred horse racing. Recently increasingly involved in horse rescue and rehabilitation. Keen supporter of a number of thoroughbred retirement charities.
PartnersInThoroughbreds is a labor of love. Many people wonder at the grace and athleticism of the thoroughbred, but don't realize the number of partnership opportunities available to them.
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