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.
Owners can visit the barn area - the backstretch - where daily tasks go on and horses go out for morning exercise and work-outs. This area is open only to licensed trainers, owners, exercise riders, jockeys and their agents, and grooms. For many, the backstretch is the most romantic part of the sport. There is hustle and bustle in the mornings, peace in the afternoon, and focused preparation at race time. After the race, there is a time of putting the horse to rest - cooling out, watering off, blanketing and bandaging - and the blow by blow replay of either victory or defeat.
Owners also get free admission to the clubhouse and grandstand, can enter the paddock, and can be in the win picture if their horse crosses the finish line first. Talk about a great wall decoration. This is the crowning touch to it all.
Thoroughbreds are offered online to those who want a share, as are standardbreds and quarterhorses. Top stables advertise horses already racing and earning money. The information provided details what is involved, including the name of the stable which will manage the entity and the trainer who will make most decisions. Interested parties can find lists of privileges and responsibilities.
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.
Owners can visit the barn area - the backstretch - where daily tasks go on and horses go out for morning exercise and work-outs. This area is open only to licensed trainers, owners, exercise riders, jockeys and their agents, and grooms. For many, the backstretch is the most romantic part of the sport. There is hustle and bustle in the mornings, peace in the afternoon, and focused preparation at race time. After the race, there is a time of putting the horse to rest - cooling out, watering off, blanketing and bandaging - and the blow by blow replay of either victory or defeat.
Owners also get free admission to the clubhouse and grandstand, can enter the paddock, and can be in the win picture if their horse crosses the finish line first. Talk about a great wall decoration. This is the crowning touch to it all.
Thoroughbreds are offered online to those who want a share, as are standardbreds and quarterhorses. Top stables advertise horses already racing and earning money. The information provided details what is involved, including the name of the stable which will manage the entity and the trainer who will make most decisions. Interested parties can find lists of privileges and responsibilities.
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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