The internet is a great resource for those who want to learn about new opportunities. Owning a racehorse is beyond the scope of many people, but racehorse partnerships are bringing this thrill within reach. By going online, those who want the excitement that come with 'the sport of kings' can learn about what is involved, the risks and rewards, and the legalities.
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.
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.
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.
This from of investment carries a lot of risk, but those who going into it are seldom looking for monetary profits. They are seeking to share in the excitement and live the dream of fame and fortune that racing affords. True financial investors often have many shares of different animals, like people who invest in mutual funds to minimize risk and maximize gain.
It is absolutely vital to trust the partners involved, to have good decision makers at the head, and to have a written agreement that clearly sets forth rights and responsibilities. There should be clearly stated remedies for partners who don't pay their share or want to sell out, as well as provisions for distributing the proceeds if a horse is sold or if insurance is paid for loss or injury.
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.
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.
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.
This from of investment carries a lot of risk, but those who going into it are seldom looking for monetary profits. They are seeking to share in the excitement and live the dream of fame and fortune that racing affords. True financial investors often have many shares of different animals, like people who invest in mutual funds to minimize risk and maximize gain.
It is absolutely vital to trust the partners involved, to have good decision makers at the head, and to have a written agreement that clearly sets forth rights and responsibilities. There should be clearly stated remedies for partners who don't pay their share or want to sell out, as well as provisions for distributing the proceeds if a horse is sold or if insurance is paid for loss or injury.
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.
No comments:
Post a Comment