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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.
An 'owner' has many privileges denied to the average race fan. They also incur the heavy costs of keeping a horse at the track and competing in races. There will be farrier and veterinarian fees, jockey and entry fees, and costs for insurance. Daily care requires the services of a trainer, groom, exercise boy, and perhaps hot-walker. There is also the feed, hay, and bedding. All of this adds up to forty or more dollars a day, depending on track and quality of racing.
However, owners can visit the backstretch, or the stable area, which is strictly off-limits to all but licensed personnel. Many feel that sharing the hustle and bustle of early mornings, the peace of afternoons, and the focused activity of race time prep is the best part of it all. Sometimes owners can talk strategy with the trainer, another fascinating part of racing.
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.
An 'owner' has many privileges denied to the average race fan. They also incur the heavy costs of keeping a horse at the track and competing in races. There will be farrier and veterinarian fees, jockey and entry fees, and costs for insurance. Daily care requires the services of a trainer, groom, exercise boy, and perhaps hot-walker. There is also the feed, hay, and bedding. All of this adds up to forty or more dollars a day, depending on track and quality of racing.
However, owners can visit the backstretch, or the stable area, which is strictly off-limits to all but licensed personnel. Many feel that sharing the hustle and bustle of early mornings, the peace of afternoons, and the focused activity of race time prep is the best part of it all. Sometimes owners can talk strategy with the trainer, another fascinating part of racing.
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.
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