View Full Version : Racehorse cost/partnership
Jun. 12, 2011, 04:00 AM
Ok I am curious to know how much it would cost to have 1 racehorse racing? Also what are some good websites for large partnerships?One of my non horsey friends is interested in doing a partnership for fun. He really enjoys watching the big races on tv.Also is it possible to form a large partnership if you find a suitable young racer? Where would you post a potential partnership?
And realistically what would the cost be yearly for a top race campaign the horse's 2 and 3 yr old year? Racing in prep races for the Derby and such in high company? Is it in the millions?
Most likely my friend will end up doing a 1/10 share on a horse that will race on the west coast only in smaller races.
What do people usually do with the partnership on one horse if it gets hurt or needs to be retired? And can you go to the track to watch the horse's workouts, etc even if you own a small share?
Jun. 12, 2011, 05:41 AM
That's fun to do but if friend has no horse knowledge or experience in the business? They better start with an attorney experienced in such things. Lots of scams out there and even the honest operations end up costing more then newbies think they will.
Specific costs vary by specific contractual details and they cost as much to keep alive and in shoes whether they are healthy or not, friend could easily end up with 10% of a lame or retired horse.
Not for the faint of heart. And, please, tell friend the term "investment" does not belong in the same sentence with "horse". If he can afford to lose money on it, go for it. Otherwise, stick to the clubhouse and enjoy watching other people's horses lose their money.
I'm sure you will get the exact cost ranges from others but IIRC it runs $35 to $75+ a day if they are at the track, plus vet and farrier plus entry fees and don't forget any purse money is split with trainer, jockey and all other partners depending on the contractual details. Some of the better known partnership/syndicate out there you can get into start at about 10k for a small share. Smaller, lesser known or private partnerships can be anything at all agreed to.
Have had friends who outright own a few race horses, they claim them at the beginning of the meet and claim them out towards the end-run in allowance or state bred races during the meet. Friend might look into something like that, particularly if they want to get into the mid and lower range tracks and horses.
Jun. 12, 2011, 01:48 PM
Here are websites for some of the more successful partnerships:
There are many, many partnership opportunities available so tell your friend to vet his choices very carefully before making an investment. :yes:
Jun. 12, 2011, 03:46 PM
I agree that I think your friend needs to understand that it's not as much an investment, but more a consumption.
A lot of partnerships that are available can still cost a few hundred to a few thousand, which is something I'm not a big fan of. I'd rather spend a small amount on a bunch of different horses, that way I get more action than if I put a lot of money on one horse.
http://www.groupstables.com is good for people who just want in on the action at a very small level.
http://dogwoodstable.com/ and www.teamvalor.com if you have deeper pockets.
Jun. 12, 2011, 09:56 PM
Agent Zero your first post & it looks like you are trying to sell us on the Group Stables G-A-M-E?! I looked. I would not touch that with a 10' pole! Folks, read the rules! You do not own any part of the horse, you are not entitled to visit or be in the winners circle...The whole thing just scares me. It is NOT a TB racing partnership-PERIOD!
From the site:
First and foremost, it is very important for everyone to understand that Group Stables is a game, where the objective is to outrank your competitors in the standings for the three different categories (Win %, In The Money %, and Earnings).
Will this make me a thoroughbred owner?
Users are not official owners, but they can certainly call themselves owners. On paper, users are not owners. This is NOT an investment site, and we are not selling ownership in any horses.
To be a thoroughbred owner, you are usually required to be licensed. Licensing might be necessary in multiple places (depending on where the horse(s) is running). This can prove to be very costly. Group Stables was put together to eliminate those costs, while still giving people the same feeling of ownership.
Jun. 12, 2011, 10:39 PM
I can vouch for www.horseplayersracingclub.com. They run all over the place but are based on the west coast. Nice, nice people.
Another based locally but I believe a bit more spendy is http://www.pegasustrainingcenter.com/racing-syndications.aspx
The best thing if you decide against doing the partnership is find a reputable trainer who'll sell you 10% of a horse and let you try it out. For 10%, depending on where you run, budget $200-400/month.
10% is usually the minimum percent you need to own to be licensed but I know that is changing in some jurisdictions as the partnerships take hold.
Jun. 12, 2011, 11:54 PM
I apologize if I mislead anyone. It was not my intention. I was showing Group Stables because I thought it was relevant to this post, and some people might actually be interested.
Yes you are not actually an owner and don't receive some of the benefits such as visiting the horse, but you can't really expect that for under $10. For those who have more to spend and find visitation a priority, then buying a full share in a horse probably makes more sense for them.
But for others who don't want to spend that much, and don't care to see the horse (sometimes it's not even possible if you want a horse in Washington and you live in New York) then group stables might work for you.