Saturday, December 20, 2008

Horseracing Partnerships Must Know Guide

By C. Anne Baker

Each horse racing partnership is distinctive, offering different benefits and perks to its partners. Of the many benefits available, the most important is affordability. Without having the option to be part of a horse racing partnership, the dream of becoming an owner of a racehorse would be impossible for many as the cost is far too much for most individuals to absorb alone.

As an owner in a horse racing partnership, you will only be responsible for paying a percentage of the ownership costs, depending on how many shares you wish to purchase. Your expenditure responsibility will also match your share percentage.

Partnerships offer participants the chance to invest in shares between one and forty five percent of the racehorse. Choose wisely and only go with what you can easily afford, but don't forget that the share you own will also dictate your share of any earnings. A 1% ownership may be somewhat disappointing with respect to the revenue you will receive. Bear in mind though, that everyone has to begin somewhere and you will still be an owner. Also, if additional shares later become available, you will always have the option then of making a larger commitment.

Examples of just a few of the extra perks afforded to horse racing partnerships are:

* Qualifying for a State Owner's License

* Entry to the Backstretch

* Admission to the Saddling Stalls and Paddock

* Ability To Discuss Your Horse With The Trainer

* Watch As Your Horse Trains

* Complimentary Parking At The Track, Normally in a Designated Owner's Section

* Special Seating

* Ability to Stand Tall and Proud in the Winners Circle When Your Horse Wins

* Portion of the Purse, Commensurate With Your Ownership Percentage

* Partnership Newsletter and Periodic Meetings

* Telephone and Email Updates and Progress Bulletins

* A Whole Range of State Racing Related Subscriptions and Memberships

* Annual Gathering of Owners

* Other Preferential Treatment such as Help with Accommodations (travel planning, hotel and dinner reservations, etc).

* And Let's Not Forget the all Important Bragging Rights

Lots of possibilities await new owners, eager to become involved in a horse racing partnership. So - look beyond your dreams and transform them into reality. I can promise you that there's a partnership out there that's perfect for you. All you need to do is explore the possibilities and find something that fits your financial situation. In horse racing all things can be possible, all you need is a dream and the perseverance to follow that dream. - 16887

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