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Partnerships – Are They for You?

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It used to be that big stables owned the majority of the racehorses. So, in a way it was actually easier because trainers only had contacts with one person in the stable.

Partnerships provide people the opportunity to participate in thoroughbred ownership at their own comfort level. So, they can own 5%, 10% of a horse or really whatever percentage they wish. Expenses are split up accordingly to the percentage they own as are the winning purses.

Most partnerships disperse bills monthly which may include vet bills, shipping, food, training etc.

So, for example if you owned 10% of a horse and bills for the month were $3500 your cost for the month would be $350.00.

There are other types of partnerships, some where you can invest as little as 500 or 1000 and you own a very small percentage of the horse and therefore it is very difficult to get a return on your money. However, you still have the fun of owning a racehorse and experience the thrill in the winner’s circle.

There is another type of partnership where you may pay 5000 and never have any expenses or bills, but once again you end up with a very small percentage of the horse. So, you never see a bill and maybe never see a check either. However once again you do have the fun and experience the thrill.

There are other types of high end partnerships that can be very successful where you pay a standard monthly fee.

The bottom line on getting into partnerships is to ask questions, have a comfort level with the people you are working with. Communication are very important. How much am I putting up, when can I expect to get a return, what kind of bills will I see if any, show me what other partners are doing, get names.

Contact Gary Contessa for addition information about partnerships. Email: Gcc1313@aol.com Cell 732-620-4422

 


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