re: Partnerships Take Center Stage - By Eric Mitchell

fanofallthree — Fri, 13 May 2011 12:03:36 GMT

I'm a licensed owner of several race horses. Getting licensed is an additional expense over and above the cost of becoming a partner. It never occurred to me that I was entitled to any special treatment other than what the track already gives me as a result of my licensed ownership -free trackside parking, free admission, free program, admission to the paddock, stables and backside. I buy my own seat tickets. If additional percs are given to the partnership, I would expect the managing partner to divvy them up on a fair share basis. To my way of thinking, it would be silly of me to think that my 5 - 10% ownership of horses would entitle me to the same benefits as some one who owns a racehorse outright. I don't see how a track could manage such a thing. The thrill of owning a racehorse, even a small % of one, is reward enough for me.

re: Partnerships Take Center Stage - By Eric Mitchell

cherylb1959 — Thu, 12 May 2011 04:50:06 GMT

I totally agree that partnerships are great that this is a great way to get into horse racing when you have limited means. You are still considered an owner. We were able to obtain two quality race horses using this type of ownership. Prior to doing this, make sure you do your homework as some partnerships can cost more that others. Make sure your partnership has a proven track record of success. Know who you are in business with or intend to go into business with. Ask around the track you frequent. Somebody knows around the track who to get into business with and not to get into business with.