BECOMING A HORSE OWNER AND PARTNER IN OUR STABLE IS EASY!


Racing at Charles Town, Calder, Mountaineer, Finger Lakes, Suffolk Downs, and Southern California!

OUR VISION is to create an affordable way so everyone can experience the excitement of being a race horse owner.

 

Below is a sample of how our stable operates. Please see the actual partnership agreement for the particular partnership you want to join. Each partnership varies depending on requirements of the location where it will race.

HOW TO BECOME AN OWNER

 

 

WHO IS ELIGIBLE TO OWN A HORSE

  1. You can live anywhere in the world and be a partner in one of our race horses. However, you just must be able to obtain an owner’s license from the State of West Virginia Racing Commission. Our stable is governed by laws and we must follow the rules and regulations of the West Virginia Racing Commission. More will be discussed on an owner license later on this page.

 

YOU CAN WATCH YOUR HORSE RACE RIGHT ON YOUR COMPUTER

 

PARTNERSHIP SHARES

  1. We are a simple partnership that brings together people throughout the world to be part-owners in a thoroughbred race horse.
  2. For each horse partnership there are 20 shares. Each share is equal to 5% ownership. Each horse represents a partnership.
  3. Minimum purchase is just one share in a horse partnership. The maximum purchase is 19 shares in a horse partnership.
  4. An owner can own shares in as many different horses as they chose.

 

IT IS LIKE OWNING PART OF A SPORTS FRANCHISE!

 

FINDING A HORSE FOR THE PARTNERSHIP

  1. Our training and management team is always looking for the "right" horses using their many years of backstretch expertise. Our team looks for a horse that will meet partnership needs and the ability to earn money. They are constantly doing this in anticipation of us filling the next 20 share partnership.
  2. When a horse is racing that the training and management team have rated as a "right" one to buy, the trainer will put in claim to purchase the horse in the name of the partnership, if the partnership has sold it's 20 shares and is ready to claim a horse.
  3. If the claim is successful, the partnership now owns a horse of which you are a registered part-owner.
  4. Each share holding partner will be notified 24 hours before a possible claim.

 

WE ARE ALWAYS WATCHING WORK-OUTS, CLOCKING THEM AND LISTENING IN THE BARN AREA FOR GOOD HORSES!

 

COMMUNICATION WITH PARTNERS

  1. To insure that each partner enjoys his or her experience as a race horse owner, we understand that communication is so important.
  2. Each partner will have an open line of communication with the manager of the training and management team.
  3. E-mail will be sent out at least three times of week detailing your horse’s activity. You will also be able to call on the telephone the Stable's Racing Manager whenever you wish.
  4. We will also establish a group forum for each partnership, where partners from around the world being brought together by the experience of sharing a race horse can get to know each other, share ideas, etc.
  5. No partner is obligated to participate in any of the forum activity. If you choose not to that is your right. However, for those that choose to participate we ask that you be respectful to all while expressing your views.

 

COSTS TO YOU BECOME AN OWNER

  1. Your costs as an owner are easy to understand and with very little risk. The first cost will be your purchase of your share(s) in the horse partnership. Each share costs only $275. This is where many people feel this is not a real opportunity to own a racehorse. But please stop and think about what we said earlier, we want to make this affordable to many of those that would not normally be able to own a share of a racehorse. THIS IS ABSOLUTELY A REAL OPPORTUNITY WITH NO GIMMICKS, FINE PRINT OR SCAMS. Please do not stop reading, if you ever dreamed of owning a racehorse, a real racehorse, one that you will be able to touch and feed carrots to if you so choose then continue to read on.
  2. Next, you will need a West Virginia Owners License. The license is $15 per year plus a one-time of $34 for finger print cards. After you purchase your share(s) we will mail you the forms required or you may register directly with the West Virginia Racing Commission . If you already have a West Virginia Owners License you can skip this step.
  3. There is a one-time fee regardless of how many shares you own of $25 for administrative costs to set up the partnership. This is to set up the record and bookkeeping for the partnership.
  4. That’s it! There are no more costs to become an owner.

 

Here is an example of the costs to become an owner….Let’s say you bought the minimum one share and did not have a West Virginia Owner’s License:

 

One Share of Partnership

$275

1 Year License

$ 15

One-time Finger Prints

$ 34

Administrative Set-up

$ 25

TOTAL COSTS TO BE A RACE HORSE OWNER

$349

 

THAT’S IT JUST A ONE-TIME COST OF $349 AND YOU CAN BE A REGISTERED OWNER OF A THOROUGHBRED RACE HORSE!

 

Note that once you have your West Virginia License future purchase shares in any partnership will be just $275 per share plus the $25 administrative fee.

 

 

TRAINING & MANAGEMENT COSTS

  1. Here is the best part of joining us as a partner. There are no monthly costs to you. Our vision is to allow as many people as possible to experience the thrill of owning a race horse. We know many people can not afford the monthly maintenance costs of training, management, vet bills, shoes and transportation of a horse. So we have a special arrangement that makes it affordable for all.
  2. When the partnership’s horse earns purse money, 70% of the money earned is retained for expenses. This 70% pays for all the bills. If the horse doesn’t earn money, the training and management team pay all the bills. You are never responsible for any of these bills. That is why it is important for the trainer and management team to pick good horses to claim and race them where they will make money because if the horse doesn’t earn the trainer and management team have to pay for the bills out of their pocket.

    The Stable's trainer is Anthony Carone who has over 25 years in the thoroughbred training business. The Stable's Racing Manager is Mike DeVita who along with his family has been involved in horse ownership since 1984.

 

NO MONTHLY FEES OR BILLS! NOW THAT IS AFFORDABLE

 

 

PURSE MONEY PAYMENTS TO OWNERS

  1. While 70% of the horse’s earnings are retained for expenses. The remaining 30% of the any earnings is paid out every 30 days to the partnership owners. Each share will receive 5% of any money earned by the partnership for the month. You will receive 5% for each share you own in the partnership
  2. When the partnership horse is sold or claimed by another stable. Each share will receive 5% of the purchase price we receive. In other words, the money we receive for the horse is divided equally by the 20 shares. You would receive 5% for every share you own in the horse.
  3. This means a one-time share purchase entitles you to a share of 30% of the horse’s earnings plus proceeds when the horse is sold or claimed.

 

NO MONTHLY BILLS BUT WE WILL PAY YOU!

 

CLASS OF HORSE WE RACE

  1. Thoroughbred racing is broken up into different race classes these being stake races allowance races and claiming races. In stake and allowance races no horses are for sale, however in a claiming race every horse entered is for sale for a price listed prior at the time of entry. We race claiming horses. When you purchase a horse from a claiming race you are buying a horse that you know can race. Many young horses that people invest in never make it to the races let alone make money.With our claiming purchase program we have really lowered the risk, we claim (buy) a horse one night and within 2 to 3 weeks there is a very good chance that horse will be racing and you will be one of it's owners!
  2. We look to claim horses that are entered for the sale price of $5,000 for our partnerships. You may ask why only a $5,000 claiming horse. Why not get a better horse. Click here and we will show you why a $5,000 is better for the everyday racehorse owner

 

HOW WE PURCHASE A HORSE FOR THE PARTNERSHIP

  1. We sell 20 shares at $275 each. This gives the partnership $5,500 for a race horse.
  2. Our training and management team is alway looking for the “right” horse for the partnership. Remember the training and management team has the risk of paying all the bills if the horse doesn’t earn money. So they can not afford to make many mistakes. Once that horse is found the trainer will put in a claim before the horse races. Sometimes there is more than one claim entered for a horse. When this happens the first claim drawn from the box owns the horse.
  3. The $5,500 covers all the costs. $5,000 for the horse, $300 West Virginia sales tax and $200 for the groom to pick-up the horse and stall equipment such as a new water bucket and feed tub.

 

YOU GET TO OWN A PART OF A $5,000 RACE HORSE FOR JUST $275 PER SHARE!

 

HOW MUCH CAN A HORSE EARN

    1. Horses can run up to three times a month. This is determined by the soundness of the horse and the number of races available for that horse during a certain month. But more commonly a horse will race 15-20 times a year.
    2. The minimum purses at Charles Town Race & Slots are some of the highest in the USA for the class of horses that race there.
    3. Because the purses are very high at Charles Town Race & Slots, the horse doesn’t have to race many times to make money.
    4. Races purses are distributed to the horses in the following manner: 1st – 60% 2nd -20% 3rd – 10% 4th- 5%; 5th – 3% and 6th- 2%. So even a horse finishing 6th in the race is earning some money. You will receive your share of the 30% that is not retained for expenses, regardless of if the horse finishes first or sixth.
    5. Below is a chart on purses at Charles Town

 

$2500 Claiming Races

$11,000 and up

$3500 Claiming Races

$12,500 and up

$5000 Claiming Races

$15,000 and up

$7500 Claiming Races

$18,000 and up

$10,000 Claiming Races

$19,000 and up

Allowance & Stake Races

$20,000 to $250,000

 

YOU’LL SHARE IN 30% OF ALL THE HORSES EARNINGS

 

WHEN DOES THE PARTNERSHIP END

    1. Each 20 shares sold is used to claim a horse and form a partnership. The partnership ends when the horse is sold, claimed by another person or for some reason the horse can not race any longer.
    2. At that point any money made by selling or having the horse claimed will be distributed along with any partner share purse earnings that have not been distributed to date.
    3. Partners then can choose to join another one of partnerships.
    4. If you are partners in more than one horse, only the one partnership in which the horse was sold, claimed or otherwise couldn’t any longer race will be ended. All other partnerships with horses will still be in effect.

 

 

HOW DO I START

      1. See our Frequently Asked Questions page. Then contact us with any other questions you may have.
      2. If you are ready to join the fun, excitement and prestige of being a race horse owner see our “How to Purchase Shares” page.

 

JOIN US NOW FOR THE GREAT EXCITEMENT ….BETTER THAN THOSE COMPUTER GAMES!

 

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