Owning A Racehorse
VideoGirl:
It really depends how involved you want to get and how much control that you want. Obviously, the more control you want the more $$$ is required.
There are many different partnerships out there. As some have already stated, these partnerships can range from just a minimum investment which will equate to a small percent ownership to a higher investment (Little Red Racing Stable or Dogwood). The more costly partnerships will usually give you a higher overall ownership and/or investments in higher end race horses.
I started a LLC this year with three other partners and we have purchased two 2YO fillies to race in NY State. We are all equal owners at 25%. It really has become a dream come true for myself and am looking forward to our babies making their first starts this year.
As far as costs, there is the costs of buying the horses and then the monthly costs of training. This will vary from track to track with the minor tracks about $40 per day and the major tracks at $80 per day and up. Then there are vet fees, farrier fees and the other licensing fees to get started. The whole process can be overwhelming....
Hope that helps...
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