Racing Partnertship - South America

[fmc123412]

As some of you already know, I am from Brazil and involved with horse racing here. I am starting as an owner (now with my 2nd horse) and now I am involved with a lot of respected professionals.

I've worked a lot in the last couple of months with TNT Stud owner (one of the most respected here, and also with some good horses in the US - Leroidesanimaux, for example) and some very good professionals (one of them went to Dubai this year to the racing carnival).

Actually, I am talking to you this because I am thinking of a racing partnership like the other one that is very active nowadays on the board. The main difference is that it will be focused on acquiring a brazilian horse. IMO this has some very powerful pros.

Pros:
- Brazilian horse industry is living one of its best moments ever. Very good stallions standing here lately (Miesque's Approval, Royal Academy, Candy Stripes, Holzmeister, etc), very good international racing results (Leroi, Pico Central, Redattore, Ilha da Vitória, Hard Buck, etc), very good private sales happening (Dono da Raia, Eu Também, Imperialista, and a lot of other brazilian horses sold to international owners);
- Buy a horse here is extremely cheap comparing to international standard. Example: An average horse here in brazil (a top claimer or a 3yo/4yo in training) can be bought for US$5k to US$7.5k. A TOP 2yo at a respected auction (auctions that give us horses with the quality of those i've mentioned and also, siphon, sandpit, riboletta, etc) can be bought with US$20k and probably with less than that;
- Mantain a horse is very cheap too: US$7.5k - US$9k in average to let the horse training with the best brazilian trainers and training centers;
- This give us the opportunity to get a very good horse with maybe 10% or less than what it would cost if the horse was bought in an international auction.

Of course, there are some cons, too:

- Brazilian prizes are very small compared to US, for example, and it may be a very good deal if the horse turns into a competitive horse to be exported. If the horse is an average horse and has to follow his campaign here in Brazil, the return may not be that good, but at least its not as expensive as in the US if everything goes wrong;
- International partners won't be able to see their horse alive, unless they are travelling around here :-)
- You will have to trust in somebody that you don't know in person and this may not be comfortable to some of you.

Well....I just want to know what do you think about it...and if there is an initial interest of somebody.

Thank you!!