12-07-2006, 08:32 AM
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Goodwood
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Join Date: Jun 2006
Location: Mission Viejo, CA
Posts: 8,872
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Quote:
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Originally Posted by Kasept
From the 12/7 'announcement' above...
INTRODUCING "DEE TEE STABLES" RACING PARTNERSHIP: I'm pleased to announce that Derby Trail, at the suggestion of Hooves and in partnership with trainer Chuck Simon (Cannon Shell), is forming a racing partnership. Chuck, who runs his strings at Saratoga, Churchill, Turfway and Fairgrounds, is the perfect guy for all of us to get into a partnership with, given his long history of success.
His choice of racing venues will give Derby Trailers in nearly every part of the country the opportunity to come to the track and be part of the ownership experience; his ability to pick out sale or claiming horses offers us a way into the game at any level depending on the amount of Derby Trailers that get involoved; His record of success and integrity is unquestionable, and he's about as fun a guy to be around as there is in the game...
Details will be forthcoming, but the partnership will be a closed end style deal with shares offered in horses for a one-time, flat rate buy-in per horse, likely $500 per share, to cover the acquisition of the runners. Chuck will handle the training expenses and receive 50% of all purses as compensation for his costs.
This is a terrific way to get into horse ownership, and most importantly, should be a tremendous amount of fun for all of us. We aren't looking to win the Derby, but hope to simply have a great time and bring as many Derby Trailers into the game at a reasonable cost as possible. More information will follow, but we hope to have the initial share offering completed by January 15. There are already 7 DTers that form the foundation of the first partnership...
Look for a thread to be started in the Paddock, or a Room opened, to keep everyone informed about the development of Dee Tee Stables...
(Well.. this is the thread... Please let us know your interest/reaction to getting involved!)
Steve
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Steve-
What will the Partnerships' initial approach to the game be? Claiming or buying at say a 2YO in training sale? Obviously both have pluses and minuses.
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