What’s Different About Us

YES, we provide detailed quarterly financial statements; partners can see where every dollar goes

YES, all partners can participate in online discussion groups about our horses

YES, partners get prompt emails on workouts, entry plans and other news

YES, we post ALL our results on our website for all to see – every horse, every race, not just the successes

YES, partners who satisfy minimum ownership requirements are eligible to be licensed owners, with free clubhouse admission, parking and backstretch access

YES, we have an annual picnic at Saratoga and backyard barbecues during the race meet

 YES, we contribute 1% of our horses’ earnings to backstretch and thoroughbred retirement charities, and we follow our former horses, so we can rescue them if and when they hit the bottom of the claiming ranks

NO, we don’t mark up our horses for sale to the partnership; what we pay for a horse is what the partners pay

NO, we don’t charge fixed management fees regardless of a horse’s performance; our managing partner gets paid only from our horses’ earnings (we do charge for actual ordinary and necessary overhead expenses, usually no more than $500 per horse per month)

NO, we don’t charge extra for tax return (K-1) preparation

 NO, we don’t charge your credit card for anything

Ask other partnerships if they can say the same

• We generally buy a horse for an existing partnership only if there is a consensus among the current partners. In new partnerships, we will generally have bought the horse before selling partnership interests or we will have fully disclosed our purchase or claiming plans.

• We will not run a horse at a claiming level that a majority of partners think is too low. Generally, we talk about where the horse should run. Our trainer has an important role in deciding this, but he or she won’t enter a horse in a race if we are opposed.

• All the partners can be licensed as owners in the states where we run and can visit our horses at the barn, provided they meet minimum ownership requirements.

• Each new partnership will have a defined life of approximately five years, at the end of which the partners will decide whether to continue or to sell the horses and distribute the proceeds

• If we make a profit, we keep enough in the partnership to cover expenses for the next three to six months.  If there's more money available from purse earnings, we distribute that to the partners on a quarterly basis.

• All the partners share in income and expenses in proportion to their capital investment.  We try to raise enough capital at the outset so that we hope to avoid frequent cash calls for expenses.

• The minimum investment in new partnerships is generally between $750 and $2,500.

• There are no management, accounting or legal fees. (In some other partnerships, these fees can be $1,200 a month per horse, or more.). The managing partner is reimbursed for ordinary and necessary travel and overhead expenses only and gets a percentage of purse earnings, as specified in the partnership agreement.

• All partnership funds go to buy horses, for the direct expenses of keeping the horses in training and the out-of-pocket expenses of running the partnership, plus a reasonable (not more than 10%) sales commission.

• We contribute 1% of all our purses to race track charities, including organizations for the care and adoption of retired race horses, backstretch child care centers, and funds for injured and disabled jockeys and exercise riders.