You Can Own a Thoroughbred Racehorse for Cheap

The proud lineage of thoroughbred racehorses goes back all the way to the 1600?s and they remain a fixture of culture and tradition. Owning the smallest percentage of one of these magnificent animals is an honor. Owning a thoroughbred racehorse can cost thousands or even millions of dollars, making it difficult for most people to own one. But, it is still possible to do so for far less by buying a share in a thoroughbred partnership.
You can buy a percentage share in the racehorse by joining a horseracing partnership or syndicate. Besides what you pay for your share, you will have to pay an amount toward the maintenance of the horse each month that is based on the size of your share. The amount that you would pay is different depending on which horseracing partnership you join and what its rules are.
Some of the monthly expenses related to owning a thoroughbred racehorse include:
* You will pay the initial investment amount for your ownership percentage. It may be as small as 1% or as large as 45%.
* You will pay the trainers fees. The rate per day will vary but it may be anywhere from $25 $120.
* Feeding and care of the horse - again, this varies.
* Farrier fees of $80 $120 are for the hoof care for the horse.
* The veterinarian's fees for the standard care of the horse can be hundreds of dollars a month and more.
* Transporting the racehorse will require fuel costs.
* You must pay for insurance premiums.
* Race entry fees - vary depending on location and race
* Any fees and dues for association memberships or subscriptions will be due.
* You will owe jockey fees as well as 10% of any winnings.
* Fees for management will vary from partnership to partnership based on their policies. These are often calculated as a percentage of the winnings or a specific amount per day or per month.
* Advertising costs may be necessary. This may be just a few hundred dollars or it may be as high as a few thousand dollars.
As this makes clear, these expenses add up and vary quite a bit. When investigating any horseracing partnership or syndicate, find out how much each is charging per month before you invest.
A partnership with expenses that are too high may not be the partnership for you. And in researching several partnerships, you may find one that fits your investment budget better and has a lot to offer you.

By: C. Anne Baker

C. Anne Baker's life has included thoroughbred horseracing and breeding for many years. She also contributes to horseracing charities. For a short period, visitors to her website PartnersInThoroughbreds.com can download her notable report Becoming included A horseracing Partnership

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