You love horses. You love excitement. Why not bring them together and buy a race horse? It is a great investment that you can expect a continued return on and take advantage of some tax breaks. Owning a race horse has some options. The level of involvement and investment is up to you.
1. Sole Ownership - You own the horse and all of the profits are yours
2. Co-ownership & Partnerships - Groups of up to 20 people can join together in racing a horse, spreading the costs of buying and training your thoroughbred and sharing any prize money
3. Racing Clubs and Syndicates - You will have the benefit of paying a small membership fee to belong to the club and having the excitement of following a number of different horses
4. Leasing - You can lease a horse from an existing owner or breeder, during which time the horse will run in your name. You pay the training fees and associated costs and receive prize money won by the horse in return for a rental fee to the owner
Benefits of race horse ownership include:
- Buy and name your horse
- Visit your trainer to discuss the horse's program and plan its campaign
- Free parking and entrance into the race track
- Admittance into the stable area (backside of the track)
- Stand in the enclosure before the race as your horse is led around
- Legging-up the jockey
- WATCH YOUR HORSE RACE AND WIN
- Win prize money
- Never a dull moment and limitless fun
For more information on owning a race horse visit:
www.ustrotting.com
www.ntra.com