Investor "A" invests $5000 in a lower level claiming horse and is responsible for 100% of the expenses.
Meanwhile, the investor "B" invests that same $5000 with 20 other people and they purchase a $100,000
horse. Investor "B" has made the same initial investment but he has invested in a much better quality horse and is only responsible for 5% of the expenses. That is smart investing!!! That is how it should be done.
Azzurri Racing Partnership 08
* Two daughters of Canada's leading Freshman Sire of 2006
* A+ Werk Rating or better
* Both are from strong filly families
* Both foals are eligible for the lucrative Ontario Sire Stake series for their entire
racing career.
* Low initial purchase price
* Low monthly expenses
* A 'smart' way to be involved in thoroughbred ownership
*Both fillies are packaged in one 20 unit partnership
* Only 10 units remain.
For More Information visit Azzurri Breeding Website at
www.azzurribreeding.com
Azzurri Racing Partnership
Moderators: Roguelet, WaveMaster, Jessi P, madelyn
I'd go with the $5,000 claimer, at least I get to select the horse, trainer, jockey and where to run the horse back. With any luck I'd know if I had made a good claim right away and if it turned out the other way I'd rather cut my losses and walk away and try again later.
Your plan sounds like a big headache (for you as well as anyone who joins up), these horses are foals of this year correct? That leaves two full years of nothing but expenses. As for the projected day rate of $75, not sure how you will get that rate in 2010 when these horses turn 3. No decent Woodbine trainer is charging that today, nevermind 2 yrs from now. I assume these 100,000 horses will be running in Toronto and not Ft Erie... What happens if people drop out of the partnership, who assumes their portion of the expense? What if I don't like how things are being run, can I get out??? Nope, I predict that this will be one big pain in the backside for all those involved. Having ONE partner is bad enough, having 19... can't even stand the thought.
Your plan sounds like a big headache (for you as well as anyone who joins up), these horses are foals of this year correct? That leaves two full years of nothing but expenses. As for the projected day rate of $75, not sure how you will get that rate in 2010 when these horses turn 3. No decent Woodbine trainer is charging that today, nevermind 2 yrs from now. I assume these 100,000 horses will be running in Toronto and not Ft Erie... What happens if people drop out of the partnership, who assumes their portion of the expense? What if I don't like how things are being run, can I get out??? Nope, I predict that this will be one big pain in the backside for all those involved. Having ONE partner is bad enough, having 19... can't even stand the thought.
Partnerships tend to be very problematic.. and so who is it that decided the horse was actually worth $100K?
Most partnerships that stay together without problems usually involve horses who are already racing. One exception I know of is where the partners bought into a great looking foal out of a mare that they had raced in partnership. The breeder of the mare had been in the racing partnership. But I believe the buy in was much lower did not include any monthly fees until the colt gets to the track.
Most partnerships that stay together without problems usually involve horses who are already racing. One exception I know of is where the partners bought into a great looking foal out of a mare that they had raced in partnership. The breeder of the mare had been in the racing partnership. But I believe the buy in was much lower did not include any monthly fees until the colt gets to the track.
So Run for the Roses, as fast as you can.....
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nythoroughbredvz
- Allowance Winner
- Posts: 378
- Joined: Sun Oct 22, 2006 2:11 pm
- Location: upstate ny
Id take the claimer also, I dont have any horses of racing age yet but I couldnt imagine collecting money for a future or hopefull racer. anything can happen..I tried a partnership on a broodmare it was a disasster.. I worked with the guy that made it worse. he never paid a dime after she was purchased for care, board etc.. And the first time we needed a veterinarian because her knee blew up and had an infection from a prior race injury he decided he didnt want a horse anymore...so after collecting "0" from him for the first 4-5 months up untill he decided he didnt want a horse. I ended up buying his 1/2 as if he never owned part of her.. so after all that I could have just bought the mare myself..before i would do a partnership again i would rather find a trainer willing to take a trained and ready to run horse that has shown potential for 1/2 interest to cut down on expenses or someone that at least knows the business! My personel manager does the shares like you are offering and loves it, she thinks she owns a race horse and doesnt shovel poop! she is a happy camper. just not for me!
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Gillies-Fillies
- Weanling
- Posts: 37
- Joined: Sun Oct 28, 2007 5:49 pm
- Location: Lexington, Ky.
Tread carefully...
Partnerships absolutely have their place, but several are scams that will yield profits for exactly one person: the one who collects the "buy-in" fees and "maintenance" costs. Others are organized by well-meaning folks who can't afford to purchase or raise a horse alone, but who don't have the first idea what's required to run a successful partnership. Having a larger supply of cash is great--but you're no longer the one who gets to call all the shots!
The $100,000 initial purchase price... is that in line with the auction prices of the fillies' siblings? Were any independent trainers asked to evaluate the foals' conformation? Who audits the books to assure partners that their 5% contributions are being spent reasonably? How can a partner drop out of the ownership group? What happens if veterinary expenses hit $50,000? Who decides on surgery or euthanasia?
When done right, partnerships are a neat way to introduce more people to horse ownership, and to share the excitement of the Thoroughbred industry. The best partnerships are well-documented, heavily insured, and even then it's considered an entertainment expense rather than an investment.
The $100,000 initial purchase price... is that in line with the auction prices of the fillies' siblings? Were any independent trainers asked to evaluate the foals' conformation? Who audits the books to assure partners that their 5% contributions are being spent reasonably? How can a partner drop out of the ownership group? What happens if veterinary expenses hit $50,000? Who decides on surgery or euthanasia?
When done right, partnerships are a neat way to introduce more people to horse ownership, and to share the excitement of the Thoroughbred industry. The best partnerships are well-documented, heavily insured, and even then it's considered an entertainment expense rather than an investment.
Re: Azzurri Racing Partnership
[quote="X_EQUUS"]Investor "A" invests $5000 in a lower level claiming horse and is responsible for 100% of the expenses.
Meanwhile, the investor "B" invests that same $5000 with 20 other people and they purchase a $100,000
horse. Investor "B" has made the same initial investment but he has invested in a much better quality horse and is only responsible for 5% of the expenses. That is smart investing!!! That is how it should be done.
First off, it's not smart to taunt the SEC. Unless you are keeping all offerings in Canada, implying a profit return (what an investment is) is teetering upon illegal unless you are a licensed broker. I'm sure Canada has some sort of the same laws. You NEVER want to imply a profit in the horse business (on paper), unless you like to serve jail time.
Meanwhile, the investor "B" invests that same $5000 with 20 other people and they purchase a $100,000
horse. Investor "B" has made the same initial investment but he has invested in a much better quality horse and is only responsible for 5% of the expenses. That is smart investing!!! That is how it should be done.
First off, it's not smart to taunt the SEC. Unless you are keeping all offerings in Canada, implying a profit return (what an investment is) is teetering upon illegal unless you are a licensed broker. I'm sure Canada has some sort of the same laws. You NEVER want to imply a profit in the horse business (on paper), unless you like to serve jail time.
LOL I don't think this person will ever advertise here again. Then didnt know what they were getting into. The crowd here is head and shoulders above the laymen horseperson.
I even think sometimes we border blatent truth on tearing someone down. Which has its place, but I think this guy was just looking for a free advertising spot.. Kind of like the porn that pops in every now and then.
I even think sometimes we border blatent truth on tearing someone down. Which has its place, but I think this guy was just looking for a free advertising spot.. Kind of like the porn that pops in every now and then.
I wonder what there offerings would bring at the sales? I would bet my left nut it wouldnt bring 10% of its asking price.
Edited to ADD:
I failed to look at the mans web site and I was under the impression that the weanlings were priced at 100,000 each.
My bad.
Edited to ADD:
I failed to look at the mans web site and I was under the impression that the weanlings were priced at 100,000 each.
My bad.
Last edited by Ryeno on Sun Dec 30, 2007 7:17 am, edited 1 time in total.
"The easiest way to end up with a million dollars in the horseracing business is to start with 3 million!"
Nice to see all the love in the air...
What a mistake I made by posting on this site. Since the topic was "Buying / Selling", I thought it might be a good spot to stir some interest in a Racing Partnership I was trying to promote. I never said that the two fillies were worth $100,000. The point I was trying to make was that I thought it was a better investment to invest $5000 in a higher quality animal (one with more potential) and have only a fraction of the expenses instead of investing $5000 in a cheap claimer and be resposible for 100% of the expenses. I was obviously wrong. From the replies that my posting generated, it seems people would rather own 100% of a $5000 claimer.
If some people would take the effort to visit my website before they posted a reply, you would see that I had them valued at under $10,000 each.
I have learned some valuable lessons today. People would rather own a cheap claimer, they post before they read, that I am goin to jail (according to Casallc) and I am being compared to some kind of 'porn' merchant (according to Crystal). She found it quite funny... like when I visited her website and saw her lineup of studs....LOL.
Thank you all for your valuable insight. I will put it to good use.
What a mistake I made by posting on this site. Since the topic was "Buying / Selling", I thought it might be a good spot to stir some interest in a Racing Partnership I was trying to promote. I never said that the two fillies were worth $100,000. The point I was trying to make was that I thought it was a better investment to invest $5000 in a higher quality animal (one with more potential) and have only a fraction of the expenses instead of investing $5000 in a cheap claimer and be resposible for 100% of the expenses. I was obviously wrong. From the replies that my posting generated, it seems people would rather own 100% of a $5000 claimer.
If some people would take the effort to visit my website before they posted a reply, you would see that I had them valued at under $10,000 each.
I have learned some valuable lessons today. People would rather own a cheap claimer, they post before they read, that I am goin to jail (according to Casallc) and I am being compared to some kind of 'porn' merchant (according to Crystal). She found it quite funny... like when I visited her website and saw her lineup of studs....LOL.
Thank you all for your valuable insight. I will put it to good use.
Nice to see all the love in the air...
What a mistake I made by posting on this site. Since the topic was "Buying / Selling", I thought it might be a good spot to stir some interest in a Racing Partnership I was trying to promote. I never said that the two fillies were worth $100,000. The point I was trying to make was that I thought it was a better investment to invest $5000 in a higher quality animal (one with more potential) and have only a fraction of the expenses instead of investing $5000 in a cheap claimer and be resposible for 100% of the expenses. I was obviously wrong. From the replies that my posting generated, it seems people would rather own 100% of a $5000 claimer.
If some people would take the effort to visit my website before they posted a reply, you would see that I had them valued at under $10,000 each.
I have learned some valuable lessons today. People would rather own a cheap claimer, they post before they read, that I am goin to jail (according to Casallc) and I am being compared to some kind of 'porn' merchant (according to Crystal). She found it quite funny... like when I visited her website and saw her lineup of studs....LOL.
Thank you all for your valuable insight. I will put it to good use.
What a mistake I made by posting on this site. Since the topic was "Buying / Selling", I thought it might be a good spot to stir some interest in a Racing Partnership I was trying to promote. I never said that the two fillies were worth $100,000. The point I was trying to make was that I thought it was a better investment to invest $5000 in a higher quality animal (one with more potential) and have only a fraction of the expenses instead of investing $5000 in a cheap claimer and be resposible for 100% of the expenses. I was obviously wrong. From the replies that my posting generated, it seems people would rather own 100% of a $5000 claimer.
If some people would take the effort to visit my website before they posted a reply, you would see that I had them valued at under $10,000 each.
I have learned some valuable lessons today. People would rather own a cheap claimer, they post before they read, that I am goin to jail (according to Casallc) and I am being compared to some kind of 'porn' merchant (according to Crystal). She found it quite funny... like when I visited her website and saw her lineup of studs....LOL.
Thank you all for your valuable insight. I will put it to good use.
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Jenny
- Restricted Stakes Winner
- Posts: 801
- Joined: Sun Feb 04, 2007 5:15 pm
- Location: Ontario, Canada
- Contact:
Isn't this where we do post our advertising. It is buying/selling after all. I happen to know this fellow and he is a genuine horse owner and breeder who it looking to share some fun and expenses. Is there any harm in that? Can everyone on this board own a 100k racehorse and thow money to the wind. I think not!!! Easy to say things hiding behind your computers but I would love to see your portfolios.
Ryeno!! Your left nut is safe.
Ryeno!! Your left nut is safe.