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FREQUENTLY ASKED QUESTIONS



YOU HAVE QUESTIONS WE HAVE ANSWERS



what are the costs associated with horse racing ownership?



California Racing Partners sells a percentage interest in each thoroughbred. The minimum to buy into a horse is five percent. The initial investment covers the purchase price of the horse and any pro rata expenses included in the advertised price of the horse. Then there are monthly bills for the training and care of the horse which typically comes out to $225-$265 per month for a 5% ownership share.



HOW does each owner make money?



There are several ways to make a return on your investment but please understand most people go into horse ownership not to make money but for the experience and passion they have for it. Every time the horse races there are purse earnings. You are entitled to your ownership percentage of that amount. California Racing Partners does not charge a fee or "rake" any of your winnings. The second way is through the revenues earned if the horse is sold. The horse may be sold for racing, breeding or stud. For instance, if a mare has been successful on the track, having won stakes races, her value could increase dramatically and may be sold by the partnership yielding you a profit. If any horse is sold privately or through auction California Racing Partners will hold 10% off the top as is customary. Horse racing can be expensive, and in most horses you will not recover all the money you have invested. You should not invest solely to try to earn a profit. Partnering on a horse, in general, reduces your overall expenses and increases your chances of success by allowing you the opportunity to own more horses.



HOW does california racing partners make money?



California Racing Partners makes money by marking up the cost of a horse sold on its fractional partnering model. Profits allows us to pay our staff in order to update our owners on their horses.



why should i buy with california racing partners instead
of another horse racing syndicate?



First of all we name all of our owners on each horse. We want our owners to be able to show their friends and family their horse online with their name attached to it. Secondly, we generally are less expensive than other syndicates by not marking up monthly costs or collecting anything off the racing proceeds. We have no qualifying requirements to purchase with us. Lastly, we welcome your input, ideas and suggestions.



what is california racing partners strategy?



California Racing Partners owns a piece of every horse, therefore we treat each horses like it's its own business. When horses don't race they're costing us all money and when horses don't place they're costing us all money. Now with that being said, we do give young horses the proper amount of time to develop into their potential.



what else do i need to know?



Since you are a named owner on the horse you will need to get a owner's license with the state in which the horse is racing, we can assist you in facilitating this.



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