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RACEHORSE OBJECTIVE
To raise between $30,000-$50,000 to purchase/claim 1 currently racing-racehorse to race at the Meadowlands Racetrack. We will try and purchase/claim 1 racehorse in the $30,000-$60,000-level.
We will be open to purchase/claim a racehorse out of most successful sires as long as the racehorse is currently competitive racing at that claiming or condition level that we’re targeting. We will use the entire proceeds of the sale of the partnership units to purchase the racehorse, including any taxes at the time of the claim.
If there are any extra monies left over, we will either put that money in reserve or distribute back to the partners.
Our next partnership has a projected timeframe of November/December 2009-which will be Partnership #40 and look to start around the $30,000 level.
Based on our special and long term relationship with our trainers-we're able set up these partnerships as a NO Training Bills partnership-with a 50-50% split with the trainer on all earnings.
We try and deliver between a 20%-to-40% return on your investment in the form of earnings from racing.
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| Tom and Carlspur |
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