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Racing ventures can be very exciting but racing enthusiasts must be prepared to suffer the economic and emotional vagaries of owning racehorses. Racing partnerships are the best way to learn about and participate in the racing process. Owning a manageable percentage of multiple racing partnerships enables race horse owners to learn, at the same time control the risks associated with racing through proper diversification. Some partnership owners eventually build their own portfolios of racehorses when they can endure the risks of the sport on their own. The basic tenet of Dapple Bloodstocks racing philosophy is racing with a purpose. The successful racehorse owner can expect to convert their winning fillies and colts into breeding stock that will produce progeny that can be sold profitably into the marketplace. Dapples focus is to purchase the highest quality fillies and colts that our clients racing budgets will permit. While we are always on the lookout for colts with stallion potential, there is a definite bias at Dapple toward well bred fillies that can become broodmares almost without regard to their racing careers. Pedigree greatly determines the residual market value after racing and we purchase as much athleticism as possible without sacrificing pedigree. We have designed our partnership vehicles to allow for extended life in the racing sport through the aforementioned sharing of risk with well bred stock. Annually, we syndicate 5-10 horses from each foal crop. Most are purchased in the yearling sales but we are not averse to adding horses from the two-year-old sales after they have been test driven. Partnership vehicles often enable Dapple to purchase racehorse candidates where greater resources are required and to spread among multiple investors their ongoing training and veterinary expenses. Dapple partnerships are typically limited liability companies where the legal and tax benefits are greatest. Some of the advantages of racing with Dapple include: - Affordable ownership units with 10% units priced between $7,500 and $25,000
- Built in training allowances of $25,000 per horse to avoid cash calls in the first year of existence
- Access to the industrys best trainers in Bill Mott, Steve Asmussen and Thomas Voss
- Quarterly financial reporting and annual K-1 preparation at no additional charge to owners
- Documentation assistance of owners active status for federal and state tax purposes
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