REMARKABLE HORSES.  PASSIONATE PEOPLE.  THOROUGHBRED-OWNERSHIP REDEFINED.  1-877-WINS-BIG
Frequently Asked Questions
REMARKABLE HORSES.  PASSIONATE PEOPLE.  THOROUGHBRED-OWNERSHIP REDEFINED.  1-877-WINS-BIG
How do I get started?

The first step is to decide how you want to be involved, and what your budget
is. Then, find out what both of those factors really mean; learn the expenses
(especially the hidden ones!), familiarize yourself with available resources of
knowledge, which could be publications, blogs, consultants, trainers,
potential managers, etc.

    --exercise your options and be open to learning before making any
    commitments!

    --do you already know people who want to be on board with you for a
    partnership, such as a group of friends, or are you looking for a
    partnership to get into "on your own"?

    --if you have a group of people, make sure to act as team and keep
    everyone informed. You can set "assignments" to get people involved
    and actively seeking the best options, then have meetings to discuss
    what's out there, what you collectively agree on, the level of ownership
    and financial responsibility each partner is looking for, and a group
    budget.

    --what are your goals? Is this for profit? For fun? Both? The long-term
    or the short-term? Everyone hopes to have both fun and profit of
    course, but you shouldn't get involved without being prepared for risk.

I've done some research, but what is the real cost of ownership?

This depends on the kind of partnership you are entering -- are you
purchasing through a claiming race, an auction, or are you buying into a
home-bred baby?

    --if a purchase price is involved, this obviously raises the investment
    and expenses beyond maintenance fees, which by themselves can
    range from $1200 a month on a farm to over $5000 while training. A
    realistic number to consider is that the average racehorse in training
    costs $60,000 a year to support; within a partnership, that would
    mean $3000 per year for 5% ownership.

Why do I need a manager?What do I want in a manager?

    Think of a manager as a goal-developer, someone with the expertise
    to cultivate success for you and your partners, even with an average
    horse. Your manager is also taking on a burden of time for you, since
    most partners wouldn't be available for all the visits, phone calls, trips,
    meetings, and other engagements that managers have to immerse
    themselves in to look after the investment. Look for a management
    system that only profits when you do -- otherwise you will more than
    likely end up with empty pockets through administrative fees, and an
    unsympathetic ear to any qualms you have.   Managers should be
    hands-on and open with their communications, plans and problems
    including accurate, up-to-date accounts and receipts on the horse.

How do UR partners earn money? When are funds distributed?

    UR partnerships earn money two ways: purse money and sales.
    Below is the average distribution for a $100,000 race:

    1st (60%) $ 60,000, 2nd (20%) $ 20,000, 3rd (10%) $ 10,000,
    4th (5%) $ 5,000 and 5th (3%) $ 3,000.

    In addition to purse earnings, a UR may earn additional funds if we
    sell a horse privately, in an auction/sale or if a horse is claimed.

    Purse earnings will either be distributed within 21 days of the race, or
    put towards future expenses. Sale proceeds within 30 days.

With so many partnerships how do I choose the right one for me?

    -as a buyer, the ball is in YOUR court. Economically speaking, what
    you are willing to pay for sets demand, and in the long-term, smart
    choices create a better market for everyone, by directing price ranges
    and setting standards for breeding, management and training.

    -understand that the purchase price is far more than just a number, it
    is the ethical value or deficit of the business and managers  you are
    buying from. Just because a horse has a high price tag doesn't mean
    it was, or will be treated well.

    -the more you get involved with what you are buying, the better you'll
    feel about your investment. That's why Unbridled breeds its own
    horses for partnerships; it provides the best economy of scale and
    most flexibility for managing that horse's growth, talent and
    disposition. It also provides partners with the satisfaction of raising
    quality thoroughbreds and the privilege of being actively involved.

    -no matter who you chose to partner with, consider not only the horse
    you are buying into, but the operation as well. What vision do they
    have for their horses? Find out what they do with their horses when
    their career on the track is finished. See if their lowest-earning horse
    seems as happy as their highest, etc.

    -new ideas and products come out of economic slumps, even Bill
    Gates started Microsoft in a recession. Don't let negative press sap
    your power to begin something great ... There is no better time to
    unbridle your racing dreams then today!
Unbridled Guide to Racing Partnership FAQs

RECOMMENDED READING:
Winning & Ethical Profit
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