What is a Syndicate?
WHAT IS A SYNDICATE PARTNERSHIP?
Syndicates are run by a Managing Partner who handles all of the day-to-day administrative details, including paying the bills, coordinating the farrier and veterinary visits, working directly with the trainers, and handling the care of the horses. Each racing partnership is created as an individual Limited Liability Corporation (LLC) where Thoroughbred Racing Nation acts as the Managing Member. We retain an equity interest in the partnership alongside the other investors. The investors in the syndicate pay small quarterly portions of the bills and expenses – equivalent to their percentage of ownership.
In simple terms, syndicates are cost-effective ways to fully realize the dream of Thoroughbred racehorse ownership. Also, because we meticulously choose states to breed and race in based on incentives awarded, our partners also share proportionately the purse monies and the breeder and owner awards.
Our horses are acquired either by auction, private purchase, a claiming race, or by result of our breeding program. All partners share in income and expenses in proportion to their capital investment. If a horse earns a profit in excess of what is needed to maintain an expense reserve, we make a distribution to the partners with the excess cash. There aren’t any management fees, or markups of any kind. The managing partner receives no compensation and is only reimbursed for out-of-pocket expenses related to managing the partnership.
Want To Learn More About Partnerships?
We understand that everyone would like to be heard and more importantly, have their questions answered. So, if you have a question or comment about Partnerships with Thoroughbred Racing Nation, drop us a line. Just complete the form below and we will get back to you.
Living the Dream!
Joining a partnership at Thoroughbred Racing Nation offers our partners the experience, the thrills, and the benefits of ownership at a fraction of the cost. Rather than one person purchasing one horse, multiple partners can purchase a percentage of one or more horses – spreading the financial risks and expenses, as well as the rewards, among all the partners.
At Thoroughbred Racing Nation, we are passionate about racehorses, horse racing, and success! Whether you own 1%, 10%, 50%, or 100% of one of our racehorses, you are an owner, and this means you receive all the benefits and perks awarded to racehorse owners of every level of ownership
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CALL: (502) 297-7781 | EMAIL: myracingnation@gmail.com | ADDRESS: P.O. Box 221342 • Louisville, Kentucky 40252