Do ordinary people own race horses in America or is that privilege reserved only for breeders and the rich.?

Question

Do ordinary people own race horses in America or is that privilege reserved only for breeders and the rich.?

Answer 1

They have partnerships for ordinary people... I don't know if they are more money maker partnerships than there are money looser partnerships... but you do get to be an owner....

Visit this site and thier are other partner sites too... Yahoo or google HORSE RACING PARTNERSHIPS

http://www.hibiscusstables.com/offerings...

Answer 2

Funny Cide (the 2003 Kentucky Derby and Preakness winner) was owned by a group of "ordinary people".  They were a group of old friends who each put up $5,000 to start a racing stable, and they later purchased Funny Cide for $75,000.  Most of the money to purchase Funny Cide came from selling one of their other race horses.

His owners included a math teacher, the retired mayor of a small town, a small business owner and a senior project manager.  



1977 Triple Crown winner Seattle Slew was jointly owned by two married couples (including a fourth generation logger, a former stewardess and a veterinarian).  They bought him for $17,500 which was $2500 over their budget.

There are also less famous racehorses owned by ordinary people.  The 2008 El Camino Real Derby winner "Autism Awareness" was purchased for $1000 by a family who's son has autism.  2008 Kentucky Derby starters  Bob Black Jack and Big Truck's owners are not wealthy either.

I'm certain there are numerous other examples.

Answer 3

Most horse ownership is upper middle class people, and that applies to all horse disciplines, not just horse racing.  The upkeep and care of horses is EXPENSIVE!

Answer 4

It takes a special person to own a race horse. You have to have a real love for the animal as well as respect for the sport.  Cause there will be lots of ups and downs.

Answer 5

I am your average everyday person,,and i have owned 3 appaloosa's  for quite some time, but because i love the animal and the sport, we just aqured a mustang and a race horse..

race horses are expencive and more for the upper class people who are in it for the money and a love of the sport. I cant say they dont love there aniamls because many of them do..

raceing is a very harsh sport and is not something to be taken lightly by the breeder,trainer,jockey, or animal..

I purchaced this horse to save it from the race track actually..

there are too many of these young horses out there injuring themselfs and being put down,and i totaly believe its because they are being put out there too young,but horses arent meant to be put under such harsh conditions and raced,and thats where all the injuries and health issues come into play

Answer 6

Horses are expensive, it can cost $45,000 USD to train a thoroughbred for a year.   However it is possible to own a race horse if your not rich by some other methods.

The most common way is by "partnerships" in which people buy a part of the horse and share the costs of ownership.   For example, it is much more reasionable for someone to pay $5,000 for 1/40th of a horse and spend $100 a month in training fees then to buy a $200,000 horse and spend 4,000 a month in fees.    Funny Cide, the winner of the kentucky derby in 2003, was owned by a partnership that consisted of schoolteachers and other normal folks.

Harness racing, (standardbreds), which is another type of race horse, and quarterhorses, which race only 1/4 of a mile, allow artifical insemination, and thus the horses are much less expensive and the ownership is more "Blue Collar" though some very rich and famous people have owned Standardbreds and Quarterhorses.

Answer 7

yes they do. famous racehorses have started out with families that weren't rich.

Answer 8

its the rich, if you dont have the money you can barely pay for the horse tail!

Answer 9

There are plenty of ordinary people I know who own Thoroughbreds ( the breed which races) or horses which are at least partially of that ancestry. Not all Thoroughbreds are raced, and not all of the ones which make it to the track actually do well there. Racing is not a one size fits all sport, nor is it for every horse. One of the horses on the farm I live on is a young off the track Thoroughbred- and he is owned by a local vet. His owner isn't wealthy, nor is she an heiress to a fortune, the way a lot of other TB owners are these days. Does that mean she doesn't love and care for her horse? Hardly. Wealth is not always necessary, nor is it a prerequisite for horse ownership. This horse is a gelding, so he isn't breedable- but even if he were, I doubt that would make much difference to his owner.

Breeding horses, on the other hand, is usually, but not always, the province of the very wealthy, because these are the people who have enough income to be able to afford things like expensive stud fees and vet care for their mares. Sometimes you will see an ordinary working person who is trying to do some small scale breeding, but such people are generally rare because of the costs involved in doing this as a hobby.