Owning a "share" in a racehorse?

Question

Does anyone know of any stables that do the "share ownership" deal for racehorses in the northeast USA? I'm mainly looking for a horse that races the Meadowlands, but would also be open to Yonkers and possibly Monticello. I don't want to spend a whole lot of money -- would prefer to keep in under $300 with NO monthly fee. I'm not looking to make a whole lot of money, rather just do it for the experience. Thanks.

Answer 1

I did a search on the terms standardbreds and syndication and this site looked promising:  http://www.stakeyourclaimstable.com/abou...

I am part of a partnership in Southern Cal that races thoroughbreds, but I don't know that much about harness operations.  It seems like you should be able to find something.  If you decide for a thoroughbred partnership, Karakorum is a pretty affordable way to go.  Good luck, it is fun to have horses and watch them on race day.

Answer 2

VIP Stable races out of the Meadowlands. Not sure about Yonkers. Do a Google or Yahoo search using VIP Stable and it will get you there. As for getting a horse for around $300, well that might be tough. I did buy into a 2 year old pacing filly for $125 though. You might need to wait a little for a cheaper horse than anything they are currently trying to partner up on. Sadly, there are monthly costs ranging up to $100+ a month. Depending on your percent  ownership. Mostly more. I don't know of any offhand in harness racing using a buy it and forget system.

Answer 3

Go to your local track and ask around, and you might find one that is local that you can research.  Also look into Standardbreds since your in the northeast (they are less expenisve.)   but concider the $300 as entertainment costs, as on avg. you will loose 50% of the money you put in, and in the low end it is higher... And $300 with no monthly fee might be too low to really buy into a horse.

Answer 4

drf.com classified advertisements will help you...

Answer 5

$ 300.00 won't get you owning part of any horse sorry..

Better save up allot more

and the monthly expenses will be always involved and 300.00 will not cover your share

so save the 300.00 for about 15 yrs then you might have enough to Buy one your self

Answer 6

A lot of racing stables do this actually.  I can't tell you exactly which ones are based near you, but some of the diversified ownership stables are West Point Thoroughbreds (you probably have seen their bright yellow silks with the black trim), Centennial Farms (they own Corintian [Breeders Cup Dirt Mile winner] and Chelokee), and IEAH stables (they own Kip Deville [Breeders Cup Mile winner] and Big Brown [Kentucky Derby winner]).  IEAH does things a little differently than the other 2.  By investing with IEAH, you invest in a group of horses instead of the traditional partnership where you invest in just one horse.  That way some of your horses can do poorly but you'll still make a lot of money because other horses will do really well.  I'm not sure what $ requirements for investing with any of these groups.  I've been thinking about that a lot lately too... I think it would be a great investment, but I just don't have money at the moment.

Answer 7

Most horse owners do not make money.