Frequently Asked Questions

A 1% owner holds a 1% interest in the horse, shares applicable expenses at the published 1% rate and receives 1% of distributable net purse and sale proceeds.

Multiply the horse’s listed value by the percentage purchased. For a $12,000 horse, 1% equals $120, 5% equals $600 and 10% equals $1,200.

The ownership agreement will state the effective date. Monthly fees are based on the horse’s applicable phase during the billing period.

Yes. The rate changes when the horse moves between turnout, training and training/racing. Base rates may also change or vary by trainer.

Transportation, staking, nomination, sustaining and entry fees, extraordinary veterinary expenses, and other horse-specific costs identified in the ownership agreement are billed separately.

After applicable trainer and driver percentages, remaining net purse proceeds are distributed according to percentage ownership.

Net sale proceeds, after commissions and sale-related fees, are distributed according to percentage ownership.

Any transfer or sale must follow the ownership agreement and applicable racing or registration
requirements.

The designated manager and trainer make ordinary training, racing and care decisions, subject to the authority and procedures described in the ownership agreement.

Owner participation is encouraged when practical and permitted by the trainer, farm and racing facility. Visits should be arranged in advance.

Horse welfare comes first. Veterinary, rehabilitation, retirement or other decisions will be made under the ownership agreement with appropriate professional input.