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ALLOCATION OF BUDGETED EXPENSES
The following represents the budgeted monthly costs for each horse based on 1% ownership:
$33.74 per month while the horse is training on the farm.
$44.98 per month starting on July 1st of 2YO year - about the time the average horse ships to the race track. See budget below.
THREE THINGS TO REMEMBER
1. Costs (expenses) are invoiced quarterly in advance. To determine the amount for larger percentages, multiply the above figures by the percent you intend to purchase or call us and we will be happy to assist you in calculating the amount.
2. These costs (expenses) are the typical expenses incurred for each horse owned.
3. Extraordinary expenses are not budgeted for, but would still be required to be paid, should such events occur.
Most horses will not exceed the budgeted expenses, but it is possible - should unforeseen situations occur (injury, litigation, etc.).
TYPICAL BUDGET
The following represents the budgeted monthly costs based on the $44.98 per share payment per month:
Training Day Rate $ 2,850
Blacksmith $ 150
Vet Expenses $ 509
Misc. (Shipping, vitamins, equipment, etc.) $ 100
Accounting/Tax Return Preparation $ 275
Overhead Allocation $ 614
TOTAL MONTHLY BUDGET $4,498 or $44.98 per share per month.
...note from a partner...
"Entering in to my first horse racing partnership, I was naturally very nervous and did not know what to expect. But after meeting with the executive team and visiting the training center, all that changed! I was very impressed with their top class facility and the people that took care of the animals were incredible. The trainer answered all the questions I had and really made me feel even more comfortable with my investment. The Dream Team Racing Stable feels like a big family and I can't wait to have my horses get to the track." (B., Georgia)
