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#3
07-15-2007, 09:08 PM
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When I was with West Point and others, the 10% purchase price usually covers you for a set training period if your buying 2 YO's. So the 10% is for the price of the horse plus say 3-6 months training fees.
Then quarterly you will be either: a. assessed the next quarter training fees or b. receive a check for race profits-training fees. With a claiming partnership, the company pays for the claim and assesses the new owners 10% claim purchase price as well as a quarterly training fee up front to carry them for the next quarter. You agree ELA?
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