Derby Trail Racing Partnership

[Thunder Gulch]

Count me in...somebody please think about claiming something at Oaklawn. I'm in a few partnerships elsewhere that I can't get to on a regular basis, but my partners and I all go to Oaklawn in the spring.

Originally Posted by Thunder Gulch

Count me in...somebody please think about claiming something at Oaklawn. I'm in a few partnerships elsewhere that I can't get to on a regular basis, but my partners and I all go to Oaklawn in the spring.

If you are gonna claim it has to be at a track that has "open claiming" Point.
Some jurisdictions have rules(like NY) that state in order to claim you must have run a horse(trainer and owner) at the current meet.
Of course after 30 days a claim may be sold legally to new owners.
I'm sure Chuck has a plan.

[SniperSB23]

Sounds great, I'd love to get involved although with my current financial situation I would have to start small with like one or two shares. Hopefully down the road I could become more involved.

[slotdirt]

I'd just point out that just because there are 20 partners doesn't necessarily mean all 20 are going to have direct input into the trainer. I'd suggest Steve (or anybody else) take charge as a managing partner for most dealings with the trainer.

Then again, since this is a pretty good and genial forum, most things could be discussed right here at DT.com. Just my two pennies.

[Scav]

Originally Posted by slotdirt

I'd just point out that just because there are 20 partners doesn't necessarily mean all 20 are going to have direct input into the trainer. I'd suggest Steve (or anybody else) take charge as a managing partner for most dealings with the trainer.

Then again, since this is a pretty good and genial forum, most things could be discussed right here at DT.com. Just my two pennies.

exactly. like Simon is going to want 38 people calling him....He could probably start an 'area' specific to the horse that we claim

[PSH]

I am sure details will be coming. very exciting. number of questions to ask...
1. partners all same for multiple horses or each horse has different set of partners
2.500 cost includes training but also many other costs such as riders comp insurance etc.
3.I assume each partner needs to get licensed in each state the horses will be racing in which adds to cost
4many other issues

great fun

PSH

[slotdirt]

Licensing depends on the state. Some states only require a license if an individual owns more than a certain percentage of a partnership. If you're buying one share, you probably don't need to get licensed in most states.

[Cajungator26]

Originally Posted by slotdirt

Licensing depends on the state. Some states only require a license if an individual owns more than a certain percentage of a partnership. If you're buying one share, you probably don't need to get licensed in most states.

I love WaHo, Slot... good avatar choice! LMAO

[Thoroughbred Fan]

I wish you all a lot of luck. Hopefully some of you can make it to the tracks where the horse will run. Having in a winner circle photo is the greatest. Although I think most of mine have cost me thousands. LOL!

[ddthetide]

wife and i waffle house every saturday morning ! cool avatar.

[Seattleallstar]

im in! how do we get started

[2 Dollar Bill]

Sounds like a great idea, I would like to get in also
and you never know..... come some first saturday of May... I'll rent the
Yellow School Bus... LOL>..

[pmacdaddy]

Definitely interested. Great idea!

[MisterB]

I like Chuck, but not when he leaves Kentucky. Also, Partnerships may be fun, but they end up as money suckers. Just another way to pay the bills. Why do you think Most trainers do not own horses? Money suckers. Owning horses is not an investment, it's a hobby and love for the wealthy.

I'm in one now & we won our 3rd start @ the big A & oh how fuuunnnn.I'm down just let me know when to sign up & giddy up

[saucon17]

Here is a link to licensing. These is the site we get all our forms from.

http://www.racinglicense.com/

[Thoroughbred Fan]

Originally Posted by saucon17

Here is a link to licensing. These is the site we get all our forms from.

http://www.racinglicense.com/

You shouldn't need licenseing. Only people who own 5% or more of the horse need to be licensed in most jurisdictions. That is a bit of cash you can save. You will need to pay to get your stable name, but if the trainer owns 50% then the other 20 of you will own 2.5% each. So save the license money and bet it to win on your horse. You can still run in the stable's name.

-TF

[dellinger63]

This thing won't be about 20 people making decisions but 20 people coming behind one trainer who has a proven record of making right decisions. Win or lose it will be a blast.

[slotdirt]

By the way, I had to comment somewhere on the Steak and Shake logo being one of the built-in avatar selections. That's just downright glorious.

[Scav]

how awesome would Derby Trail silks be.......