Derby Trail Racing Partnership

[Kasept]

Needless to say that everybody seems very excited about an undertaking of this kind.. The obvious advantage we have trying to do this is Chuck Simon.

In terms of Next Steps, we will be formulating a prospectus with detailed explanation of how a partnership like this would be organized, work and administered. In the most simple terms, approximately 60 shares of $500 will be available in each 'partnership' with a maximum of 2 shares available per person. As this is a partnership for fun, we do not expect to make money... Unless we're as lucky as the most fortunate players in the business, this investment will most likely be strictly "for entertainment purposes only.." Do not get involved if you hope for even a modest return on investment.

By limiting shares, we will keep individual ownership percentages under 5% each which mitigates the need for individuals to be licensed and minimizes the tax ramifications involved in horse ownership and partnership management.

Those interested in receiving a copy of the prospectus and partnership agreement should Email me at stevebyk@derbytrail.com with their names and addresses. Once ready for distribution, I will send it out. As soon as payments are accumulated, Chuck will finalize the selection of a runner. Expenses of establishing the partnership will come out of the initial investment, another small percentage will be kept in reserve for emergencies, and the majority will be used for acquisition of our first horse.

As the vast majority of expenses will be shouldered by Chuck, all decisions regarding horse selection, race placement, riders, etc., will be his. We're along for the ride and to get together at Fairgrounds, Churchill, Turfway and Saratoga and have fun...

More as we finalize elements... Thrilled that so many are interested and excited by the idea...

Steve

[Cannon Shell]

Originally Posted by Kasept

Needless to say that everybody seems very excited about an undertaking of this kind.. The obvious advantage we have trying to do this is Chuck Simon.

In terms of Next Steps, we will be formulating a prospectus with detailed explanation of how a partnership like this would be organized, work and administered. In the most simple terms, approximately 60 shares of $500 will be available in each 'partnership' with a maximum of 2 shares available per person. As this is a partnership for fun, we do not expect to make money... Unless we're as lucky as the most fortunate players in the business, this investment will most likely be strictly "for entertainment purposes only.." Do not get involved if you hope for even a modest return on investment.

By limiting shares, we will keep individual ownership percentages under 5% each which mitigates the need for individuals to be licensed and minimizes the tax ramifications involved in horse ownership and partnership management.

Those interested in receiving a copy of the prospectus and partnership agreement should Email me at stevebyk@derbytrail.com with their names and addresses. Once ready for distribution, I will send it out. As soon as payments are accumulated, Chuck will finalize the selection of a runner. Expenses of establishing the partnership will come out of the initial investment, another small percentage will be kept in reserve for emergencies, and the majority will be used for acquisition of our first horse.

As the vast majority of expenses will be shouldered by Chuck, all decisions regarding horse selection, race placement, riders, etc., will be his. We're along for the ride and to get together at Fairgrounds, Churchill, Turfway and Saratoga and have fun...

More as we finalize elements... Thrilled that so many are interested and excited by the idea...

Steve

We have also raced at Keeneland, Tampa, Mountaineer Park, Monmouth, Belmont, Del Mar, etc. in the past year, so we will not be afraid to go on the road if the situation calls for a road trip, which are always fun!

[SniperSB23]

Originally Posted by Cannon Shell

We have also raced at Keeneland, Tampa, Mountaineer Park, Monmouth, Belmont, Del Mar, etc. in the past year, so we will not be afraid to go on the road if the situation calls for a road trip, which are always fun!

Are you cool with allowing us to make suggestions for future races? I have no problem with my idea not being used, just as long as I know it is given consideration and not just ignored.

[GPK]

Originally Posted by Cannon Shell

We have also raced at Keeneland, Tampa, Mountaineer Park, Monmouth, Belmont, Del Mar, etc. in the past year, so we will not be afraid to go on the road if the situation calls for a road trip, which are always fun!

YEEEEEEEEEEES!!!!!
Chuck...I love you...

[Sightseek]

It sounds like a lovely idea. Would it be possible for you to email the respondants on this thread a business proposal of the partnership as soon as it becomes available? Also, would you be opposed to having a meeting for people who are geographically close?

[kenny p]

Originally Posted by Kasept

From the 12/7 'announcement' above...

INTRODUCING "DEE TEE STABLES" RACING PARTNERSHIP: I'm pleased to announce that Derby Trail, at the suggestion of Hooves and in partnership with trainer Chuck Simon (Cannon Shell), is forming a racing partnership. Chuck, who runs his strings at Saratoga, Churchill, Turfway and Fairgrounds, is the perfect guy for all of us to get into a partnership with, given his long history of success.

His choice of racing venues will give Derby Trailers in nearly every part of the country the opportunity to come to the track and be part of the ownership experience; his ability to pick out sale or claiming horses offers us a way into the game at any level depending on the amount of Derby Trailers that get involoved; His record of success and integrity is unquestionable, and he's about as fun a guy to be around as there is in the game...

Details will be forthcoming, but the partnership will be a closed end style deal with shares offered in horses for a one-time, flat rate buy-in per horse, likely $500 per share, to cover the acquisition of the runners. Chuck will handle the training expenses and receive 50% of all purses as compensation for his costs.

This is a terrific way to get into horse ownership, and most importantly, should be a tremendous amount of fun for all of us. We aren't looking to win the Derby, but hope to simply have a great time and bring as many Derby Trailers into the game at a reasonable cost as possible. More information will follow, but we hope to have the initial share offering completed by January 15. There are already 7 DTers that form the foundation of the first partnership...

Look for a thread to be started in the Paddock, or a Room opened, to keep everyone informed about the development of Dee Tee Stables...

(Well.. this is the thread... Please let us know your interest/reaction to getting involved!)

Steve

Count me in. If there is room. KP

[Catman]

Sounds great, CBS(Carolina Barbecue Stables)! Ready when you are.

[disrespectnfool]

what i tried to say earlier......i am very interested, but would like to know if i could split a share with a friend or do we each need our own? thanks so much!

[Kasept]

Having gotten home to (frigid) New York, I've been able to catch up on the Partnership commitments and it looks like we're about ready to go shopping for a runner!

Interestingly, we have exactly what our initial estimate was in terms of partners and investment dollars... 40 partners... $25,000... (once last few committments are received). Though we had revised our estimate upwards in terms of the money target based on early verbal and posted responses, we can cap this first share offering as it is now and get started. That will essentially double everyone's ownership percentage from 1% to 2%, if you put in $500. ($1,000 = 4%, etc..).

Chuck has been looking for horses in this price range ($20,000), so the budget works fine... If anyone has interest that hasn't yet done so, please get your Agreement letter back to me in the next two weeks (Let's set February 19 as a cutoff)... In the meantime, 'Cannon Shell' is on the lookout for Dee Tee Stables' first horse!

Thanks to everyone for the great response... I can't really believe we're pulling this off!!!

Steve

[SniperSB23]

Cool, I'm psyched. Is Chuck looking for an older reliable claimer or a younger horse he sees some potential in?

[Kasept]

Originally Posted by SniperSB23

Cool, I'm psyched. Is Chuck looking for an older reliable claimer or a younger horse he sees some potential in?

Open to anything that looks solid and with some upside..

There's a racing age/mixed sale coming that might have something.. claimers to peruse at GP, FG, AQU or TP.. private purchase options.. even a filly or mare that could be turned around at the end of the year or in early '08 and sold as a broodmare prospect..

Look forward to hearing from Chuck here later today..

[jpops757]

Please keep us "outsiders" informed. I will be your biggest fan. If the partnership expands to Tx LAD or rem count me in. Im still considering any future offerings even if it would make this old man get of his dead arse and go somewhere. GOOD LUCK

[Kasept]

Originally Posted by jpops757

Please keep us "outsiders" informed. I will be your biggest fan. If the partnership expands to Tx LAD or rem count me in. Im still considering any future offerings even if it would make this old man get of his dead arse and go somewhere. GOOD LUCK

Jpop,

Appreciate the support... I know there's a DT-Fair Grounds Trip being planned.. You should make arrangements to be there! Check out the "Get Togethers" Room "downstairs". I think it's a thread..

[Buffymommy]

Good luck guys! I will be rooting for your horses!

[Kasept]

Originally Posted by Buffymommy

Good luck guys! I will be rooting for your horses!

Thanks Buffy... (But, for now.. it's "horse".. singular)...

[pweizer]

This is very exciting news. Certainly the closest to ownership I will ever get. Thanks, Steve and Chuck, for putting this together. It will be a fun ride.

Paul

[Buffymommy]

Originally Posted by Kasept

Thanks Buffy... (But, for now.. it's "horse".. singular)...

Eventually, it will be horseS. I have faith.

[Cajungator26]

Good luck, everyone!

[kahuna1871]

Please take this reply as my interest in joining the partnership. I have waited for an opportunity like this that would allow me to participate.

Heck I will even offer to sing a tune or two at our celebration party!

Tony Clifton

I am again formally requesting a prospectus so I can join the fun.
I have tried to email you Mr. Byk. If anyone else got a prospectus and can PM me one I would appreciate it. The money is just settin here.