Benev,
Dee Tee isn't an investment.. It's more of 'racing club'. $500.00 buy-in only and no other typical monthly fees/charges after that. No one has 5% of the horse, so there are no tax consequences... Strictly a means to assemble as friends at racetracks and have a great time as 'owners'.
We get together, buy a horse, Chuck trains, covers the day rate and basic expenses, spots the horse, gets 50% of purses (instead of 10%). If we build any kind of a nest egg with winnings, we buy another horse... It's thoroughbred racing at the grass roots level!
Chuck has more of an investment partnership called 'Polyhorse Partners' as Riot mentioned. It's a 4 horse deal and a share is $7,500. I believe he has just 1, or maybe 2, shares left available...
Based on interest, we are likely forming a 2nd offering to buy a NYbred yearling this summer and a 3rd offering for another 'in training' runner like Sumwonlovesyou... Stay tuned here...
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