Derby Trail Racing Partnership

Good luck guys!!!!!!
I'd like to add that your trainer has a lotta experience in training for diificult owners so handling 20 guys would normally be a trainers nightmare, but you have a guy who is best suited for that job of anyone alive.
After training for Ken Ramsey and Gus Goldsmith, anything else is a stroll in the park!!!

[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

[saucon17]

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

http://www.racinglicense.com/

[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.......

[Cannon Shell]

Originally Posted by oracle80

After training for Ken Ramsey and Gus Goldsmith, anything else is a stroll in the park!!!

Truer words were never spoken!

[Cannon Shell]

Though we are just in the initial stages of setting this up it is encouraging to see the positive response. Hooves came up with the idea and Steve ran with it. As he said the individual investment will be modest and I am willing to provide some sweat equity to keep the expenses reasonable. Though there are a few details to be worked out hopefully we will be up and running soon.

[Sightseek]

Originally Posted by Cannon Shell

Though we are just in the initial stages of setting this up it is encouraging to see the positive response. Hooves came up with the idea and Steve ran with it. As he said the individual investment will be modest and I am willing to provide some sweat equity to keep the expenses reasonable. Though there are a few details to be worked out hopefully we will be up and running soon.

I have to say, your willingness to put that into this possible partnership speaks volumes. Thank you.

[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.

[Cannon Shell]

Originally Posted by SniperSB23

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.

Why not? Input would always be considered. Personally I dont care whos ideas get us into the winners circle as long as we get there. I'm much bigger on cash than I am credit.