Derby Trail Racing Partnership

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!

Be even cooler if you guys bought a filly and she ended up in the breeding shed.
You could breed her and split up the stud fee of a solid stallion a whole bunch of ways and race or sell the offspring.

[ddthetide]

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

[Seattleallstar]

im in! how do we get started

[hoovesupsideyourhead]

there will be updates in the next few days.....as we trust chucks horsemanship and that he has more than a vested intrest he has the sole opinion about spotting the horses..with the amount of people invoved there is not another way to do it..constructive thoughts will allways be listened to of course..

[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>..

[sumitas]

Ya got my attention. I'll goose oracle in the winner's circle for the photo.

[pmacdaddy]

Definitely interested. Great idea!

[Kasept]

Prospectus/Agreement letter is done and will be mailed out over the next few days...

Look for it in your mailbox... If you are interested and have not yet Emailed me your home address, please do so! sbyk@nycap.rr.com

We anticipate raising between $35,000-$45,000, and Chuck is thinking that there may be an excellent candidate for us in the February Fasig-Tipton Sale, or otherwise will be on the lookout for "our horse"...

[dellinger63]

Roadtrip to Fasig/Tipton sale??? LOL. And will we decide where to race the horse based on paddock and winner's circle size? Once we know how many owners are coming? This is going to be a blast!

[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.

[Danzig]

Originally Posted by 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.

that's why partnerships are good, if you find the right one. that way, those of us who aren't wealthy can join in the hobby. thing is, none of my other hobbies are money makers either....

[Kasept]

Originally Posted by 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.

Well good.. you totally are in agreement then with the philosophy and approach being taken by DT Stables.. An non-investment, hobby opportunity for people who are "wealthy" collectively via a one time buy-in of $500. No other expense...

We are endeavoring to bring people into racing virtually risk-free, past the initial contribution. We are utilizing the generosity of Chuck Simon to absorb the day rate to eliminate the monthly fee partnership scenario. Not to impune other partnerships, but this isn't Soveriegn, Solaris, Karakorum or Castle Village...

It's a group of people that want to experience the game without the spectre of monthly expenses. We will be getting together at racetracks where Chuck (FG, CD, TP, SAR, etc..) competes for fun, and hopefully watch our horse(s) run.. It is a unique opportunity for most of the people who have gotten involved, and their excitement at being a part of it won't be detered by brickbat wielders and naysayers.