Buying a thoroughbred racehorse can be...should be....the most exciting investment you ever make. There is no better feeling than watching YOUR horse take the lead at the top of the stretch.
BUT HOW MUCH DOES IT COST?
It's the question we get asked the most - - and here's the answer.
Championship quality thoroughbreds cost between $100,000 and $300,000 to purchase and about $45,000 a year in expenses. Of course, buying a thoroughbred is competitive and purchase prices can easily exceed $300,000. We'd like to think if you have the right team representing you, they will be able to find a top thoroughbred racehorse in the range above. Furthermore, if you join a syndicate like Little Red Feather Racing, you can purchase as little as 5% and share in the above costs with fun and like-minded partners all professionally managed. $15,000 upfront and $2,250 per year for 5% allows you to spread your risk and own many horses for less than the cost of owning one on your own!
As for expenses, the $45,000 a year to maintain a racehorse in training (in Southern California) is broken down as follows: