4 minute read
July 9, 2021
photo courtesy of DMTC Del Mar 2021 is here….and welcome home. For many it's been two years since you last visited the iconic racetrack. While we can't get back what we lost - - we certainly can try to make up for it. ...
3 minute read
June 7, 2021
Owning a racehorse can be the most exciting investment you ever make. But, it is first and foremost an investment. If treated like the business that it is, the IRS affords many of the same protections and write-offs as investing in real estate or other business ventures. So, yes, it is a write-off! As long as you can pass the ...
3 minute read
May 20, 2021
Horse owners or the general partner of a horse racing partnership faces an important decision before each and every start. Who do you choose to ride your horse?
2 minute read
June 4, 2019
It’s one of the most frequently asked questions we receive and for good reason. Understanding the risks and exposure is important when evaluating any investment. Owning a share in an LRF horse racing partnership comes with two expenditures. The initial share price to purchase the horse and upkeep/expenses. All partners pay all expenses from “Day 1”, no matter when you purchased your share of the ...
2 minute read
May 28, 2019
Nobody likes “markups”… especially in the world of thoroughbred partnerships. As the saying goes, “How can you charge X, when you just purchased the horse for Y last week?” In pure economic terms, I’m sure all of you recognize there is a markup in everything we purchase - from the shirt on your back, to a new HD television, to the cost of having a pizza delivered. Ultimately, it is you, the consumer, who choose if the value added from the ...
2 minute read
May 26, 2019
Most people don’t know, but many horse trainers expect a 5% “bonus” when an owner sells a thoroughbred racehorse for a profit. For example, a horse racing partnership purchases a horse for $100,000, races the horse successfully, then later sells a horse for $250,000. In such instance, due to the profit, the trainer expects 5% of the sales price or $12,500. He expects this usually for one of two reasons. One, as a bonus for the increased ...
3 minute read
May 19, 2019
Owning a racehorse can be the most exciting investment you ever make. But, it is first and foremost an investment. If treated like the business that it is, the IRS affords many of the same protections and write-offs as investing in real estate or other business ventures. So, yes, it is a write-off! As long as you can pass the ...
5 minute read
June 12, 2018
photo courtesy of DMTC Everything smells and tastes better in the summer, most notably in the middle of July! Del Mar 2018 is nearly here. Where stress levels drop to 0 (except when the stewards innocuously take down your horse) and it's sunshine until nine. With purse increases in Southern California, racing is hotter than the weather (always 78) ...
3 minute read
February 18, 2018
Horse owners or the general partner of a horse racing partnership faces an important decision before each and every start. Who do you choose to ride your horse?
2 minute read
October 12, 2017
In a recent blog “Seriously, how much does it cost to own a racehorse”, the costs of ownership were broken down to around $45,000 for routine maintenance and training fees excluding stakes nominations costs. Keep in mind that the costs are generally split between shareholders of horse racing partnerships making them a little more ...
