Little Red Feather Racing Blog

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Horse Racing Partnerships 101: The Truth about Markups

2 minute read
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 ...

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Horse Racing Partnerships 101: Are Trainers Entitled to a Bonus When You Sell a Thoroughbred?

2 minute read
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 ...

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Horse Racing Partnerships 101: Tax Talk

3 minute read
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 ...

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Top 25 Things to Do in Del Mar (2018)

5 minute read
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) ...

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Horse Racing Partnerships 101: How do Owners Pick a Jockey?

3 minute read
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?

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Horse Racing Partnerships 101: Buying the Best Doesn't Mean Paying the Most

2 minute read
  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 ...

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We Once Saved a Horse's Life Stuck in Quarantine....She Runs Tomorrow at Del Mar

3 minute read
We've won the Breeders' Cup and pinhooked horses for millions of dollars. And I promise you the biggest win in LRF history or my career will always be the time we saved Tooreen Dancer's (IRE) life. The word "we" is a also big one. Saving a horse's life stuck in USDA quarantine takes more than one person. It involves lawyers, senators, heads of big organizations and two governments. No one will ever be able to tell me we don't care about our horses ...

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Top 25 Things to Do in Del Mar (2017)

4 minute read
Del Mar 2017 is here! Where racing is king again and the only talk of field size is how busy 19th Street Beach gets before noon. No matter what's happening in the world there is always Del Mar. Breathe, soak it in, and enjoy our list for the Top 25 things to do this summer (and every summer) where the turf meets the surf.   1. There is only one thing better than 

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Horse Racing Partnerships 101: We Miss You Barry Abrams

2 minute read
Trainer Barry Abrams retired last year and California racing is not the same. He co-owned the great California stallion Unusual Heat (a horse he claimed) and had a style of training not seen in decades (and still not emulated).  He was also a mentor to a young syndicate named Little Red Feather. My favorite Barry Abrams story is this.  

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OBS March 2017: The Short List

2 minute read
The important OBS March 2YO-in-training sale is set for tomorrow, March 14, 2017 and LRF is here trying to find the next Midnight Storm for our horse racing partnerships. Auctions are incredibly exciting. With 2YO’s even more so. It feels like the NFL combine. You have these incredible athletes and it is your job to find Tom Brady from a very talented pool with like-minded competitors swimming around you.The process of finding your horse takes talent, ...

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