Little Red Feather Racing Blog

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Horse Racing Partnerships 101: How Training Expenses are Paid with an LRF Horse?

2 minute read
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 ...

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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: 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: Seriously, How Much does it Cost to Own & Train a Thoroughbred Racehorse?

2 minute read
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 ...

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Horse Racing Partnerships 101: An Interview with Mike Smith

6 minute read
Mike Smith is riding high. Inducted into the Horse Racing Hall of Fame in 2003, Mike has won more Breeders’ Cup races than any other jockey. He was the regular rider for such super stars as Zenyatta, Shared Belief, and Azeri and currently is the rider of Songbird, Unique Bella, and Breeders’ Cup Classic winner, Arrogate. Last November, Mike guided Little Red Feather Racing’s ...

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Horse Racing Partnerships 101: Happy New Year

1 minute read
As we start another year, everyone struggles to come up with a worthwhile New Year’s Resolution. Typically, if you are anything like me, we take a look in the mirror and our first resolution is to make sure you get back in the gym! In fact, gym memberships go up substantially in the month of January and, by April – once again if you’re like me – the gym days start to dwindle as the weather starts to heat up. Waste of time and energy. ...

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Horse Racing Partnerships 101: How Training Expenses Work with an LRF Horse Racing Partnership?

2 minute read
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 ...

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Horse Racing Partnerships 101: Seriously, How Much does it Cost to Own a Racehorse?

2 minute read
Early this morning at the gym, a professional athlete asked me what I did for a living. When I told him I was in the horse racing business, he responded - as most people do - with “REALLY? WOW! VERY COOL! DO YOU KNOW BOB BAFFERT?” After this exchange, the very next thing out of his mouth was, “I heard it’s like $20,000 a month to keep one of those. Expensive right? Seriously, whether you own singularly or invest in horse racing partnerships, how much does it ...

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Horse Racing Partnerships 101: Breeding

2 minute read
In late fall, horse racing publications are dominated by articles announcing that many of the male and female equine stars of the racing world have been retired. If the horse is an intact male, he will be retired to begin stud duties. If the horse is a filly or mare, she will trade racing for motherhood and become a broodmare (a female horse used for breeding). This sounds simple enough, but the transition from athlete to parent often involves significant ...

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