Little Red Feather Racing Blog

Did you Know Nearly 90% of All Revenue Received by LRF Flows to the Entire Horse Racing Industry?

Posted by Gary Fenton on Mar 7, 2017 1:40:04 PM

There are many benefits to owning a share of a Little Red Feather racehorse. First and foremost, you can expect a first-class communal experience owning a championship quality thoroughbred with hands-on management and incredible client communication.  

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Topics: Opinion Piece

Horse Racing Partnerships 101: Pegasus World Cup Analysis

Posted by Billy Koch on Jan 23, 2017 12:00:00 PM


The biggest discussion/question/argument in horse racing this week will not be centered around horse racing partnerships. No, all rhetoric this week will surround the world’s richest horse race, the first ever running of the $12M Pegasus World Cup. The mile and an eighth race will be run this Saturday, January 28 at Gulfstream Park in Hallandale Beach, Florida and features a rematch between 2016 Horse of the Year, CALIFORNIA CHROME, and the only horse to beat him in 2016, Eclipse Champion for three-year-olds, ARROGATE.
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Topics: Opinion Piece

Horse Racing Partnerships 101: Is This a Tax Write-Off?

Posted by Gary Fenton on Jan 22, 2017 7:47:54 PM

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 IRS Hobby Loss test (see below). If successful, there is a second test to determine when (and how much) you can write-down. Thankfully, it is generally accepted that investing in horse racing partnerships satisfies the Hobby Loss test.

Test #1 - Hobby Loss Tes
The IRS must first and foremost recognize your investment as a “legitimate business investment". As you can imagine, the IRS won’t blanketly allow taxpayers to write-off just any business investment.  An activity for personal pleasure that doesn’t generate profits is not a legitimate business investment but instead classified as a “hobby”.

Per the IRS, the following factors, although not all inclusive, may help you to determine if your activity is an activity engaged in for profit or a hobby.

  • Does the time and effort put into the activity indicate an intention to make a profit?
  • Do you depend on income from the activity?
  • If there are losses, are they due to circumstances beyond your control or did they occur in the start-up phase of the business?
  • Have you changed methods of operation to improve profitability?Do you have the knowledge needed to carry on the activity as a successful business?
  • Have you made a profit in similar activities in the past?
  • Does the activity make a profit in some years?
  • Do you expect to make a profit in the future from the appreciation of assets used in the activity?
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Topics: Opinion Piece

LRF Cares Update

Posted by Renee Parcell on Oct 9, 2016 1:16:18 PM

As many of you know LRF started LRF Cares in 2016, a 501(c)(3) sponsored charitable organization which provides resources towards the aftercare for horse racing partnership horses and other noteworthy causes.

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Topics: Opinion Piece

Horse Racing Partnerships 101 - The Graded Stake Landscape

Posted by Joe Longo - Senior LRF Blogger on Aug 22, 2016 10:26:14 AM

Editors note: Winning a graded stakes race is the pinnacle for anyone in horse racing partnerships! Above is Little Red Feather Racing's Midnight Storm capturing the 2016 Eddie Read at Del Mar. A grade 1 for many years, the race was "dropped" to a grade 2 in 2016. Senior LRF blogger Joe Longo explains the graded stake landscape below. We hope you have enjoyed Joe's blogs this summer. Enjoy!

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Topics: Opinion Piece

Horse Racing Partnerships 101 - Stud Fees

Posted by Joe Longo - Senior LRF Blogger on Aug 12, 2016 12:52:27 PM

The stallion market has seen its share of ups and downs over the years and by all measures it has finally stabilized. Gone are the days when Northern Dancer commanded a stud fee of $1 million (with no guarantee!) and even the $500,000 that Storm Cat went for during the peak of his time in the breeding shed. There is no telling if we will ever reach that height again, but a review of the current top ten stallions’ stud fees in North America reveals an upward trend.

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Topics: Opinion Piece

Horse Racing Partnerships 101: Racinos

Posted by Joe Longo - Senior LRF Blogger on Aug 1, 2016 2:26:57 PM

These days the most important color in racing is green, and I’m not talking about rolling pastures. The racing landscape has changed significantly over the last decade with the advent of the “racino” which is loosely defined as a race track that has a casino. Now more than ever race tracks are flush with cash allowing them to offer purses at levels that were unheard of previously. The old saying that goes, “All good things must come to an end” could certainly ring true with the recent events that took place in Florida several months ago. That being said, is all this new found money a good thing?

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Topics: Opinion Piece

Horse Racing Partnerships 101: Have $$ Will Travel

Posted by Joe Longo - Senior LRF Blogger on Jul 21, 2016 11:34:51 AM

Songbird, the undefeated daughter of Medaglia d’Oro and arguably the best three year old of both sexes this year, is set to leave the friendly confines of the West Coast to compete in the Coaching Club American Oaks (CCAO) on July 24th at Saratoga. In an effort to lure the star filly to the spa, the New York Racing Associated (NYRA) agreed to raise the purse of the race to $500,000 from $300,000 contingent upon her starting. Owner Rick Porter agreed to go to the race should the purse be raised, and has since committed to it with the announcement. You really can’t blame the connections for wanting more money with the lack of marquee horses in the game, but can the same be said for NYRA?

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Topics: Opinion Piece

Top 25 Things to Do in Del Mar (2016)

Posted by Gary Fenton on Jul 5, 2016 9:02:01 PM


At LRF, the three most important things are family, horse racing partnerships, and Del Mar.  Last years blog highlighted 25 great things to do in Del Mar. 25 was not enough. We're at it again. Without further adieu….  

The Top 25 Things to Do in Del Mar 2016.

1. Attend the Carma Poker Tournament - July 16th. This message sponsored by Madeline Auerbach. There is no better organization in California to place our retired horses. For a syndicate manager this allows us to sleep better at night.  Sleep is important. So, is your relationship with Madeline.  

2. Paddle Boarding. You can’t just get drunk on the Veranda all summer. Each year we try something new. Preferably in the water. Everyone raves about Fulcrum Paddle School. Wish us luck. We’re coming for you next year scuba diving.


3. The Mission Cafe. Best pancakes in San Diego. The only issue. It's not close to Del Mar. Hit it on the way to the San Diego Zoo. Or if you're visiting your college kid living on Mission Beach. Kudos to your parenting skills btw if you have a kid living on Mission Beach.

4. L'Auberge for Cocktails. People ask where to go to meet that special someone. We "hear" this is the spot. But, we're married, so we can't officially say for sure.

5. Saddle Bar for Drinks. People ask where to go meet anyone other than than that special someone. We "hear" this is the spot. But....

6. The New Children’s Museum - Downtown. This is the perfect spot - for your wife to take the kids for an afternoon while you’re at the racetrack on the Veranda with us. The kids will LOVE it. Your wife will love you for suggesting it. And you won’t care about either because you’re too busy trying to hit the exacta in the next race.

7. Handel's Ice Cream - Encinitas. Just opened and you've never tasted anything like it. You've also never seen a wait. There are more people in line than at Santa Anita on a Thursday.

8. Solo - Solana Beach. I've never walked out of this home store without buying something. The last time I purchased this Aaron Franklin gem.  He’s the best pitmaster in America. So, really you're getting two for one here. You now have a great new home store and your summer reading.


9. Del Mar BBQ Championship. Did someone say BBQ?  Sunday July 17th, the official tour, KSBS, makes a stop at our favorite racetrack. Championship BBQ and LRF running Midnight Storm in the G2 Eddie Read. When people talk about dream days… this is our version of it.

10. Take a New LRF Partner to Dinner. Guess what…That couple you always see in the paddock… they are cool, like you. Introduce yourself and remind them besides winning races lately the LRF Racing Club is also responsible for many new friendships. And tell them LRF will contribute $50 towards the meal. That’s a good deal for maybe meeting a new lifelong friend.

11. Zoomars - San Juan Capistrano.  As you can see, we’re adding kid friendly items to this years blog. Jump on the train and enjoy a fun morning at the mother of all petting zoos. Don't believe us. Ask TVG’s Christina Olivares Blacker. Or don’t, and just run into her there every time. 

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Topics: Opinion Piece

Horse Racing Partnerships 101: 2YO Racing is Safer Than You Think

Posted by Joe Longo - Senior LRF Blogger on Jul 5, 2016 8:14:41 PM

Benjamin Franklin is credited with the phrase, “In this world nothing can said to be certain, except death and taxes”. While I certainly agree with death, and taxes to an extent depending on how creative your accountant is, another certainty within the racing industry and its detractors is the safety of two-year-old racing. The topic is one that is hotly debated year after year, especially by owners in horse racing partnerships that descend upon Del Mar and Saratoga every year.  So, just how safe is two-year-old racing, and should we wait longer before our horses run?

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Topics: Opinion Piece

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Our blog aims to inform you about fractional racehorse ownership and to entertain those interested in the sport of kings.

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