Here is how it works...

Requirements

The partners invest initial capital, based on the price of the horse and percentage of ownership. The money is used to claim a horse that has been carefully chosen for the program. The initial investment will cover the cost of the claim (plus state tax), the first 30 days of training and other expenses.

Our Objective

Our objective is to claim a horse at a valued price, earn money and sell as quick as possible. The value is determined by the ratio of purse money to the claim price as well as the horse's ability to earn. We target horses who may have been mismanaged or improperly trained by the previous trainer. The horse will be entered in races where he has proven to run consistently well or where he may be claimed from the partners. In many cases, the horse may be improved on. Our strategies require the horse to be claimed from the partners as soon as possible. We typically only giving the horses a few races to prove their value. If he earns money and is claimed, then we have been successful. Breaking even in this business is considered good, but we want to be extraordinary. This program minimizes potential loss by creating a short term commitment. There is always an inherit risk in thoroughbred horse racing. Animals are unpredictable as well as the circumstances of every race. Go in with reasonable expectation and you will have fun. You no longer have to be a king to play the sport of kings.

Get in and Get out!

If the trainer determines the horse's value has depreciated or it's potential to earn had declined and continuing would be at a high risk of loss or continued loss, the horse will be sold for best offer. The goal is to have the horse claimed from the partnership as soon as possible to return the initial investment and keep the prize money for that race. A partner may choose to purchase this horse as a sole owner or join others in a Class A partnership. The new owner(s) will be responsible for all monthly cost including vet and other expenses. To learn more about these expenses, Click here. In the chart below, you can see that if the horse places 5th or better, the partners could make money and we have been successful.

Cashing In

After the sale or claim of the horse, the amount in which the horse was sold or claimed for, in addition to all net earnings will be divided among partners according to their part of ownership. If the horse fails to earn or loses money, the partners are not responsible for any losses or excess cost. If horse was sold or claimed within 30 days, then all money held in escrow for monthly expenses will be divided back to the partners.

After the initial 30 days, there is an option to continue for an additional 30 days. This cost for the additional 30 days will be significantly lower because you have already purchased the horse with your initial investment. There is absolutely no obligation to continue the program whether the horse is making money or not. If partner or partners choose not to continue the program after 30 days or after early sale/claim of the horse, he or she is release from all financial obligations and any outstanding funds will be returned. Partners may buy from and sell shares to each other or sell their share to a new partner.

Why This Works

The program works better than others because the risk is greatly reduced by a short term commitment. Specific goals and calculated decisions are based on realistic expectations and strategy.

Other partnership programs want you to invest thousands to buy a piece of a yearling or two year old. These programs are very risky and don't give you the facts. Did you know that one third of all thoroughbred foals bred for racing never start. More than half of those that make to the track, never win a single race. Let the kings and insiders play that game. Breeders breed and don't race for good reason. They are taking risk out of the equation by selling an unproven horse to an owner with big dreams of winning the derby. The Commercial Breeders get the young horses to the sales and cash in early.

Crocker Thoroughbred Horse Racing Partnerships claim proven horses that have earned and will continue to earn. Un-raced horses are just a huge gamble for everyone. It can pay off big or you can lose your shirt. We implement strategy, not hopes and dreams.

The horse will be claimed or purchased plus 6% state tax*. The remaining $2,000 covers all the training bills for the first 30 days of training. This includes but is not limited to the following: Transportation, feeding, exercise, supplements, starter fees, and pony fees. Vet bills are NOT included and will be billed to individual partners, based on their share, by the veterinarian's office. An owner must obtain a license which is required by the racing commission for tax filing purposes. There are no special requirements to get licensed. Anyone who has a name can get one. Owners do not need to be present to be licensed, but must have access to fax machine to fill out a W-9 form. Owners are responsible for this fee. After the initial 30 days, to continue the partnership, further training will require the your share of $2,000 for the next 30 days of expenses. If a partner chooses not to continue, then he must sell or give away his share.

*Maryland increased it's sales tax on horse sales (claims) from 5% to 6% in 2008. Training fees have increased slightly as well for 2008 because of rising cost. Figures above may not reflect this change.

** Crocker Racing Stable Inc. and it's affiliates are not responsible for errors or outdated information.

For information on how you can become involved as a thoroughbred race horse owner, email Chris@CrockerRacingStable.com or use form provided below:

• What does it all cost
• Know the risks
• Class A Partnerships
• Ownership Facts
• Racing Terms