Racing Clubs and Partnerships - Own fractional shares of a racehorse.
your chance to experience the thrill of horse racing from a different
perspective. By joining a racing club or horse racing partnership,
horse ownership can become an affordable dream. Our horsehats racing
partnerships are usually priced at $200-$1000 and are designed to introduce
racing fans to horse ownership in a cost effective manner. The cost
of membership includes all training and vet fees for our share of the
horse. Our current club is sold out, but please join the waiting list
to be notified of the next racing club. Clubs typically sell out fast
(2-3 days), so make sure to sign up to be notified. The FAQ below will
address other details of the horse racing clubs.
|Excommunicate - 10% ownership
||Horse claimed, club disbanded
Lap - 5% ownership
||Sold Privately, club
||3 yr. old gelding in
training with Ken Spraggins at Arlington Park
Star - 10% ownership
||March 21, 2004 - June
1, 2007. Rest In Peace Magic.
Maker Filly - 11% ownership
||In training at Lynwood
Farm, Ocala FL.
Racing Venture - 1 Share
||Check webpage for details
of the horse will I own?
The HorseHats Racing Club will own from 5-25% of each horse we are involved
in. Legal Ownership and racing registration of the Club's horses are determined
by the HorseHats Racing Club’s management, the horse will be registered
to HorseHats Racing Club. Your ownership share is an agreement with HorseHats
Racing Club. HorseHats Racing Club members have no legal title to the business's
my obligations as a Club Member?
1. You declare that your main interest in being a Club member is the enjoyment
of horse racing and is in no way based on expected financial returns.
2. You accept that free race day privileges are limited in number and may not
necessarily be allocated to you.
3. You agree not to initiate communication with the horse's trainer or majority
owner, all communications should go through HorseHats Racing Club.
4. You understand and acknowledge that horse ownership is a financially risky
proposition, and that you can comfortably afford to potentially lose all money
associated with club membership.
5. You acknowledge that you will have no say in the training of the horse or
the races entered. All decisions related to the management of the horse will
be made by the majority owners. In the event that HHRC's ownership has a say
in the management of the horse, all members will be polled and we will vote
as one unit.
Who is the
majority owner of each horse and how are they selected?
HorseHats Racing Club takes a minority interest in a horse that
has been selected by some of the most experienced and knowledgeable people
in the horse industry. When the horsehats racing club is invited
to join in ownership of a horse we evaluate the horse based on racing/breeding
potential and the financial commitment that we will have to make. Each
opportunity is different and all ownership and selection details are
made available to club members at the start of each new club.
where will the horses run?
Some clubs begin with a horse who is ready to run, others start
with yearlings that need to be trained for several months prior to racing. There
is no way to know when and where the horses will run until they have
been evaluated by the trainers who will determine the best spot for them. Past
club horses have run at Keeneland, Churchill Downs, Saratoga, Ellis Park,
Kentucky Downs, and Lone Star Park. Club members are kept informed of
the progress of each club's horse and are notified as soon as possible
about racing and training plans for each horse.
Will I earn money if the horse wins?
Yes, purses (if any) will be distributed quarterly to the Club members. For
example, with Fittipaldi, a horse in which the club has a 15% stake, The HorseHats
Racing Club will receive 15% of the purses that Fittipaldi wins after the Trainer
and Jockey have received payment. As an example, if Fittipaldi were to win,
the trainer would receive 10% of the purse, the Jockey 10%, and the HorseHats
Racing Club would receive 15% of the remaining money.
Can I buy
more than one membership?
Yes, you can. There are usually 100 member slots, some people may decide to
purchase multiple slots in the club.
Is the Horse
The Horse will be insured, and the Club will pay the insurance premiums out
of the money set aside for training expenses.
if the horse is sold ?
The HorseHats Racing club would receive the same percentage of the sale price
as we own in the horse. If we owned 10% of a horse we would receive 10% of
the sales price and that money would be returned to its Club members. Again,
we must stress that horse ownership is financially risky and there are no guarantees
or promises made or implied that the Horsehats Racing Club will profit from
owning a percentage of any horse.
training and insurance expenses?
Included in the club membership is approximately one years worth of training
and insurance expenses. If the horse is still in training after that date,
the club will be required to contribute more towards training and insurance
expenses. Each club member will be required to pay additional money to cover
these costs should they occur.
Do I get
free admission to the racetrack when the horses run?
No. However, the HorseHats Racing Club will allow up to 10 people access to
the paddock prior to the race, and of course all are welcome in the win pictures!
Certain racetracks may restrict the number allowed in the paddock prior to
is this from a financial standpoint?
This is an extremely risky proposition. There is no guarantee
that any horsehats racing club horse will make it to the races, and if
they do, there is no guarantee that they will be talented enough to win.
It is possible that the HHRC will lose all money invested in this horse.