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Owning a race horse is a bit like owning a yacht or a sail boat. It requires an initial investment and then it takes further on-going expenses to maintain that purchase, but that is where the similarities end. Owning a thoroughbred and cheering for your horse as he runs down the home stretch during a race is one of the most thrilling moments possible for the owner of a race horse. If your horse wins, the incomperable thrill can last for days. You can return to the stable, listen to the sound of your athlete horse as he "cools-out" following his race, and watch as his groom bathes and pampers your horse. Pat your horse on the head and feed him a treat to reward his victory, or offer encouragement for another day. Getting Started The first thing to do is establish your goals or reasons for being an owner, and set a budget. Although your horse may earn purses through racing, you should plan for the worst case scenario and not depend upon purse earnings to finance your horse. Plan approximately $23,000 to $26,000 annually to keep a horse in training, plus the initial purchase price. You can become involved as an owner through purchasing at auction, claiming an existing racehorse, or through a private sale. Each method holds pros and cons, which are outlined in our Guide to Ownership. We are experienced in all aspects of the horse industry including bloodstock evaluations, purchasing at auction, breeding and training. We can advise what method would best suit your needs. Finally, you should read as much as you can about the industry. We welcome all inquiries and encourage clients to be as informed about horses and racing as possible. Some recommended publications to subscribe include; The Blood-Horse, (859) 278-2361, the Thoroughbred Times (859) 223-9800, the Canadian Thoroughbred (905) 727-0107, and the Daily Racing Form (416) 798-1911. Most of these companies have on-line websites as well. [home] [profile] [woodbine] [ownership] [contact us] [news] [links]
Copyright © 1997-2005, Reade Baker
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