How to become an owner in Goodwood Racing
Goodwood Racing, LLC sells a percentage interest in each thoroughbred partnership with the minimum buy at 10% (ten percent) for yearlings; the initial investment covers the purchase price of the three (3) horses for Goodwood IX for $150,000. You will be responsible for your share of expenses moving forward including but not limited to – training, veterinarian supplies and fees, vanning, blacksmith, legal fees and tax preparation.
The monthly costs will vary depending if the horses are training at the track or resting on the farm. Unanticipated veterinary costs can also increase monthly costs. The costs, assuming the three (3) horses are in training at the track, are estimated at $7,500 to $10,000, or $750 to $1,000 per month for a 10% (ten percent) interest of three (3) horses or $500 to $600 per month for a 10% (ten percent) interest of two horses. Goodwood Racing does not charge any management fees or nor will there ever be any mark-up on expenses.
There are multiple ways to earn a return on your investment in addition to the thrill of participating at the highest level of racing. The first way is through purse earnings. Owners of a horse earning a purse will receive a disbursement check within 10 business days. The second way is through the revenues earned if the horse is sold. The horse may be sold for racing or breeding. For instance, if a mare has been successful on the track, having won a stakes race or, even better, a graded stakes race, her value will increase dramatically as a breeding prospect and may be sold by the partnership. Horse racing can be expensive, and you may not recover all the money you have invested. You should not invest solely to earn a profit, because there are no guarantees of financial success. Having said that, with risk there can be enormous rewards. Goodwood Racing is dedicated to maximizing our partners’ chances of success.
Goodwood Racing IX, LLC is currently offering 10% interests for $15,000 – this price includes the purchase of three (3) yearlings at the 2017 Keeneland September sale.
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View our sample contract by clicking here