- We Help Equine Businesses
Al Hathal Yassen Al Khashman
Al Hathal Yassen Al Khashman - Jordan
The risks associated with thoroughbred horses are financial in nature. The stark reality of thoroughbred racing is that it is an expensive past time. It is no coincidence that this is the Sport of Kings.
Racing! One of the reasons that partnerships are formed are to spread out this financial liability. A horse in training in Kentucky will average $2,500 to $3,000 per month in expenses. If no purse money is won by that horse, then the partners have to raise additional capital to pay bills. A good rule of thumb is to estimate that each 5% of a horse that you own has the potential to cost $150 each month. There ways around this:
Claim horses that win races
During the initial offering, collect an amount to cover expenses for a few months
Have horses that frequently hit the board and earn checks
The risks associated with thoroughbred horses are financial in nature. The stark reality of thoroughbred racing is that it is an expensive past time. It is no coincidence that this is the Sport of Kings.
Racing! One of the reasons that partnerships are formed are to spread out this financial liability. A horse in training in Kentucky will average $2,500 to $3,000 per month in expenses. If no purse money is won by that horse, then the partners have to raise additional capital to pay bills. A good rule of thumb is to estimate that each 5% of a horse that you own has the potential to cost $150 each month. There ways around this:
Claim horses that win races
During the initial offering, collect an amount to cover expenses for a few months
Have horses that frequently hit the board and earn checks
