When I first posted this blog, in 2006, it had not attracted any outside comments but I did receive several emails from people who said they want to own racehorses and they have so many questions. So after answering a bunch of these emails I decided I should post these questions and answers in the blog. So that's what you will see here. Please feel free to jump in and correct my answers or add your own views on the subjects discussed.
? I am writing to you in hopes of finding someone who can work with me on my road to becoming an owner of a quality throughbred race horse. It appears to me that trying to get information about who can supply a solid race horse along with trainer and other information is kept out of general public's grasp I am interested in finding out more and hope that it leads to ownership with a team of needed people ( trainers, jockey, etc ) in my corner.
- If you'd like me to recommend some other advisors or trainers, I'd be happy to suggest some that I know are honest, ethical, knowledgable horsemen. A half and half partnership with a good trainer as part owner or with a couple of that trainer's other owners who will educate you along the way would be a good option.
It is not a good idea to try to buy or claim a horse on your own, a trainer's help and recommendation is essential, and it has to be a trainer who has a good reputation for honesty, integrity, and horsemanship. Your first step is really to find a trainer who you can get along with and trust. The thing to do is to ask the racing office to give your name and number to the trainers you want to talk to so they can choose whether to call you back.
Most owners don't get to see their horses in person very often, maybe just the occasional Saturday morning during training, and of course on race day. To keep up with their horses, owners get regular email or phone updates from the trainer, you would let the trainer know how often you would expect an update - the regularity of updates from the trainer is one thing to make sure you and the trainer agree on before you pick a trainer.
Jere will be keen to offer training services when we get back to the states, but for now we're in Saudi Arabia at least through March 2009. We would also be available to help you pick a horse to buy privately or to claim when we get back in town, but for now it would be best to pick a trainer first, make sure you see eye to eye and that trainer is willing to educate you, and work with your trainer to pick out a horse.
Whether you do a partnership or not really depends on your budget. Plan on $15,000-$30,000/year for expenses related to owning a horse by yourself, in addition to the initial purchase price (upkeep often costs more than the horse itself). Splitting the costs between partners lessens the risk of the investment.