Getting Started

I’m going to start off writing about different aspects of horse ownership for those that are just starting out in the business, or are thinking about getting involved. There’s a lot to it but one of the biggest things to remember is that this is a business so you need to treat it as such. I’m not saying to avoid getting too attached to your horses, because goodness knows in my home we’re all about spoiling them, but what I am saying is to research and go into this with some sort of plan. You need to budget for yourself and find out what the rules and requirements are for your area. You’re your best advocate. Don’t trust anybody else to be watching out for your best interest except yourself. This can be a very cutthroat business at times and it has driven away many a new owner. Go into this deal knowing that. If you can get past that then know that this is one of the oldest and greatest sports you could ever get involved in. People have compared this to being like an addict, the more you get the more you want. Instead of sitting on the couch and talking about “my team did this..” you are the owner of your team!
So you want to own a racehorse? Well there are some things you need to think about before you go out there and try to buy your Seabiscuit or Secretariat. You need to think about; location, what you can afford, are you going to own your horse 100% or in a partnership, taxes and even try to look down the road to when your horse no longer can race.