If a horse continues to finish last, and is otherwise healthy, the change in races entered may be the answer. These decisions are made in the best interest of the horses physical and mental health. When it becomes difficult for the horses to be competitive in these overnight classes they enter the claiming ranks which also start with conditions. Again, this helps to normalize the field as the three year olds are more mature and perhaps more experienced. For example, a two year old will be allowed a higher threshold of lifetime earnings than a three year old. To add a little complication to the process, there are allowances determined by age. This helps to normalize the horses racing as those entered must fit the classes. WILL OUR HORSES EVER BE ENTERED TO RACE IN CLAIMING RACES?Īs horses begin their career, it is easy to find an overnight class for them as they race in the "Non Winners of $5,000 Lifetime" as an example which is considered the condition for the race.Īs the horses earn purse money, they "move up in class" eg. All stake fees are included in the model and are not additional costs during the first year as provided in the model.ĭOES THE TRAINER OWN ANY INTERESTS IN THE HORSES HE TRAINS? There are several late closing stake races in the fall at several tracks and if the horses fit those conditions they will be entered into those as well. If the horses show potential or the right breeding / conformation they will be paid into the stake races for their age. The yearlings are all paid into the Ontario Sires Stakes program. WILL THE HORSES BE PAID INTO STAKE RACES? Horse will be raced at the track that best suits the class they can be entered in. Horses leave from the starting gate at Clinton Raceway, established in 1970 it has been a top destination for standardbred racing in Ontario in the summer months with a pool, recreation area and casino as well as weekly chartiable and community related barbeques and fund raisers
THE BLACK BOOK HORSE SALE FULL
This will be readily apparent on a monthly basis as a full accounting of the funds available will be provided to the group. The budget is very conservative, however, if there is a need for additional funding, it will be communicated to the group well in advance.
The funding pool will be reviewed to determine what combination of purchase price, number of horses and percentage of ownership would likely achieve this goal. WHAT IF FUNDS ARE NOT SUFFICIENT TO COVER ALL COSTS TO THE END OF THE NEXT CALENDAR YEAR?Ī budget has been established with a variety of scenarios as they related to the number of yearlings, racehorses and percentage ownership. We want to provide complete transparency and updated information. A monthly account of the purses won and costs incurred that month and year to date are maintained and available upon request. The intent is to coordinate group social events in the form of farm visits, nights at the track and other special events for those who enjoy the social aspect of a group and / or would like to learn more about the horse, industry and one another.Īs noted above, the intention is to obtain initial funding to cover all costs until December of the 2 year old year of the horses.and follow the history of their career all on one page. Each horse will be provided their own page where you can view all pertinent information, photographs etc. Reular feedback will be communicated via email, social media and this website to unitholders.To date, there have not been any funding requests for OAS2020, 2021 or 2022. If required, a quarterly instalment would be requested to fund the training of the horses should the initial pool of funds be expended. The model was also structured to cover the monthly training costs for all horses in the group until the end of their 2 year old year.Funding is expected to be in place October 1st prior to the first yearling sale in Ontario.The number of horses we obtain and the percentage of each the group will own depends on the funds contributed. The model of this fractional ownership group was designed such that funds would be used to acquire an ownership interest in 3-5 yearlings.Your initial contribution will be pooled with that of other unit holders.There a several quantitative and qualitative answers to this question. WHAT DO I RECEIVE IN EXCHANGE FOR MY CONTRIBUTION? Units are available for $500 each with an initial minimum investment of $2,500.
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