FAQ |
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1. How do you decide which horses to buy? We study various horses based on pedigree, conformation, and the general appearance of the horse. If we are purchasing from an auction we closely examine how they run under tack. This process narrows down our list considerably. We then examine the asking price and decide which horse will most benefit our partners. Finally, we discuss each possible horse with our trainer and a vet to help come to our final decision. 2. How did you get started? We have all been betting the races for many years. In the fall of 2006, Ernest suggested that we try our hand at owning a racehorse. We all agreed it would be fun, exciting, and profitable. 3. Why bring on partners? After months of research, it was concluded that daily upkeep and training was rather expensive, so partnerships seemed to be the way to go. We thought that perhaps there were more people like us who wanted to try owning a racehorse but didn't have an extra $40,000 per year on training and upkeep. 4. Do you charge a management fee? No. We retain a small percentage of the purses won by the horse. This ensures to our client that all decisions will be made with the goal of winning. 5. How are purses distributed? Profits will be distributed quarterly. 6. Are the horses insured? CGT does not carry insurance on the horses. Insurance may be purchased for individual shares. 7. What level of horses do you offer? Currently, we are focused on higher allowance and stakes caliber horses, however lower caliber horses can be purchased if there are enough interested parties. |