FAQ
Q: If I own only 2% of the Racehorse Offering, can I still go see the horse train?
A: Yes. Any owner can see the racehorse with a visitor’s pass for the day. Also, even the smallest % owner can get a full owner’s license and have all the privileges as any other owner eliminating the need for a pass. Either way, you can see your horse. It’s part of the experience of being an owner.
Q: Can I bring friends or family to watch the horse train?
A: Yes.
Q: When will the horse be ready to run?
A: Our plan is to have the racehorse ready to run as a 2 year old next year. Having
the horse run at Saratoga Racetrack in 2010 is one of the main goals. There is a lot of high quality precocity in it’s pedigree so it is entirely possible we can do this.
Q: Who will make decisions regarding this horse?
A: James R. McGlinn will make the ultimate decisions regarding this racehorse.
These decisions will be based on ongoing consultation with the trainer, veterinarians, riders, etc. The trainer, Michael Miceli, will have the biggest say in the day to day aspects of this racehorse.
Q: How will I keep up with what the horse is doing?
A: The General Partner will keep you updated primarily through email. Training progress, race dates and other pertinent information will be sent to you. He will also help educate those who need it on various aspects of horseracing. Terms such as Maiden Special Weight, Allowances, and Claiming races will be explained.
Q: If and when my horse wins money, how long does it take to get my share?
A: Distributions will be done on a quarterly basis. If there is a big payout due, we may be excited enough to send out the distribution earlier.
Q: How is the partnership set up?
A: As a Limited Liability Company, a LLC
Q: Will I receive any tax related material from you?
A: You will receive a K-1 statement before March 15 of each year.
Q: Will I be able to be in the Winner’s Circle if the horse wins?
A: Yes, yes, yes.
