Members of Hibiscus Stables racehorse partnerships can earn money two ways. First, the partnership earns a percentage of the purse when the horses finish in one of the top five in a race. Listed below is an estimated breakdown of the purse money for a $42,000 race. Second, the partnership may make additional money if we were to sell a horse privately.
| Purse Breakdown | $ 42,000 |
|---|---|
| 1st Place (60%) | $ 25,200 |
| 2nd Place (20%) | $ 8,400 |
| 3rd Place (10%) | $ 4,200 |
| 4th Place (5%) | $ 2,100 |
| 5th Place (3%) | $ 1,260 |
| Others (2%) | $ 840 |
| Race Financial Distribution |
|---|
| Jockey Fee (10%) |
| Trainer Fee (10%) |
| Management Fee (10%) |
| Gate Fee (2.5%) |
| Barn Fee (3%) |
| Partnership (65.5%) |
If the horse is purchased as a two-year-old it is possible that it might see its first race within 4-5 months. In some cases it may take longer to bring the horse along. We can’t guarantee how quickly a horse will be ready to race. Our plan is to select horses and a training approach geared toward quick results. We understand that the sooner a horse gets to the races the sooner it has an opportunity to produce earnings.
Our stable is based in New York and California. Our horses will primarily run on the New York and Southern Califoania circuits. If we have potential investors who are located in other areas of the country we will assemble a partnership and acquire horses to run on their local circuit. We have relationships with trainers at many major tracks and running horses outside New York will not be an issue.
Hibiscus Stables prides itself on our communication with our partners. Our website is updated daily whenever there is something pertinent to report. You will also receive e-mail notices for every horse’s activity. You’re a partner and keeping you in the loop is a primary responsibility.
Absolutely! As a matter of fact, we encourage it. The Hibiscus philosophy is “the more the merrier.” Everyone is welcome at the Hibiscus table in the clubhouse. Just make sure you have a comb in case you get your picture taken!
Typically our trainers will make racing decisions. Our trainers are experts at their job and have the best knowledge regarding when and where to run their horses. Of course, the Hibiscus managing partners will have constant contact with the trainers and have input in all racing decisions.
You will be treated like a partner and will be given the opportunity to take stable tours, speak with the trainers and jockeys, etc. You will be welcome at the Hibiscus table in the clubhouse and will have full access to the paddock before any race. Of course, you’ll also have full access to the winner’s circle should your horse win and you’ll be part of the win photo.
Training and other expenses will be billed in advance quarterly. The ultimate goal in any partnership is that the horse, once it arrives at the track, will eventually pay for itself. Any purse earnings will be used to offset future expenses. In the event that purse earnings exceed expected next quarter expenses, a distribution will be sent to the partners.
See above.
Most races are free to enter. There is a jockey fee which can vary from track to track and a pony to post $25. Stakes races sometimes have an entry fee.
You’ll receive a quarterly financial statement and an invoice if retained purse money is not expected to cover the next quarter’s expenses. Before March 15 of any calendar year you will receive a K-1 statement for your tax return.
Go to “Contact Us” on the website and e-mail or call us. We will review any questions and discuss the process with you. We’re happy to have you aboard as part of the team.