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Winners Circle Partners
Thoroughbred Racing Partnerships

 

Q & A

The following is a list of questions most frequently asked by prospective Partners:

Q:
Is Winners Circle Partners a registered business?
A:
Yes. Winners Circle Partners is a registered LLC in the State of Maryland and each Partnership is registered as a separate LLC.
Q:
How and when is a Partnership formed by Winners Circle Partners?
A:
A Partnership is formed when a specific number of interested parties have reviewed and completed a Partnership agreement. For example, a 10-unit Partnership will be formed when all units have been allocated, either to 10 individuals or fewer individuals that have chosen to obtain multiple units.
Q:
How are claiming thoroughbreds or yearlings selected by Winners Circle Partners?
A:
An extensive amount of research is performed before selecting any thoroughbred race horse. Research includes reviewing past racing performances, examining bloodlines (breeding), visual review during workouts or races and gathering any other information that can help make the right decision. This process is completed by the Manager and a Trainer prior to making the final decision.
Q:
What input do Partners have in decisions made on behalf of the Partnership?
A:
Input is welcome and encouraged from Partners and the goal is to keep the lines of communication open at all times. The Manager reserves the right to make final decisions on all racing matters but works with Partners during the process. Capital distributions, sale of a horse and other topics not directly related to daily racing operations are decided based on majority vote of the Partners.
Q:
How many times a year can I expect a thoroughbred to race?
A:
A healthy thoroughbred race horse will run every 3-4 weeks and as many as 12-16 times per year.
Q:
How are Partners notified of important events such as upcoming races, results, etc.?
A:
Partners are notified in several ways including email and Partner website updates. Partners also receive information on available tools that enable automatic notification of workouts, races entries and results.
Q:
Does the purse money earned by a thoroughbred usually exceed expenses?
A:
This is certainly the goal of Partnerships but cannot be guaranteed.
Q:
Are there tax advantages for Partners?
A:
Yes, but the tax code is constantly changing so you should discuss specific advantages with your accountant.
Q:
Do Partners need to be licensed owners?
A:
Yes. Licenses must be obtained directly from the State(s) a thoroughbred will run in (typically MD, DE, PA, VA and WV). Rates vary between States and the Manager will assist Partners with the licensing process for all required States.

For more information, please contact Winners Circle Partners