RACING VENTURE FUNDING
CLICK HERE FOR 2014 FUNDING
2013
GOAL 150,000
SHARES 30
MORE THAN ONE SHARE MAY BE PURCHASED/SHARE MAY BE DIVIDED PRIVATELY
PRICE 5000 PER SHARE
EXPENSES 2013-2014
YEARLING 35000-50000
EXPENSES AT SALE 3500-5000
COMMISSION 5% 3500-5000
SHIPPING PURCHASE 1000-1200
TRAINING CAMDEN 20000-24000
8 MONTHS
SHIPPING 1000-1200
TRAINING RACETRACK 16000-20000
4 MONTHS
ADMINISTRATIVE 4800
[office and communication]
LEGAL 2500
[equine lawyer to write contract]
ACCOUNTING 3000
[tax returns]
INSURANCE 1750-2200
[3% of purchase price plus 700 liability-possible lower quotes
TRAVEL 6000
[manager to observe horse]
MEDIA/EVENTS 4800
[meetings and group gatherings and possible video story]
TOTAL 102,850 to 129,700
STRATEGY IS TO HAVE A 20000 CUSHION AT ALL TIMES TO COVER UNFORSEEN EXPENSES SUCH AS VETERINARY ISSUE. ADDITIONAL MONIES NOT ITEMIZED WILL BE DISTRIBUTED AMONG EXISTING CATEGORIES AS REAL COSTS ARE DETERMINED. FUNDS CAN ALSO BE ALLOTTED TO NEW CATEGORIES NOT RECOGNIZED IN INITIAL ANALYSIS.
NO BILLS FIRST YEAR
AUGUST-SEPTEMBER 2014 THRU ?
ASSUMING THE HORSE REMAINS AT RACETRACK THE QUARTERLY EXPENSES WILL BE 12000 TO 15000 WHICH WILL BE A 400 TO 500 CHARGE PER SHARE PER QUARTER. ANY MONEY LEFT OVER FROM INITIAL OFFERING CAN BE USED FOR THESE EXPENSES. ANY EARNINGS WILL BE DISTIBUTED TO SHAREHOLDERS AS SOON AS PROCEEDS ARE AVAILABLE. MANAGING PARTNER RECEIVES 5% OF EARNINGS.
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RACING VENTURE TIMETABLE
CLICK HERE FOR 2014 TIMETABLE
2013 TIMETABE
May-June
Syndication formed
Money paid
Account opened
July-August
Education opportunities
For example: July sale
September-October
Purchase yearling- 3 possible venues
Keeneland September Lexington Kentucky
Fasig tipton October Maryland or Lexington
September-October thru April-May 2014
Train in Camden at Donna Freyer’s Custom Care Equine
June-July thru September
Move to trainer at racetrack on east coast
Race at least once before one year anniversary of syndicate
Evaluation of horses’s potential
October thru December
Racehorse continues to pursue career at the racetrack
2015
3 year old campaign continues
Constant reevaluation at every stage of horse’s career
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