Q:

Where can you buy thoroughbred race horses?

A:

Quick Answer

Thoroughbred race horses can be purchased through online sources, such as the Racehorse Stock or Bloodhorse websites, and partner ownerships are also a popular way to participate in owning a race horse, according to Forbes Magazine. Partnership investing provides ownership experience, excitement and the potential benefits of owning a race horse with less financial and management obligation.

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Full Answer

The Racehorse Owners' Association is a good resource when considering the purchase of a thoroughbred race horse. The ROA website provides resources for owners, has downloadable handbooks and information on membership, insurance, types of ownership and training. Websites that specialize in the sale of race horses, like Bloodhorse, offer buyers information regarding upcoming and previous sales as well as resources for horse history and bloodlines.

Owning a partnership is another option for potential buyers. A partnership is usually run by a management firm and entitles a share in the ownership, profits and losses of the race horse. An investment can range from 3 to 5 years. The cost is an upfront investment percentage and expenses are divided among partners, usually quarterly, to cover feed, stables, training, insurance and transportation. The Crocker Racing Stable website provides partnership investment owning options. Partnerships reduce the cost and risk while allowing investors to own multiple horses at a fraction of the price.

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