Raintree partnerships are four share general partnerships. Each share represents a 22.5% interest. Raintree Thoroughbred Farm retains a 10% interest in each partnership. The initial contribution will cover the partner's interest in the horse and all training, care and maintenance for the current quarter. Beyond the initial quarter, thoroughbreds will average $40,000-50,000 per year to maintain. Each investor is responsible for their ownership pro rata share of the expenses. The need for additional capital will be reviewed on a quarterly basis in advance.
When one participates in a Raintree Thoroughbred Farm partnership, they essentially become owners. All ownership privileges will be afforded them including full access to the stable area and paddock, complimentary admission passes, and the opportunity to meet trainers and jockeys. |