Tottenwood Racing Partnerships
Why Tottenwood Thoroughbreds?
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Racing Partnerships 14 & 15
Future Race Horse Owners,
Tottenwood Thoroughbreds has changed its format with this offering by affording partners the opportunity to select ownership in either horse or take a percentage in both. Of the thirteen yearlings that went through our farm, these are the only two-year-olds that remain. Both displayed the athleticism and attitude that we like to see in young horses. They have the conformation and physical characteristics of a well-balanced prospect. For those of you who have been involved in our partnerships in the past, you can recall on a couple of occasions wherein I advised of future racing partnerships that never came to pass. I kept the interest in the horse(s) because, as the training process progressed, these horses did not meet the criteria that we believe are necessary to make them a legitimate partnership offering. We feel it is necessary to give each prospect time during the breaking process to insure they display the key ingredients it takes to make a racehorse: the head, heart, and finally - the legs. You can't put a definitive label on all three ingredients at this stage of the training process, but you can tell when their progress meets reasonable expectations. To date, both prospects have displayed very promising signs of development. They have been broken and are currently at Belterra Race Track to begin serious race training. We are offering a minimum interest of 4.75% in either horse or, if you chose, you may purchase a minimum interest in both horses at 2.375%. They are on target for a September 2015 race. We hope you will join us and become one of those rare few who own a racehorse. You could have a great ride.
This filly is extremely well made in her scope and structure with very correct legs and a muscle pattern that carries down over the hip. She is a very striking filly in every way. Her neck comes into her shoulder at the right place and she displays total balance in her conformation. She has been examined by several bloodstock agents who describe her as being physically without flaw. This is likely, from a conformation standpoint, the best horse Tottenwood Thoroughbreds has offered for partnership.
The filly is out of Majestic Warrior who was a stakes winner prior to sustaining an injury. He earned $240,000.00 winning the Grade 1 Hopeful Stakes. He is out of A.P. Indy who earned $2,900,000.00 and has sired numerous stakes winners. His dam, Dream Supreme, was a multiple stakes winner earning over $1,000,000.00 in her racing career. Majestic Warrior was the 2012 leading sire of two-year-olds and third leading freshman sire of 2012 by earnings. His leading progeny is Princess of Sylmar, the 2013 Kentucky Oaks winner. It should be noted that most of his first crop of stakes winners were fillies. The filly’s dam, Publicity Shy, has produced seven horses of racing age, six of whom raced. The filly has a five year old full brother who has earned over $50,000.00 thus far in his racing career. It should also be noted thatthe individual who broke this filly for race training made the comment that she showed more class than any other horse we have sent to him. Under her second dam, you have eight stakes horses. Everything in her pedigree indicates she should be able to get down the track.
There are no guarantees in racing and it is anything but a true science, but we believe this filly has a chance to be a "Race Horse".
This filly’s sire needs no introduction. Big Brown won the Kentucky Derby and the Preakness and was three-year-old Champion Colt of the Year. He earned $3,600,000.00 and when Miss Emmy was bred, his stud fee was $35,000.00. One of Big Brown’s most successful progeny is Dortmund, a multiple Graded Stakes winner including a third place finish in the 2015 Kentucky Derby.
Miss Emmy has produced two horses of racing age, both of whom were Maiden Special Weight winners and are still on the track, so there is room for continuing improvement. Her three-year-old colt, Savvy Joe, has won $84,000.00 to date. In addition, Miss Emmy’s half-sister, California Sunset, is the dam of V.E. DAY, 2014 winner of the Grade 1 Travers Stakes. He is still on the track, having recently finished second in a graded stakes race. Mistress Brown’s pedigree is loaded with stakes winners. If she is able to be a quality racehorse, her residual value as a broodmare prospect should be significant. Again, the individual who broke her for race training, said she displays a lot of class. Mistress Brown is very long-legged which should equate with a long stride. A longer distance may very well be her type of race. We like a whole lot about this filly and think that you will, too.
Our Game Plan:
Both Shamelessly Shy and Mistress Brown entered serious race training under the care of Susan Anderson on June 26, 2015 at Belterra Park. Susan has an impeccable knowledge of horses having worked in the thoroughbred industry since her teens. At age 20, she served as assistant trainer in Ireland at Curragh for trainer Liam Brown and in England for trainer John Hills. In 1994, she worked in Dubai as an assistant trainer for HH Sheikh Mohammed Bin Rashid Al Maktoum with over 120 horses in her care. She also worked for HH Sheikh Saced Bin Rashid Al Maktoum as the first licensed female trainer with over 60 horses in her care to include both thoroughbreds and Arabian endurance horses. Susan also rode and competed as a rider becoming one of the first female endurance riders in the Middle East. In 2000, she returned to the United States and later purchased Point Of View Farm where she opened her own public racing stable.
We have been watching Susan’s racing career for over a year and believe that she gets the most out of the horses she trains. She is willing to run horses at a number of tracks in this region and does not stay home to run. She will put horses on any track where she feels they can win. What I like most about Susan is that she is very good with young horses. She does not push them – she lets them tell her when they are ready. She is available to all partners and will be happy to show you any horse in which you have an interest.
I hope you can see from the pedigrees and the photographs, that these fillies look like race horses, have the pedigrees to be a race horses, and the attitude to compete.
Hopefully, you will join us for another trip around the track as an owner in the "Sport of Kings".
About the Partnership: $2000 Minimum
In keeping with prior partnerships, Tottenwood Thoroughbreds Partnerships 14 &15 will have a minimum share of 4.75% for $2000.00. This amount includes $1250.00 for a 4.75% interest in the horse(s) and $750.00 towards our anticipated expenses. Additional interest may be purchased in increments of 2.375%. If you chose to invest in both offerings, you may do so with a minimum interest of 2.375% in each for $1250.00. This represents $625.00 interest in each horse with $375.00 being applied to expenses. The partnership became effective April 1, 2015 and will be open until all shares are sold or the fillies are entered in their first race which is anticipated to be in September 2015. Given no catastrophic veterinary expenses, we will have sufficient capital to cover all expenses for the first 6 months of the partnership. All purse monies earned will be applied to additional training costs after September 15, 2015.
As always, we are not afraid to personally invest our own money in these partnerships and pay our proportionate share of the bills. We ask no partner to risk anything that we are not willing to risk ourselves. This insures integrity and effort throughout the life of the partnership as we try to be efficient with expenditures and the management of our assets. Just as a reminder, Tottenwood Thoroughbreds, as the managing partner, is unique among racing partnerships. We charge no management fees, but receive .25% interest from each 5% (maintenance and training fees excluded). This interest is figured into the initial syndication price of the horse and is not billed as a separate expense. This is a non-contributing interest and would be in addition to any other percentage of ownership held by Tottenwood Thoroughbreds. In other words, if the horse does not win, we don’t get paid, yet we pay our share of any additional interest owned in the horses. Tottenwood Thoroughbreds is also entitled to 5% of all earnings including claiming prices, private sale or public auction.
The partnership will maintain a liability insurance policy in the amount of $1,000,000.00 on each horse. We also will provide all partners an IRS Form K-1 by March 1 following the end of the previous tax year. We use an accelerated method of depreciation which means that your investment and expenses incurred will all be deductible for the 2015 tax year.
In the event we find the earnings of these fillies are insufficient to pay continuing costs after September 15, 2015, each partner will be assessed their proportionate share of expenses based upon their percentage of ownership. Tottenwood Thoroughbreds, Inc. reserves the right to retain any additional interest in the horse other than the 5% granted by the partners for management services.
Additional interest shall be secured and maintained according to the terms of the contract. A Lexington attorney who teaches Equine Law at the University of Kentucky prepared our contract and thus far we have had no challenges.
We welcome partners who come in as a group. If you have one or more associates who would like to participate with you and form your own investment group, we will be happy to give you some information on how this can be done without a great deal of complication.
We know that economic times are fragile but you should be able to do something for fun and potentially profitable. Besides that, it’s deductible.