Tottenwood Racing Partnerships
Why Tottenwood Thoroughbreds? Click here for more information. |
Racing Partnership 12
Introducing
NO NO NONA
About the Filly
Her sire, Soto, is by Champion Dehere representing the powerful Deputy Minister sire line which equates to both speed and stamina. In 2003, Soto was called the fastest 3 year old in America by the Racing Form. He won his first five starts at ages 2 and 3 with Graded Stakes wins in both years. He ran triple digit Beyers of 106, 109, and 114 at three different tracks. His wins came at distances of 6 furlongs to 1-1/8 miles including a National Track Record. Unfortunately, an injury ended his career after only six starts and earnings of $666,144. Soto is a physically imposing individual standing 16.3 hands. His physical conformation is what prompted me to breed the mare, Polish Humor, to him. All of her foals except one were winners, and her first foal, Acquiescent, had tremendous speed even after a career-altering throat injury. Acquiescent was trained by Tom Amos and was thought to be of stakes quality. In her first race, she was nosed out by an Unbridled Song filly that had four starts and, just two races later, was Grade 2 placed. We learned after the race that Acquiescent had injured her throat and surgery would not likely restore her to form. In spite of the fact that the vet believed she would never race again, she won four.
The thought was to breed Polish Humor to more stamina and hold the element of speed. Soto could possibly do that. You never know in this business, but I think if you look at the front cover and other enclosed photos, you can see that the genes are predominant. We were trying to get another Acquiescent and we think that, in Nona, we may have one in that league.
No No Nona is the biggest foal of Polish Humor, including colts, and the most physically imposing. She is perfectly balanced and striking in appearance.
Nona has been in training since April 2011 and has not missed a beat in her development. Her trainer, Brian Waltz, has been impressed enough that he recently took 25% interest in her. She is ready for her first work in a few days and, if all goes well, will race in about sixty days - perhaps at Churchill Downs. She is domiciled at Turfway Park and is available for inspection by all interested parties. In fact, I would encourage any potential partner to take the opportunity see Nona. I know you don’t win races on looks but, if that were the case, she would rarely lose.
About the Partnership
Our Partnerships are constructed in such a manner that anyone interested in being a thoroughbred owner can participate. You don’t have to be a millionaire to have a good horse and enjoy this game for what it represents. For example, in 2003 there were 27 yearlings sold in the United States for one million dollars or more. In 2005, when they were 3 years old, not a single one got a cloth in the Triple Crown races. Yes, that is correct. Not one was good enough to run.
At Tottenwood, we set up partnerships that are unique from the many conventional partnerships available in the market today. We encourage anyone to check them out and compare. We are unique for the following reasons:
Most of our horses are modestly priced in order that anyone with a job and a flare for excitement can be involved.
There are no management fees. Tottenwood Thoroughbreds, Inc., is the managing partner and is entitled to a 5% non-contributing interest of all winnings and sale prices, including claims. We don’t have any add-ons such as phone bills, mileage per diem for travel to the track, or for consulting with the trainer, jockeys’ agents, etc. It is very simple. If the horse wins money, we get 5%. If not, we get nothing.
We allow partnerships within the partnership. If you have several friends or associates who want to go together to buy a minimum share, that is commonly done. For a few hundred dollars, a group can own a significant percentage and have very little invested.
The minimum investment is 5%, is secured by contract, and includes six months training cost. We try to avoid monthly billing and operate on the premise that the horse will be good enough to earn its way. This filly should get five races in her before the initial setup cost is exhausted.
We do not extend a horse’s racing career just to generate expenses for which most managers get revenue. Historically, Totttenwood owns the majority interest in the horse. We will not expend your assets at the expense of our own. If a horse has to drop to the $5000 claiming level to win, it’s time to get another prospect.
A 5% interest in this filly is $1500. That equates to $750 for the horse and $750 for anticipated training expenses.
The partnership began on September 1, 2011. A partner may elect to pay $750 now with the balance due on or before 12-31-2011.
Our contract places every partner in a position to be active in terms of IRS requirements. Contracts will be provided upon request.
The filly will be placed on accelerated depreciation and the cost will be fully depreciated at the close of the 2012 tax year. Expenses are deductible as incurred. Tottenwood Thoroughbreds will provide all partners with an IRS Form 1065 no later than March 1st of each calendar year.
Tottenwood Thoroughbreds insures each horse for liability at $1,000,000. The cost of tax preparation and liability insurance is prorated on the basis of each partner’s interest. The total cost for both is about $600. That equates to $30 per 5% interest.
Tottenwood Thoroughbreds continues to be unique in that we actually have a farm. We are not just an office, e-mail, or phone call. We encourage all partners to visit, see the broodmares, their babies, yearlings, and 2 year old prospects. You are welcome to bring your families to see everything that is involved in the business. While our partners are certainly business associates, many of them have become friends. We are located five miles from Turfway Park and seven miles from the Greater Cincinnati Airport. We are very accessible and will continue to be so to all partners.
The Trainers
No No Nona is being trained by Brian and Lorina Waltz. They both come from an extensive training and riding background. Brian started riding race horses when he was 14 years old and actually got his trainers license when he was 19. He has worked with some of the best including Bill Mott and H. James Bond. Lorina was born in Sweden and was a jockey on the North European circuit during the early part of her career. She went to England at age 18 and worked there exercising horses for eight years. She worked for the Sheik’s trainer in Dubai for one year before coming to the United States where she worked for such notables as Niall O’Callahan and Eddie Kenneally. Brian and Lorina continue to break young horses for Eddie Kenneally.
I think their vast experience brings a great deal to the partnership. Brian is very patient with young horses, brings them along slowly, and places them in races they can win. I have seen too many young horses whose career has been altered or ended prematurely due to a lack of patience.
Another important element that both Brian and Lorina bring to the table is that they ride all their horses in the morning. They don’t have to rely on someone else to tell them what the horse feels like under saddle, because they know themselves. Another extra asset they bring to the table: both have a great deal of integrity and always make themselves available to owners to answer questions and explain their strategies.
At Tottenwood, we feel we have all the elements in place to have a great partnership. A filly who has potential, trainers who are hands-on, and, hopefully, a group of great owners.
