Partnerships
Mutual Fund Partnership:
The niche offering which Final Furlong attempts to assemble each year is what we call a mutual fund partnership. A mutual fund partnership offers partners ownership in at least two horses. The stable normally owns 25-50% of each horse in the offering and pre-structures the remaining ownership in the horse to other stables, partnerships and owners. Capital is raised during the horses’ yearling and 2YO careers before they start racing. However, these partnerships may stay open and partners can buy into them after a horse starts racing for fair market value (usually a premium from the original offering price). Once a horse turns three, expenses are billed quarterly in advance. All profits earned are kept in a profit account. Partners vote at the end of the year to either distribute the funds on a pro-rata basis, use the funds to pay for expenses going forward or purchase a share in another horse. Owners looking to build a stable of horses in the most economical way possible are encouraged to invest in our mutual fund partnerships.
Traditional Partnership:
A Traditional Partnership offers partners ownership in a single horse. The Final Furlong team would typically acquire a yearling at the Fasig-Tipton Preferred Yearling Sale at Saratoga in August of each year. The offering price normally includes expenses for the horse’s entire 2YO career. After the horse turns three, partners are billed quarterly in advance and purse winnings are distributed as received.
Partners looking to acquire a large share in a single horse or owners looking to watch their horse grow-up on the farm and transition to the race track should consider a Traditional Partnership.
Claiming Partnership:
A Claiming Partnership is typically put together very quickly. We look to claim horses which have proven themselves on the racetrack at the highest levels of racing. Final Furlong Racing has spent two years developing a model for claiming horses in New York. We look to claim horses for $7,500 to $25,000 and improve them by giving our claims to the best trainers in New York. Partners looking to purchase a horse which will turn around and race again very quickly should consider claiming a horse rather than buying an unraced yearling or 2YO. Anyone interested in claiming a horse with FFRS should contact us to start the claiming process and developing a base of partners.
Breeding Partnerships:
Final Furlong has the ability to establish “Breed to Race” and “Breed to Sell” partnerships. Anyone interested in forming a breeding partnership should contact us to setup a strategy. All mares purchased under our breeding partnership will be pointed to breeding NY foals only. Weanling purchases are also considered under this partnership type.
